Synopsis
Today there are very few books available, especially at the introductory level, on radical political economy-the offspring of Marx's economic thought. This text strives to fill this gap in radical literature. It is a well-written, straightforward introduction to the subject and skilfully explains the key concepts in a jargon-free style. The book covers a fairly complete range of topics-beginning with a chapter on Marx, followed by detailed discussions on the contemporary RPE method and core concepts, theory of production and work, the capitalist system, and the contradictions of capitalism. The text then goes on to give a radical analysis of noneconomic spheres of culture and state, the roles of ideology and reproduction, with emphasis on the role that education and media play in capitalism. Besides, it deals with macrodynamics of capitalism, stressing on unequal distribution of income and wealth, imperialism and economic crises-the contradiction of capitalism. The text concludes with some radical proposals for reforming capitalism that would create a much more egalitarian society. The extensive reading list at the end of each chapter would enable the reader to delve deeper into the subject. Postgraduate students of economics as well as planners and economic thinkers should find this study both stimulating and useful.
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