This groundbreaking book offers an in-depth historical perspective on the rise of capitalism, written by one of the leading scholars of the Global South.
Arguing that globalisation is generally poorly understood, Jha offers a new synthesis of political economic theory that sheds light on the consequences of rapid industrialisation worldwide.
Writing from outside the usual Western perspective, the book challenges many of the usual preconceptions about the impact of globalisation.
Jha argues that capitalism has developed in four major stages.
Prem Shankar Jha is a columnist and former editor of the Hindustan Times. He has been a Visiting Fellow at Harvard University and a Visitng Professor and Lecturer at the University of Virginia. His books include India: A political economy of stagnation, Kashmir 1947:Rival versions of history and The perilous road to the market.
With a foreword by Eric Hobsbawm, the book provides a detailed history of the rise of capitalism from its early days through the industrial revolution until today.
Examining the role of the nation state, this book presents a truly unique perspective on globalisation that will be of interest to students of economic theory and international relations.