IDEAS home Printed from https://ideas.repec.org/b/oxp/obooks/9780198288053.html
   My bibliography  Save this book

Accumulation and Stability under Capitalism

Author

Listed:
  • Patnaik, Prabhat

    (Jawaharlal Nehru University)

Abstract

Prabhat Patnaik's starting point is the fundamental question of how we can explain the resilience and durability of capitalist economies - after all, the writings of most of the giants among economists have been permeated by a sense of the transitoriness of capitalism. His argument is that the existence of a periphery of less developed countries provides a buffer that allows (relatively) crisis-free and non-inflationary growth in the capitalist core. The analysis unifies two fields that are normally separate: models of growth and stabilization policy in advanced economies and the economics of open developing economies. Consequently, Patnaik embraces both a thorough analysis of modern fiscal, monetary, and inflation policy in advanced capitalist economies and the constraints that systematically hinder development in less developed countries. Accumulation and Stability under Capitalism uses macroeconomic principles to solve problems currently addressed with microeconomic tools, establishing macroeconomics as a framework for analysing phenomena as wide-ranging as migration, imperialist systems, technological change, and labour markets. In the tradition of Keynes, Harrod and Domar, Marx, and Kalecki, it offers an alternative path to the choice-theoretic models that have appeared to be the only modern analytical path.

Suggested Citation

  • Patnaik, Prabhat, 1997. "Accumulation and Stability under Capitalism," OUP Catalogue, Oxford University Press, number 9780198288053.
    • Handle: RePEc:oxp:obooks:9780198288053
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shouvik Chakraborty, 2012. "Is Export Expansion of Manufactured Goods an Escape Route from Terms of Trade Deterioration of Developing Countries?," Journal of South Asian Development, , vol. 7(2), pages 81-108, October.
    2. Roy, Satyaki, 2010. "High Non-Wage Employment in India: Revisiting the ‘Paradox’ in Capitalist Development," MPRA Paper 35902, University Library of Munich, Germany, revised Apr 2011.
    3. C.P. Chandrasekhar, 2012. "Critical Perspectives on the Great Recession," Development and Change, International Institute of Social Studies, vol. 43(2), pages 603-613, March.
    4. C.P. Chandrasekhar, 2015. "A Window of Enlightenment? Revisiting Bretton Woods to Reinterpret the History of Hegemony," Development and Change, International Institute of Social Studies, vol. 46(6), pages 1401-1414, November.
    5. Azad, Rohit, 2016. "Plurality in Teaching Macroeconomics," MPRA Paper 76340, University Library of Munich, Germany.
    6. Azad, Rohit & Bose, Prasenjit & Dasgupta, Zico, 2016. "Financial Globalisation and India: Internal and External Dimensions," MPRA Paper 63874, University Library of Munich, Germany.
    7. Soumya Datta & C. Saratchand, 2021. "Kaleckian conflict inflation with endogenous labor supply," Metroeconomica, Wiley Blackwell, vol. 72(2), pages 238-259, May.
    8. Prabhat Patnaik, 2018. "The Legacy of Ashok Mitra," Agrarian South: Journal of Political Economy, Centre for Agrarian Research and Education for South, vol. 7(3), pages 381-393, December.
    9. Chakrabarti, Saumya, 2014. "Agriculture-Industry Relation and the Question of ‘Home Market’: Towards Closing a Century’s Old Debate," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 69(2), pages 1-28.
    10. Jayati Ghosh, 2019. "A Brave New World, or the Same Old Story with New Characters?," Development and Change, International Institute of Social Studies, vol. 50(2), pages 379-393, March.
    11. D'Costa, Anthony P., 2003. "Uneven and Combined Development: Understanding India's Software Exports," World Development, Elsevier, vol. 31(1), pages 211-226, January.
    12. Prabhat Patnaik, 2019. "Contemporary Capitalism and the World of Work," Agrarian South: Journal of Political Economy, Centre for Agrarian Research and Education for South, vol. 8(1-2), pages 303-316, April.
    13. Shouvik Chakraborty & Prabirjit Sarkar, 2020. "From The Classical Economists To Empiricists: A Review Of The Terms Of Trade Controversy," Journal of Economic Surveys, Wiley Blackwell, vol. 34(5), pages 1111-1133, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oxp:obooks:9780198288053. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Economics Book Marketing (email available below). General contact details of provider: http://www.oup.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.