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Karl Marx's 'Capital' and the Present: Four Essays
30 December, 2017, C.P. Chandrasekhar
Capitalism has been hugely transformed in the 150 years since the publication of the first German edition of Capital, especially with the rise to dominance of finance and the overwhelming presence of financial wealth.
Marx and Naoroji
20 December, 2017, Prabhat Patnaik
In the early 1850s Karl Marx, living in Dean Street in London’s Soho, was working on his opus Capital, of which a preliminary fragment was published in 1859 as A Contribution to the Critique of Political Economy........
C.P. Chandrasekhar speaks on "Karl Marx's Capital & the Present"
30 September, 2017,
The fourth lecture, titled 'Karl Marx's Capital & the Present', was delivered on 30th September, 2017 at the India Habitat Centre in New Delhi. In this, the professor talks about contemporary insights that can be drawn from Das Kapital after 150 years of its publication.
C.P. Chandrasekhar speaks on 'Revisiting 'Capital' in the Age of Finance'
23 September, 2017,
The third lecture, titled 'Revisiting Capital in the Age of Finance', was delivered on 23rd September, 2017 at the India Habitat Centre in New Delhi. In this lecture, he talks about the phases that capitalism went through since its inception.
C.P. Chandrasekhar speaks on "Order and Anarchy in Capitalist System"
16 September, 2017,
The second lecture, titled 'Order and Anarchy in Capitalist Systems, was delivered on 16th September, 2017 at the India Habitat Centre in New Delhi. In this, the professor talks about the various anarchic tendencies of capitalism, which culminate in a crisis due to overproduction at one pole and underconsumption at the other.
C.P. Chandrasekhar Speaks on 'Capital and the Critique of Bourgeois Political Economy'
09 September, 2017,
The first lecture, titled 'Capital and the critique of bourgeois political economy', was delivered on 9 September 2017 at the India Habitat Centre in New Delhi. In this lecture, Professor Chandrasekhar talks about Marx's analysis of capitalism as an inevitably transient mode of production in a constant opposition to political economists of that period, and his contributions to the Labour Theory of Value. He also discusses how Marx's analysis does not fully examine the role of the state and the periphery as sites for primitive accumulation thus overestimating the transformative potential of capitalism.
150 years of 'Das Kapital': How relevant is Marx today?
24 August, 2017, Jayati Ghosh
After 150 years of ‘Das Kapital’, the seminal work of the 19th century economist still provides a framework for understanding contemporary capitalism. The unique social relations such as “free labour” and “commodity fetishism”, that according to Marx, define capital, are reflected in the uneven and unstable development of the world market.
Demonetization as a Means of Fighting "Black Money"
06 December, 2016, Prabhat Patnaik
It is very obvious by now that demonetization, far from being an attack on the black economy, has in effect turned out to be an attack on the vulnerable informal segment of the white economy.
Call for Papers for International conference on: Cooperatives in Transition in the Era of Globalisation
06 March, 2013,
Cooperatives were the earliest form of organisation of working people in the world. Over the years, they exemplified the importance of worker cooperation and underlined the potential of organisation, solidarity, mutual assistance and unity of action of the working class in a capitalist society.
Afterword on a Movement
07 September, 2011, Prabhat Patnaik
Any undermining of parliamentary democracy represents a huge social retrogression. But a positive fall-out from the Hazare movement hopefully is self-rectification by the ''democratic State'' in the face of this challenge. However, the Hazare group's assault on parliamentary institutions and exclusive emphasis on corruption within the state machinery, to the exclusion of the corporate sector and civil society groups, could turn out to be a part of an agenda of converting Indian democracy into a ''corporatocracy''.
Commodities and Corruption
06 June, 2011, Prabhat Patnaik
Capitalism is supposed to bring in modernity, which includes a secular polity. Many have even defended neo-liberal reforms on the grounds that they hasten capitalist development and hence our march to modernity. But the incident of four senior central ministers kow-towing most abjectly to a ''Baba'' proves that neo-liberal India, far from countering pre-modernity, is actually strengthening it. This proves the leftist argument that in countries embarking late on capitalist development, the bourgeoisie allies itself with the feudal and semi-feudal elements that impedes the march to modernity.
The Paradox of Capitalism
04 February, 2011, Prabhat Patnaik
The fact that the bulk of the world's population continues to struggle for subsistence is because of the incubus of an exploitative social order; but this is often obscured by analyses that continue to cling to the illusion that the logic of compound interest will overcome the ''economic problem of mankind''.
The Criminalization of Dissent
13 January, 2011, Prabhat Patnaik
The official position idealising economic growth as a national goal and vilifying any opposition to it as anti-national, is reification. But, equally importantly, it is dangerous, both because it criminalizes ideological dissent and because it implicitly justifies corporate control over the State.
The Sacred Cow
23 August, 2010, Prabhat Patnaik
The bourgeoisie argument that development of infrastructure is in the interest of society and investment for it must be encouraged at all costs ignores the fact that infrastructure has a class character as well. Essentially, we must distinguish between “infrastructure” that is in the interests of the people at large and “infrastructure” that uses social resources for the benefit of the few.
The Assault of Vulgar Economy
11 September, 2006, Prabhat Patnaik
One of Karl Marx's basic propositions related to the two-fold nature of all economic categories under capitalism. A product was simultaneously a commodity; a commodity which had a use value carried simultaneously an exchange value.
The Illusionism of Finance
27 January, 2005, Prabhat Patnaik
In the era of international finance capital, the real material world of things appears to be an illusion while the world of finance appears as the real world. The present paper explains this illusionism and outlines the theoretical universe of this illusionism. It gives illustrations of such illusionism and shows how such illusionism permeates not just economics discussions but the entire social and political discourse.
The Dubious Longevity of the Right Wing
24 January, 2003, Jayati Ghosh
A news report on page 13 of The Hindu newspaper of January 22 quotes the Vishwa Hindu Parishad leader, Pravin Togadia, who was speaking at a press conference in Kolkata, as follows: "Time has come to reject Gandhi (Mahatma) and Karl Marx.

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