ISBN-13: 9780198288053 / Angielski / Twarda / 1997 / 336 str.
Patnaik's starting point is the fundamental question of how we can exp lain the resilience and durability of capitalist economies-. He argues that the existence of a periphery of less developed countries provide s a buffer that allows (relatively) crisis-free and non-inflationary g rowth in the capitalist core. His analysis unifies two fields that are normally separate: models of growth and stabilization policy in advan ced economies and the economics of open, developing economies.