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 decades and collected in this volume, give a flavour of how political economy is shaped by power in a historical process. Often basing on the macroeconomic tradition of Marx, Kalecki, and Keynes, and combining it with his own field observations as an activist-researcher, these essays indicate the way in which political economy can be fruitfully reformulated.
ABOUT THE AUTHOR Amit Bhaduri
Amit Bhaduri is Visiting Professor, Council for Social Development, New Delhi. He has been internationally selected professor (of 'clear fame') in Pavia University, Italy. Professor Bhaduri has taught or been associated with many universities and research institutions in a career spanning over thirty years. these include Presidency College and Indian Institute of Management Calcutta, Delhi School of Economics, Jawaharlal Nehru University, and Centre for Development Studies, Kerala, in India. He has also taught in more than a dozen universities in Europe, United States, and Central America and been a Fellow of Institutes of Advanced Studies in Europe. Educated in Calcutta, Cambridge, and the Massachusetts Institute of Technology he has published nearly seventy technical papers, is on the editorial board of international journals, and authored five books. His books include Unconventional Economic Essays (OUP, 1993), and On the Border of Economic Theory and History.
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