Global Political Economy : A Critique of Contemporary Capitalism

The present volume makes students and researchers familiar with contemporary issues in global political economy with a focus on the working of global capitalism in the last four to five decades. The volume covers a wide range of issues from conceptual questions to empirical investigation with the aim to promote a critical understanding of the major challenges posed by contemporary capitalism. It contains contributions of leading political economists from India and abroad. The volume will be a significant resource for developing a graduate course in global political economy. Please note: Taylor & Francis does not sell or distribute the Hardback in India, Pakistan, Nepal, Bhutan, Bangladesh and Sri Lanka.. Cover 1 Title Page 2 Copyright Page 3 Table of Contents 4 Preface 6 Introduction 8 1. Introduction to Historical Materialism: A Theory of Society and History 38 2. Essential Concepts in Marxian Political Economy 73 3. Notes on Marx’s Critique of Classical Political Economy 94 4. Capitalist Mode of Production: A Basic Interpretation 105 5. Contemporary Capitalism 128 6. Reserve Army of Labour 141 7. Political Economy of Employment-Unemployment in Capitalism 159 8. Can Capitalism Survive the High Degree of Automation? A Comparison with Thomas Piketty’s Argument 180 9. The Agrarian Question a Century After 1917: Capitalism in Agriculture and Agricultures in Capitalism 193 10. ‘Big is Not Always Beautiful’: Family Farms and Capitalism 223 11. What is Monopoly Capital? 243 12. Late Marx, Luxemburg, and the Conception of ‘Accumulation of Capital’ 254 13. Financialisation: There’s Something Happening Here 271 14. Reflections on the Classical Theory of Imperialism: Does History Repeat Itself? 295 15. What is Imperialism? Situating Imperialism in Relation to Capitalism and Colonialism 324 16. Climate Crisis and the Idea of Degrowth 340 17. Capitalism, Ecology and Eco-Socialism 354 18. Energy, Economic Growth, and Ecological Crisis 377 List of Contributors 406 About the Editors 408 Historical,Materialism;,Capitalist,Mode,of,Production;,Thomas,Piketty;,Luxemburg;,Financialisation;,Theory,of,Imperialism;,Eco-Socialism Historical Materialism,Capitalist Mode of Production,Thomas Piketty,Luxemburg,Financialisation,Theory of Imperialism,Eco-Socialism The present volume makes students and researchers familiar with contemporary issues in global political economy with a focus on the working of global capitalism in the last four to five decades. The volume covers a wide range of issues from conceptual questions to empirical investigation with the aim to promote a critical understanding of the major challenges posed by contemporary capitalism. It contains contributions of leading political economists from India and abroad. The volume will be a significant resource for developing a graduate course in global political economy. This book is co-published with Aakar Books, New Delhi. Taylor & Francis does not sell or distribute the print versions of this book in India, Pakistan, Nepal, Bhutan, Bangladesh and Sri Lanka. This book discusses contemporary issues in global political economy with a focus on the working of global capitalism. The volume covers a wide range of issues from conceptual questions to empirical investigation with the aim to promote a critical understanding of the major challenges posed by contemporary capitalism.