Tag: Patnaik
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Happy B’Day Marx! Imperialism and the Dialectic of Money
Yes, happy birthday Karl Marx, but his work on political economy was incomplete as he only ever presented exactly half the conceptual picture he intended to publish before he died. In Capital 1 Marx begins with the dialectic of the commodity, saying that it has both use-value and exchange-value, the former representing the utility of the commodity, the later its price in the market.
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Defining Imperialism with the help of Indian Political Economy
What I think ‘imperialism’ means comes up a lot in conversations about Syria and other wars. My position is that the word was botched from the beginning because it did not identify the mechanisms by which nations exploit nations.
The Oriental Despot 