This article views the four economies of the South in a long run historical perspective of 1500-2000. It contrasts the history and the initial endowments of the two Northern hemisphere economies China and India which are land scarce and labour abundant with the two Southern hemisphere economies...

The current crisis is one of the great crises punctuating the long history of capitalism, and to be properly understood it is vital to take into account its ongoing structural transformation. This book offers plural perspectives on the Great Recession, placing the analysis of finance, class and...

Amartya Sen has been writing about development issues since the mid-1950s, most notably, but far from exclusively, in the 1960s. As a young man he was influenced by Tagore, by Nehru and by his teachers in Calcutta and Cambridge. He generally adopted an anti-market, anti-neoclassical stance. In...

It is shown that in an economy with non-marginal set-up costs on the capital side, which imply a minimum requirement of capital, production may be carried out by capitalist firms only, irrespective of the fact that workers can exchange work for capital so that labour-managed production seems...