Accumulation and Stability under Capitalism

Accumulation and Stability under Capitalism

ISBN: 9780198288053
Publisher: Clarendon Press
Edition: 1
Publication Date: 1997-04-17
Number of pages: 336
  • $132.93

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DESCRIPTION

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.

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