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This textbook covers the syllabus of the papers on economy, state and society of undergraduate and postgraduate courses in Economics in India. It also covers the topics under the paper on history of economic thought taught in some colleges/universities.
The book explains the emergence, evolution and working of the capitalist system with the help of some of the major principles and theories of economics, both mainstream and heterodox. It interrelates economics and economic life with other aspects of our lives-social, cultural, political, religious and intellectual.
This book departs from the traditional analysis of the capitalist system in integrating the real sector of the economy with its monetary sector, and carries forward Keynes' analysis. It combines Keynesian and Marxian approaches to the subject and emphasises the dialectical unfolding of life that underlies the interrelation between the economy, state and society. It underlines that the capitalist system is constantly changing, propelled by the tendency towards increasing concentration of ownership and control of the means of production in fewer and fewer hands.
The book comes with an Instructor's Manual to aid the teaching of the subject.
List of contents
The Study of Economy, State And Society
Modes of Production
Transition From Feudalism to Capitalism
Capitalism: Features and Regime
Evolving Structure of Capitalism: Fordism and Before
Monopoly Capitalism: The Post-Fordist Phase
The Functioning of the Capitalist Economic System
Crises Tendencies Under Capitalism
Capitalism in the Global Context
Imperialism /Model Questions
About the author
R R Suresh retired as Reader from the Department of Economics, Ramjas College, Delhi University. He has taught Economics for four decades. He began his career in teaching in 1962.
His main focus areas were National Income Accounting and Comparative Economic Systems. He was active in syllabus revision committees of the Department of Economics, Delhi University, and in committees on Public Finance, National Income Accounting and Comparative Economic Systems.
Apart from his activities on academic fronts, Dr Suresh was also the President of Ramjas College Staff Association for ten years and a member of the executive committee of Delhi University Teachers Association. He was an elected Delhi University teacher's representative on the University's highest decision-making body, the Executive Council.
He has written two books, Public Sector Banking and Economics for Class 12.
