This textbook covers the syllabus of the papers on economy, state, and society of undergraduate and graduate courses in Economics in India. The content also covers the topics in history of economic thought taught in some colleges and universities.

The textbook explains the emergence, evolution, and working of the capitalist system with the help of some of the major principles and theories of economics. It interrelates economics and economic life with other aspects of our lives—social, cultural, political, religious, and intellectual.

This book departs from the traditional analysis of the capitalist system in integrating the real sector of the economy with its monetary sector and carries forward Keynes' analysis. It underlines that the capitalist system is constantly changing, propelled by the tendency towards increasing concentration of ownership and control of the means of production in fewer and fewer hands.

The book comes with an Instructor's Manual to aid the teaching of the subject.

Capitalism: Features and Regime

Capitalism: Features and regime

Learning Objectives

  • To show the relation between the base and the superstructure
  • To understand the basic features of capitalism
  • To elucidate the regime of capitalism: the superstructure under capitalism
  • To study the behavioural path of the capitalist system: its laws of motion
  • Key themes to look out for are interdependence between base and superstructure—economy and polity in pre-capitalism and capitalism—basic features of capitalism and features specific to particular stages of capitalism; property relations, society and the rule of law; laws of motion of capitalism; markets and the market economy; wage labour under pre-capitalism and capitalism; simple commodity production, capitalist commodity production; C – M – C, M – C – M and objective of production; morality and ethics under pre-capitalism and capitalism; the ...
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