ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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On Economic Crisis and the Transition from Capitalism

from Capitalism Surendra J Patel IN a review article of my paper 'Economic Crisis and Transition from Capitalism' (EPW, March 29, 1986), Paresh Chatto- padhyay has raised several critical questions concerning the transition from capitalism ('On Economic Crisis and Transition from Capitalism: A Marxian Approach', EPW, September 6, 1986).1 This note is a response to the three issues take. up by him: (1) categorisation of 'economic formation' and of transitional economic formation'; (2) treatment of 'Socialism' particularly with reference to the USSR; and (3) approach to the question of 'economic crisis' in relation to what I had characterised as 'socialist countries'.

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