"Radical Marxist political economists Utsa Patnaik and Prabhat Patnaik argue that the accumulation of capital has always required the taking of land, raw materials, and bodies from noncapitalist modes of production. They begin with a thorough debunking of mainstream economics. Then, looking at the history of capitalism, from the beginnings of colonialism half a millennium ago to today's neoliberal regimes, they discover that, over the long haul, capitalism, in order to exist, must metastasize itself in the practice of imperialism and the immiseration of countless people"-- Provided by publisher.
Machine generated contents note: PART 1 1. A Money-Using Economy 2. Money in Some Theoretical Traditions 3. The Marxian System and Money 4. Capitalism and Its Setting 5. Increasing Supply Price and Imperialism PART 2 6. Periods in Capitalism 7. The Myth of the Agricultural Revolution 8. Capitalism and Colonialism 9. Colonialism before the First World War 10. Further on Colonial Transfers and Their Implications PART 3 11. The Unraveling of the Colonial Arrangement 12. A Perspective on the Great Depression 13. Public Policy and the Great Famine in Bengal, 1943-44 PART 4 14. Postwar Dirigisme and Its Contradictions 15. The Long Postwar Boom 16. The End of Postwar Dirigisme PART 5 17. The Neoliberal Regime 18. Inequality and Ex Ante Overproduction 19. Capitalism at an Impasse PART 6 20. Capitalism in History 21. The Road Ahead.
Includes index. Includes bibliographical references and index.