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There's really no escaping it: if you want to understand
capitalism, you simply have to read Karl Marx's "Capital". But this
is easier said than done. "Capital" is Marx's magnum opus -
consisting of more than 2,000 pages, over three volumes. It is a
masterpiece of analysis, of relentlessly methodical and logical
reasoning. So is "Capital" only for the expert? No. "Capital" can
be read - and understood - by beginners as well, provided they are
guided into it. Which is exactly what this volume does. Seven
leading Marxist scholars lay out the conceptual framework of
"Capital" as well as investigate its various themes in essays
written specially for this Reader. Moreover, each of the authors
has taken care to not limit him/herself to only preliminary
explication of concepts, and has also gone into matters of advanced
theory. The volume as a whole also has a broadly similar trajectory
- the first couple of essays lay the foundation, the middle four
essays graduate from basic concepts to theoretical discussion and
debates, and the last essay does not go into basic concepts at all,
but applies the method of "Capital" to theorise about contemporary
capitalism. This introductory Reader, then, does two things: it
equips new readers with the basic conceptual keys that could unlock
the vast treasure trove of Marx's analysis and insights, as well as
offering fresh insights into Marx's magnificent work to the
initiated.
The demonetisation of November 2016 goes down in history as the day
of an intensely debated economic policy intervention of the Indian
state. With abolition of the legal tender status of Rs 500 and Rs
1000 notes, about 86 per cent of the currency in circulation stood
withdrawn from the economy. The purpose, according to the
government, was to stamp out counterfeit currency, unearth black
money, and usher in a less-cash economy. One of the most detailed
analysis of demonetisation so far, the book takes on board a large
gamut of issues into consideration taking into account data for a
larger period of time i.e. till September 2017. The book reviews
impact of the demonetisation policy intervention on different
spheres of the economy and critically examines each of the major
claims of put forth by the government vis-a-vis demonetisation.
Through selections from the Economic and Political Weekly, it
presents a journey through the Indian black money debate, placing
the two demonetisations of 1978 and 2016 within the framework of
black money and tax evasion in India over the last six decades
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