Ineffectiveness and Culture A Methodological Detour Abhay Pethe An attempt has been made in this paper to critically albeit briefly look at the treatment of 'expectations' in mainstream economics...
Review of Political Economy
Economy, 1844-1994 Paresh Chattopadhyay This year marks 150th anniversary of Marx's first critique of political economy, the Economic and Philosophical Manuscripts. Even at this early stage of his...
Ranjit Sau Two recent events have caused a paradigm shift in political economics: (a) the unprecedented achievements of fast Asia, and (b) the fall of the Soviet Union, the contemporary world...
Hegemonic Cycles of Capitalist World-Economy and International Financial System Krishnendu Ray This article sketches historically the capitalist world-economy from the 17th century to the present as...
R S Rao While retaining the axioms of self-interest in the neoclassical economic theory, the new institutional economics brings in the role of collective action and to that extent binds the...
Some Lessons from Canada P Mohanan Pillai The ongoing recession and the crisis dimensions that the Canadian economy has reached do not seem to constitute a transitory phase. The present crisis would...
Towards a Re-Examination of Concepts Vinod Vyasulu This article examines the basic concepts of class and surplus value and attempts to evaluate them in the current context.
The controversy over the new vision underlying 'structural adjustment
This article investigates the evolution of Marshallian neoclassical conceptualisations against the background of the tempestuous changes that restructured British and international capitalism...
There is no single unequivocal meaning that can be assigned to political economy. Whereas the concept of political economy presumes a symbiotic relationship between politics and economics, the...
In 1936, Hermann Goering, the Reich Marshal with a large girth, said in a radio broadcast: "Guns will make us powerful; butter will only make us fat". Twelve years later, Samuelson lifted this...
Malthusianism and neo-Malthusianism offer an excessively simplistic understanding of the complex relationship of resources and population, which has proven to be a theoretical red herring.
Reconstruction A Das Gupta This article is a pure theoretical exercise involving a philosophical reconstruction of Marxism which has no direct bearing on the events that happened in the former...
World Order Sharat G Lin The global economic crisis has toppled governments and shattered nations in the east, given rise to a popular backlash for change in the west, and provided a new...
Towards a Reassessment of Contending Theses Paresh Chattopadhyay This article reviews critically, from the point of view of Marx's fundamental materialist categories, four basic alternative...
