Challenges to the global economy

Print edition : December 09, 2016

At a Walmart wholesale store in Zirakpur on the outskirts of Chandigarh.Retail capital is akin to merchant capital tending to subjugate even industrial capital, one of the authors in the book observes. Photo: Bloomberg

Outside the Bombay Stock Exchange in Mumbai. Currency trading is one of the most profitable activities for capitalist corporations. Photo: Arunangsu Roy Chowdhury

In this tribute to their teacher, Prabhat Patnaik’s former students put together a volume that covers three major themes: the internal contradictions of capitalism, the growth of the Indian economy and the feasibility of socialism.
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