Accumulation and Sability Under Capitalism

by Prabhat Patnaik

Patnaik's starting point is the fundamental question of how we can explain the resilience and durability of capitalist economies-. He argues that the existence of a periphery of less developed countries provides a buffer that allows (relatively) crisis-free and non-inflationary growth in the capitalist core. His analysis unifies two fields that are normally separate: models of growth and stabilization policy in advanced economies and the economics...

• Format: Hardcover
• Language: English
• ISBN: 0198288050
• ISBN13: 9780198288053
• Release Date: April 1997
• Publisher: Clarendon Press
• Length: 330 Pages
• Weight: 1.25 lbs.
• Dimensions: 0.9" x 5.5" x 8.5"