Introduction -- The threat of increasing supply price -- Coping with the threat -- The reserve army of labour in the periphery -- Capitalism, poverty and inequality -- Further elaborations and clarifications -- Metropolitan demand on tropical land mass: the empirical picture -- The international monetary system: some issues in political economy -- Some concluding remarks
Summary
In A Theory of Imperialism, the economists Utsa Patnaik and Prabhat Patnaik present a new theory of the origins and mechanics of capitalism that sounds an alarm about its ongoing viability. Their theory centers on trade between the core economies of the global North and the tropical and subtropical countries of the global South and considers how the demand for commodities (such as agricultural products and oil) from the South has perpetuated and solidified an imperialistic relationship. The Patnaiks explore the dynamics of this process and discuss innovations that could allow the economies of
