9789350028643
Aakar Books 2024
Language: English
269 Pages
Price INR 995.0 Not Available
Book Club Price INR 746.25 USD
Dr. Akina Venkateswarlu makes an admirable attempt in this book to examine the relevance of received economic theories for the understanding of economic conditions in different periods as well as for designing policies to improve the well-being of the common people. – Prof. C.H. Hanumantha Rao, Former Planning Commission and Padma Bhushan Awardee.
Dr. Venkateswarlu has put together five different branches of economics in five Chapters bringing out their overlap and interlinkages at the core. The book (i) deals with evolution of development economics in first, second and new generation phases, while dealing with global economic changes between last two phases; (ii) presents the rise of old and new institutional economics; (iii) examines how behavioural economics grew treating human as not homo economicus; (iv) looks into financialization of the economy, while considering the finance, insurance and real estate(FIRE) sector’s growing share in the GVA of the US since 1970 and India since 1991; and (v) finally brings out the salient features of Marxian political economy, elucidating arguments with quotes from Marx’s original sources. This opens up a new window to view the evolution of economic theory and would be useful to students, researchers and teachers. – Prof. Amitabh Kundu, former Professor of Economics, Jawaharlal Nehru University, New Delhi.