Economic Challenges for the Contemporary World
Essays in Honour of Prabhat Patnaik
Nandan Nawn editor Sabyasachi Kar editor Mausumi Das editor
Format:Hardback
Publisher:SAGE Publications India Pvt Ltd
Published:13th Jun '16
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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.
"The volume that covers three major themes: the internal contradictions of capitalism, the growth of the Indian economy and the feasibility of socialism… contains essays contributed entirely by Patnaik’s former students, especially those whom he guided in their doctoral work. It is a fitting tribute to a teacher who inspired them by his commitment to scholarship and involvement in public affairs."
-- Frontline, December 9, 2016[The book] is a tribute to Patnaik. It reflects the wide range of interests that he had and allowed his students to pursue – from macroeconomics to dynamic optimization, to stimulation techniques, to monetary economics, and Marxism. If only one thing could bind all the essays together then that would be the fact that each contributor addresses a problem of the market economy, and tries to probe it to seek implications for long-term development of society.
-- Economic and Political Weekly, 16 September
ISBN: 9789351508786
Dimensions: unknown
Weight: 730g
344 pages