Cited by 3Political Economy and MarxismEconomic Theory and PolicyIndian Economic and Social Development

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On Capitalism and Imperialism: A Note Based on Prabhat Patnaik’s Contributions to Economic Theory

Chandrasekhar, C. P., Ghosh, Jayati·2023·The Indian Economic Journal

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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Crossref · 10.1177/00194662221145281

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6 of 6 references verified0 citation errors · 0 not checkable

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Research works printed but not linked: 3

  1. Kalecki M., 1932, Collected works of Michal Kalecki (Volume 1): Capitalism: Business cycles and full employment
  2. Luxemburg R., 1964, Accumulation of capital
  3. Patnaik U., 2021, Capital & imperialism

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Metadata

Authors
Chandrasekhar, C. P., & Ghosh, J.
Affiliations
  • Jawaharlal Nehru University (IN)
  • University of Massachusetts Amherst (US)
Corresponding author
Chandrasekhar, C. P.
Venue
The Indian Economic Journal
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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