“The Poverty of Political Economics”
India-born naturalised British economist Meghnad Desai has authored a new book titled “The Poverty Of Political Economy: How Economics Abandoned the Poor” which highlights how the discipline of economics, since the time it evolved from the late 18th century, systematically kept the interests of the poor at the periphery. The book is published by HarperCollins Publishers India.
The book examines the philosophical traditions that have shaped economics across the world in this engrossing new book. Through this book, Meghnad Desai studies the contributions of economics to domestic and international politics from Adam Smith to John Maynard Keynes, and from the Great Depression to the collapse of the Lehmann Brothers.
About the book
In this compelling new book, Meghnad Desai takes a critical, introspective look at the bodies of thought that have driven economics across the world. From Adam Smith to John Maynard Keynes, and from the Great Depression to the collapse of the Lehmann Brothers, Desai studies the contributions of economics to domestic and international politics.
The Poverty of Political Economy asks necessary and startling questions: Where have we fallen short? How have changes in the international order affected the making of economies? In the face of Covid-19, how do we reinvent the way that economic policies are formed?
This is a remarkable thesis by one of the foremost political economists of our time. Desai argues his point persuasively, with great erudition, insisting that in the twenty-first century, humanity must return to economics.