Monthly Review began publication in New York City in May 1949. The first issue featured the lead article “Why Socialism?” by Albert Einstein. From the beginning, Monthly Review spoke for a critical but spirited socialism, independent of any political organization. In an era of Cold War repression, the magazine published pioneering analyses of political economy, imperialism, and Third World struggles, drawing on the rich legacy of Marxist thought without being bound to any narrow view or party line. The McCarthy-led inquisition targeted MR‘s original editors, Paul Sweezy and Leo Huberman, who fought back successfully. Against these odds, the magazine’s readership and influence grew steadily, and in 1952, Monthly Review Press published its first title, I. F. Stone’s Hidden History of the Korean War.
