Monopoly Capital
He married Elena Djatschenko, had a son Nicholas but soon divorced. Baran had his academic career in the United States, teaching at Stanford University from 1949. From 1949, he was an active participant in the formulation of editorial ideas and opinions in "Monthly Review" magazine edited by Paul Sweezy and Leo Huberman. Baran visited Cuba in 1960 along with Sweezy and Huberman, and was greatly inspired. In 1962 he revisited Moscow, Iran, and Yugoslavia. In his last years he worked on "Monopoly Capital" with Sweezy. He died from a heart attack in 1964 before it was completed by Sweezy. He is associated with the Neo-Marxian economics.