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On Capitalism and Imperialism: A Note Based on Prabhat Patnaik’s Contributions to Economic Theory
Abstract
From his days as a doctoral student, Prabhat Patnaik was convinced that given the structure and spontaneous logic of capitalism, its expansion and relative ‘stability’ could not be understood without incorporating the role of primitive accumulation and imperialism in its development. That quest made clear that without transcending capitalism and the spontaneity that came from its essential structure, it was impossible to ensure a just, egalitarian and sustainable social order. This article draws on a small corpus of his enormous work to highlight a few insights that emerged from his wide-ranging engagement with that critique and search for an alternative. JEL Codes: B14, B24, B51, E11, N10, N20
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Cites
Capital: A Critique of Political Economy
Marx, K. H. (2020) · Duke University Press eBooks · doi:10.1515/9780822390169-009 · Cited by 9,880
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Research works printed but not linked: 3
- Kalecki M., 1932, Collected works of Michal Kalecki (Volume 1): Capitalism: Business cycles and full employment
- Luxemburg R., 1964, Accumulation of capital
- Patnaik U., 2021, Capital & imperialism
Cited by
Sorted by citations
Energy Demand in New Markets: A Critical Perspective
Longkumer, A. D., & Rihmo, H. L. D. (2025) · Advances in geographical and environmental sciences · doi:10.1007/978-981-96-0535-4_5
Mitra, R. (2025) · International Journal of Humanities & social Science studies (IJHSSS) · doi:10.29032/ijhsss.vol.11.issue.04w.109
India’s Care Sector as an Enabler for Women’s Economic Participation
Bordoloi, M., & Bedamatta, R. (2026) · Review of Development and Change · doi:10.1177/09722661261443379
Metadata
- Authors
- Chandrasekhar, C. P., & Ghosh, J.
- Affiliations
- Jawaharlal Nehru University (IN)
- University of Massachusetts Amherst (US)
- Corresponding author
- Chandrasekhar, C. P.
- ORCID
- Ghosh, Jayati
- Venue
- The Indian Economic Journal
- Publisher
- SAGE Publications
- Published
- 2023-01
- Volume
- 71
- Issue
- 1
- Pages
- 78-91
- ISSN
- 0019-4662 (ISSN-L)
- 2631-617X
- OpenAlex
- W4318619448
- Cited by
- 3
- References
- 6
- Citations by year
- 2026: 1 · 2025: 2
- FWCI
- 1.03
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- The Indian Economic Journal (publishedVersion)
- Topics
- Social Sciences › Sociology and Political Science › Political Economy and Marxism
- Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Economic Theory and Policy
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Indian Economic and Social Development
- Keywords
- capitalism, imperialism, primitive accumulation, critique of capitalism, Marxian economics, alternatives to capitalism, social justice, egalitarianism, sustainability
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- CoChat. (2026). Citation check: On Capitalism and Imperialism: A Note Based on Prabhat Patnaik’s Contributions to Economic Theory. https://app.cochat.ai/papers/10.1177/00194662221145281
- The paper
- Chandrasekhar, C. P., & Ghosh, J. (2023). On Capitalism and Imperialism: A Note Based on Prabhat Patnaik’s Contributions to Economic Theory. The Indian Economic Journal. https://doi.org/10.1177/00194662221145281