Liberalization is supposed usually to bring in large amounts of direct foreign investment. What has come into the Indian economy after liberalization however is not so much direct foreign investment as 'hot money' interested in speculation. This is hardly surprising: what we have witnessed of...

[eng] Prabhat Patnaik - The Crisis in India's countryside.. The paper points at the sharp drop in levels of living for the rural poor and the stagnation in agriculture which provides the wherewithal for their survival. Stagnation in agriculture and the rising poverty level in India today are...

The problem with Indian planning lay not in its alleged 'inwardorientation', resulting in a neglect of trade possibilities. but in its inability to ralse adequate investable resources. The pioneers of planning had a sophisticated view of the role of comparative advantage: but they can be faulted...

Prabhat Patnaik's starting point is the fundamental question of how we can explain the resilience and durability of capitalist economies - after all, the writings of most of the giants among economists have been permeated by a sense of the transitoriness of capitalism. His argument is that the...

</titre> <alinea/> The paper points at the sharp drop in levels of living for the rural poor and the stagnation in agriculture which provides the wherewithal for their survival. Stagnation in agriculture and the rising poverty level in India today are matched by a booming service sector and moderate to low...

This Companion takes stock of the trajectory, achievements, shortcomings and prospects of Marxist political economy. It reflects the contributors’ shared commitment to bringing the methods, theories and concepts of Marx himself to bear across a wide range of topics and perspectives, and...

This two-volume original reference work provides a comprehensive overview of development economics and comprises contributions by some of the leading scholars working in the field. Authors are drawn from around the world and write on a wide range of topics.

The classical discussion of the agrarian question in the writings of Kautsky and Lenin occurred in the context of countries which were not under colonial or imperial yoke. This classical discussion, therefore, needs to be further developed, not just to take account of the changes that have taken...