Showing all 5 books
A distinguished economic theorist of international fame, Amit Bhaduri stands out for challenging consistently the conventional wisdom of mainstream economics. Through his innovative research he has shown systematically how the postulates of individual rationality and methodological individualism of economic orthodoxy ignore the role of power which should be the centre piece of economic analysis. Fifteen less technical of his essays, written over the last three ...
Despite the interface that exists between economics and history, modern economic theory has largely failed to integrate the two. This unusual collection of essays makes an interesting departure in showing how economic theory, and even its formal mathematical apparatus, can be fruitfully applied to throw light on historical processes and problems in fields as diverse as agrarian economics and industrial capitalism. The first five essays, set in the context of ...
Amit Bhaduri’s distinction as an economic theorist lies in challenging mainstream theory in a precise yet compelling way. The essays in this collection, written by the author over the last quarter century, mark a fresh approach to one of the most important economic problems of our time. Why poverty and employment, as two sides of the same problem, appear and persist, and are often bypassed by the process of development? The author looks at this problem from a ...
Despite almost six decades of India’s independence, dehumanizing poverty afflicts a large section of Indian masses. Is economic liberalization with continuous rolling back of the State the answer? This book, written by one of India’s foremost theoretical economists, is a non-technical manner argues forcefully that this would be the wrong track to follow. In the course of the argument, the author demolishes many conventional economic propositions which rule ...