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