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

Aspects of the World Capitalist Economy in the 1980s

Aspects of the World Capitalist Economy in the 1980s Prabhat Patnaik Economic booms, characterised by rapid capital accumulation and a plethora of new processes and new products, are founded on crises, which periodically purge the economy of obsolescence. Artificially arresting the crises, through budgetary deficits, as is being done today in the US, can only lead to the 'crisis of postponed crisis'. The capitalist world may well attempt solutions to its current crisis which augur ill for the third world.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top