It is in underdeveloped world that he central, overriding fact of our epoch becomes manifest to the naked eye: the capitalist system, once a mighty e… - Paul A. Baran

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It is in underdeveloped world that he central, overriding fact of our epoch becomes manifest to the naked eye: the capitalist system, once a mighty engine of economic development, has turned into a no less formidable hurdle to human advancement.

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About Paul A. Baran

Paul Alexander Baran (25 August 1909, Mykolaiv, , today Ukraine – 26 March 1964, Palo Alto, USA) was an American economist known for his Marxist views. In 1951 Baran was promoted to full professor at Stanford University and Baran was the only tenured in the United States until his death in 1964.

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Alternative Names: Paul Alexander Baran Paul Baran
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To contribute to the emergence of a society in which development will supplant stagnation, in which growth will take the place of decay, and in which culture will put an end to barbarism is the noblest, and, indeed, the only true function of intellectual endeavor.

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The principal impact of foreign enterprise on the development of the underdeveloped countries lies in hardening and strengthening the sway of merchant capitalism, in slowing down and indeed preventing its transformation into industrial capitalism.

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