Essays in the Reconstruction of Political Economy

A distinguished economic theorist of international fame, Amit Bhaduri stands out for challenging consistently the conventional wisdom of mainstream economics. Through his innovative research, he has shown systematically how the postulates of individual rationality and methodological individualism of economic orthodoxy ignore the role of power which should be the centrepiece of economic analysis. Fifteen less technical of his essays, written over the last three decades and collected in this volume, give a flavour of how political economy is shaped by power in a historical process.