Accumulation and Stability under Capitalism

Accumulation and Stability under Capitalism

ISBN-10:
0198288050
ISBN-13:
9780198288053
Pub. Date:
02/28/1997
Publisher:
Oxford University Press, USA

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Overview

Accumulation and Stability under Capitalism

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 of open, developing economies.

Product Details

ISBN-13: 9780198288053
Publisher: Oxford University Press, USA
Publication date: 02/28/1997
Pages: 336
Product dimensions: 5.62(w) x 8.75(h) x 0.89(d)

Table of Contents

1. Introduction
1(16)
I. ACCUMULATION AND STABILITY 17(44)
2. Accumulation and Economic Growth
17(20)
3. Steady Growth and Price Instability
37(24)
II. STATE INTERVENTION AND STABILITY 61(34)
4. Monetary Policy as an Instrument of Stabilisation
61(14)
5. State Intervention through Fiscal Policy
75(20)
III. STABILITY THROUGH UNEQUAL INTERDEPENDENCE 95(86)
6. Capital Accumulation in Conditions of Unequal Interdependence: A Preliminary Model
95(18)
7. Accumulation and Unequal Interdependence: A Fuller Discussion
113(24)
8. Technical Progress and Uneven Development
137(26)
9. A Critical Review of the Argument So Far
163(18)
IV. IMPERIALISM AND THIRD WORLD DEVELOPMENT 181(122)
10. A Theory of Imperialism
181(21)
11. The Market Question in a Historical Setting
202(21)
12. Diffusion of Activities and the Terms of Trade
223(33)
13. The Limitations of Enforced Diffusion
256(25)
14. Socialism and Third World Development
281(22)
Bibliography 303(10)
Index of Names 313(2)
Index of Subjects 315

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