ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Rent-Seeking, New Political Economy and-Negation of Politics

The concept of rent-seeking is a direct by-product of the new political economy which started out as a development of the old 'interest group or elite theory of politics. There is nothing particularly novel about the idea of earning rent as an obstacle to progress What is note is a deliberate restriction and in some cases an arbitrary redefinition of the concept of rent-seeking and its application to denigrate all government intervention and virtually abolish the domain of politics in the LDCs (and in the developed economies as well).

Transnational Banks, US Power Game and Global Impoverishment

Transnational Banks, US Power Game and Global Impoverishment Amiya Kumar Bagchi Even as the burgeoning crises of the savings and loan associations of the US and of the giant securities firms in Japan are making the political and financial authorities of those countries contemplate new ways of regulating the markets, fresh bouts of financial deregulation in the third world countries are rendering their investment climate absolutely fetid with risk and uncertainty.

PERSPECTIVES

Writing about Hindu-Muslim Riots in India Today Gyanendra Pandey The dominant nationalist historiography that insists on the totalising standpoint of a seamless nationalism needs to be challenged not only because of its interested use of categories such as 'national' and 'secular' but also because of its privileging of the so-called 'general' over the particular, the larger over the smaller, the 'mainstream' over the 'marginal

Working Class Consciousness

Working Class Consciousness Amiya Kumar Bagchi Rethinking Working Class History: Bengal 1890-1940 by Dipesh Chakrabarty; Princeton University Press, Princeton, New Jersey, 1989; pp xix + 245, $ 35.00.

Planning for Employment

Amiya Kumar Bagchi The Economic Advisory Council's report on an employment-oriented strategy for development in the 1990s does not show sufficient recognition that in an underdeveloped capitalist country like India, if the market has to work in the right direction, it has to be conditioned through major institutional and structural reforms.

An Economic Policy for the New Government

An Economic Policy for the New Government Amiya Kumar Bagchi A more egalitarian and more self-reliant growth path might lead to a decline in the growth rate in the short run as the economy adjusts to lower imports and a different structure of production. But as the endogenous process of technology acquisition, absorption, diffusion and local adaptation gets going and as more and more people are productively employee!, the rate of growth will pass that achieved under the inequalising spiral strategy and, besides, will be more sustainable in the long run.

Colonialism and the Nature of Capitalist-Enterprise in India

This article is an attempt to analyse the nature of "capitalist' enterprise in colonial India. The focus is on the nature of the labour processes used within the enterprises, the means of control exercised over the workers and the political relations of the owners or managers with the state apparatus. Specific cases of the retardation of the productive forces and the adoption of regressive labour processes are presented. The paper may be looked upon as an agenda for research as well as a contribution to the debate on the nature of colonial society.

Foreign Collaboration in Indian Industry

Foreign Collaboration in Indian Industry Amiya Kumar Bagchi Foreign Collaboration in Indian Industry: Fourth Survey Report, 1985, Reserve Bank of India, Bombay, 1985; pp vi + 252, Rs 30.

Indian Patents Act and Its Relation to Technological Development in India-A Preliminary Investigation

Technological Development in India A Preliminary Investigation Amiya Kumar Bagchi in collaboration with Parthasarathi Banerjee Uttam Kumar Bhattacharya The Indian Patents Act of 1970 embodied certain progressive suggestions in relation to industrial property rights.

The Terror and the Squalor of East Asian Capitalism

The Terror and the Squalor of East Asian Capitalism Amiya Kumar Bagchi JAPAN, South Korea, Taiwan, Hong Kong, Singapore, Thailand, Indonesia, Malaysia are all set firmly on the capitalist path

Towards a Correct Reading of Lenin s Theory of Imperialism

Theory of Imperialism Amiya Kumar Bagchi Lenin's has been the most authoritative of all the theories put foruxird so fur to explain the phenomenon of imperialism. For the same reason, it has been subjected to the greatest amount of sniping by both enemies and misguided adherents of Marxism, Lenin set out to do two things at the same time: he outlined the general problematic of explanation of potential or actual armed conflicts in the phase of monopoly capital, and at the same time he applied his theoretical framework to explain the First World War, the particular conflagration which set the background for the October Revolution. Lenin provided the axioms and relations which would demonstrate that capitalism in the phase of monopoly capital was globally unstable as an inter-national Mate system, and he imposed particular restrictions on those relations to show how the First World War came about.

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