This paper provides a survey of the literature on trade theory, from the classical example of comparative advantage to the New Trade theories currently used by many advanced countries to direct industrial policy and trade. An account is provided of the neo-classical brand of reciprocal demand...

The implementation of economic reforms under new economic policies in India was associated with a paradigmatic shift in monetary and fiscal policy. While monetary policies were solely aimed at “price stability” in the neoliberal regime, fiscal policies were characterized by the objective of...

1. Finance and growth under capitalism / Prabhat Patnaik -- 2. The global financial crisis : lessons we should have learned and an agenda for reform / L. Randall Wray -- 3. The problem of power in finance in India and Brazil : from targets of opportunity to poles of self-reinforcing growth? /...

1. India, the Great Depression and Britain's demise as world capitalist leader / Utsa Patnaik -- 2. Illegal flows in India's BOP accounts : their components and impact on the economy / Arun Kumar -- 3. Some aspects of external dimensions of the Indian economy in the age of globalisation /...