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

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Economic Consequences of a Dominant Coalition

a Dominant Coalition Ranjit Sau There is a consensus among social scientists that the political economy of India is dominated by a coalition of proprietary classes. Not just the capitalists, but a multiplicity of ruling classes contend for the economic surplus. The standard paradigm of economic theory cannot recognise such a situation. Hence there is an urgent need for innovation in the methodology of analysis, and in the 'research programme' itself Models of game theory and of genetic evolution may be applied to gain insight into the working of the system. The immediate task of economic policy should be to work towards the dissolution of the links which hold the dominant coalition together.

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