Prabhat Patnaik retired as Professor of Economics at Jawaharlal Nehru University, New Delhi. He is the author of Time, Inflation and Growth (1988), Economics and Egalitarianism (1991), Whatever Happened to Imperialism and other essays (1995), Accumulation and Stability under Capitalism (1997), The Retreat to Unfreedom (2003), The Value of Money (2008) and Re-Envisioning Socialism (2011). He is the Editor of the journal Social Scientist.