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The essays in this volume are grouped around three main themes: the genesis of underdevelopment and the mechanism of its spontaneous reproduction; the contradictions of the state- promoted development process after decolonization; and the political economy underlying the process of ‘economic liberalization’. Their focus is theoretical rather than empirical, and
while India provides the context in which they are written, they have a wider relevance to developing countries in general.
Written over a span of more than two decades, the essays share a common perception: that the perpetuation of the division of the world between an advanced segment and a backward segment is not in spite of, but because of capitalism. The tendency towards ‘globalization’ in particular, which is often portrayed as the
coming into being of a genuine inter-national community, a transcendence of imperialism, represents on the contrary its
supreme triumph. Prabhat Patnaik is Professor of Economics at the Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi, India. His publications include Economics and Egalitarianism (1991), Macro-economics (editor, 1995), and
Accumulation and Stabilit under Capitalism (1998). Paperback
x + 244 pages 8.5 x 5.5 inches ISBN 81-85229-38-4
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