Summary |
This short but far-reaching work discusses a theme of particular importance to India and other developing countries. It is based on the Shastri Memorial Lectures delivered by the author in 1974 at Banaras.
The first part of the work discusses the structure of capitalism and its significance for economic growth; the second part dwells on its limitations and the need for countries like India to adopt a different course for development. A theoretical appendix elucidates the argument in the main text, and adds to the value of the study for students of economics.
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