By Utsa Patnaik, Prabhat Patnaik
In A concept of Imperialism, economists Utsa Patnaik and Prabhat Patnaik current a brand new thought of the origins and mechanics of capitalism that sounds an alarm approximately its ongoing viability. Their conception facilities on alternate among the middle economies of the worldwide North and the tropical and subtropical international locations of the worldwide South and considers how the Northern call for for commodities (such as agricultural items and oil) from the South has perpetuated and solidified an imperialist dating. The Patnaiks discover the dynamics of this strategy and speak about options that may permit the economies of the South to accomplish larger prosperity with out destructive the economies of the North. the result's an unique conception of imperialism that brings to gentle the crippling barriers of neoliberal capitalism.
A conception of Imperialism additionally features a reaction via David Harvey, who translates the agrarian process otherwise and sees different components affecting alternate among the North and the South. Their debate is likely one of the such a lot provocative exchanges but over the way forward for the worldwide economic system as assets develop skinny, populations explode, and common prosperity turns into ever extra elusive.
About the Authors
Utsa Patnaik is professor emerita and Prabhat Patnaik is professor emeritus on the Centre for fiscal reviews and making plans, college of Social Sciences at Jawaharlal Nehru collage. Utsa's books contain The Agrarian query within the Neoliberal period (2011) and The Republic of starvation and different Essays (2007). Prabhat is the writer such a lot lately of the price of cash (Columbia, 2009) and Re-envisioning Socialism (2011).
David Harvey is a exotic professor within the anthropology, historical past, and Earth and environmental sciences courses at CUNY's Graduate middle. His books comprise Seventeen Contradictions and the tip of Capitalism (2014) and Cosmopolitanism and the Geographies of Freedom (Columbia, 2009).
A hugely unique, powerfully provided, and intensely thought-provoking new idea of imperialism that would strength someone fascinated about the query of imperialism to reconsider their very own presuppositions.
Robert Pollin, codirector and professor of economics, Political economic system examine Institute, collage of Massachusetts, Amherst
Utsa and Prabhat Patnaik supply us with a massive and incisive contribution to the speculation of imperialism. via a rigorous research of the regulations pursued in India, they reveal how the modern trend of imperialism is a continuation of its prior colonial development, within which peasant agriculture is systematically undermined, hence producing a big and turning out to be reserve of surplus labour. the tips defined in A idea of Imperialism are primary to figuring out the development of the unequal international method some time past and within the present.
Samir Amin, writer of The Implosion of Capitalism
this can be the easiest book-length therapy at the fiscal points of imperialism to were released long ago numerous a long time. it's theoretically robust and empirically scrupulous, and its historic diversity covers the complete span of imperialism from the colonial interval all the way down to the current day
Irfan Habib, writer of The Agrarian process of Mughal India 1556–1707.
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Extra resources for A Theory of Imperialism
It occurs because of a decline in labour productivity per efficiency unit of labour, which means that as more is produced, more labour in efficiency units is needed per unit of output. 1 And the only way such an increase can happen is because of transition to inferior quality of land, or because of the greater depth to which the extraction of mineral resources has to be carried, and so on. The fact that commodities with these two characteristics are required regularly by capitalism is obvious. Mineral resources, in the absence of the discovery of new and more easily exploitable sources, are a clear example of such a commodity.
The advanced country workers have wages whose ratio to third world wages does not increase no matter how high the rate of growth of their labour productivity. It follows then that in lieu of the original dichotomy between an advanced capitalist world and a backward capitalist world, which typically underlay the concept of imperialism, we might be seeing the division between the capitalists on the one hand and the workers on the other as an emerging phenomenon, both within countries and also globally.
Brought to you by | provisional account Unauthenticated Download Date | 12/19/16 1:45 PM The Threat of Increasing Supply Price 11 II The Fallacy of “Mainstream” Trade Theory The fact that a large range of products of the tropical landmass, which are not producible at all in cold temperate regions where the metropolitan core of the capitalist world is located, are essential nonetheless for this metropolitan core has been systematically ignored in economics and continues to be ignored to this day.