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Full Description
In view of Prabhat Patnaik's role in advocating progressive reforms and ideas in the global economy, this volume, in his honour, questions conventional thinking in mainstream economics and policy.
This book brings together diverse scholarship on various aspects of economic development that underscore the importance of tackling dominant and contemporary issues concerning the national and global economy. Divided into five distinct themes—economic growth, engaging with globalisation, poverty and inequality, macroeconomic issues, political economy and developmental aspects—the essays outline significantly contrasting methodologies that are used to deal with issues of vital importance.
Topical and up-to-date, the volume challenges the laissez faire philosophy and highlights the weaknesses of a free market as well as its inability to deal with the current issues.
Contents
Foreword - Kaushik Basu
Acknowledgements
Introduction - Mausumi Das, Sabyasachi Kar and Nandan Nawn
SUSTAINING THE GROWTH PROCESS
Financial Development and Growth under Capitalism - C P Chandrasekhar
Global Economic Challenges: Alone We Lag, Together We Grow - Pranab Mukhopadhyay
Sustainability, Surplus and Survival: Explorations through Agricultural Energetics - Nandan Nawn
DEALING WITH GLOBALISATION: TRADE, CAPITAL, TECHNOLOGY
Secular Movements in the International Terms of Trade of Primary Commodities vis-à-vis Manufactured Goods: Towards an Explanation - Shouvik Chakraborty
Global Rebalancing: Limitations of the East-Asia-centric Approach and the Role of Europe - Sabyasachi Kar
Effect of Fiscal Policy on Level of Activity under Capital Flows - Surajit Das
Foreign Direct Investment, Intellectual Property Rights and Technology Transfer - Biswajit Dhar and Reji Joseph
MITIGATING IMMISERISATION: POVERTY, INEQUALITY, JOBLESSNESS
Aspiration, Inequality and Growth - Mausumi Das
A Proposition on Convergence to Equality in a Growth Model with Bliss - Subrata Guha
Education, Equity and Development - Sudhanshu Bhushan
Employment Growth and Informalisation of Workers in the Organised Manufacturing Sector - Shuji Uchikawa
ENVISIONING THE INSTITUTIONAL CHANGES
Monetary Equilibrium and Inertial Expectations - Jyotirmoy Bhattacharya
Stock Markets, Finance and Development: A View from History - Vineet Kohli
Corporate Retailing in the Advanced Countries: Some Salient Features - Pradip Kumar Biswas
REIMAGINING THE POLITICAL HEGEMONY
Empire or Imperialism? - Prasenjit Bose
Output and Price (In)Stability under Neoliberalism: A Kaleckian Approach - Rohit
Agricultural Investment in India in Recent Decades: A Political Economic Note of Its Causes and Consequences - Debarshi Das
Political Economy of Contemporary Indian Agricultural and Rural Dynamics - Praveen Jha
Index
