In a revisionist interpretation, this article finds the position of mainstream economists to be in error in relation to the impact of economic theory on the economic strategy incorporated in the Second Five Year Plan. In place of "the power of (economic) theory", it suggests a "theory of power"...

This volume-in the Themes in Politics series-asks three important questions: What is the nature of the phenomenon under study? What are the causes of this pattern or phenomenon? What are its consequences? In addition, it asks what policies that would accentuate or attenuate the consequences?...