The Rise and Fall of Economic Liberalism: The Making of the Economic Gulag

Frederic Clairmont
Southbound & Third World Network
ISBN: 983-9054-12-0
356 pages, 14.0x21.4cm
Third World: US$14.00
Others: US$20.00

"Clairmont's classic of the 1960s, The Rise and Fall of Economic Liberalism has just been republished with a long new introduction...a blockbuster, physically and mentally...Clairmont's great strength is that he not only itemises all the numerous dimensions of the transnationalisation of capital, but also integrates them into a functional whole, and assesses their impact on the world. consequently, the book ends not with a whimper, but a big bang, so fasten your seat belts when you start to read it." Ted Wheelwright, Transnational Centre, University of Sydney

CONTENTS

Chapter 1
Introduction

The Emergence of prometheus
Political Economy: A Liberating Force
Emergence of Revolt
Impact of the American Economy
Theorist of Growth
The Nation State
Repudiation of Specialisation
The Infant Industry Thesis
List: The Legacy

The Rape of India
Social Structure of Pre-British India
Pre-Capitalist Accumulation
Annihilation of Indian Manufactures
Social Relations of Agriculture
Cash Crops
British Rule: Imperial Foundations
Railway Investments
Railway Strategy
Later Deterrents to Industry
Attempts and Failures
The Utility of the Indian Dossier

The Historial Setting
Outgrowths of the Great Depression
Neo-Mercantilist Tendencies
Foreign Investment Practice
China's Dossier

Investment Patterns

 

Geographical Distribution
Foreign Borrowing
The Failure of Foreign Capital

Franco-Russian Loan Debacle
British Foreign Investment
The Impact of War
The Debacle
Hot Money and Flight Capital

The Changed Historical Sequence
The Push of Private Investment
Obstacles to Capital Outflow

Private Investment: The Singer-Myint Critique

 

The Export Sector
The Dual Structure
Wage Payment as a Multiplier
The Supply Side

The Foreign Investment Image
Critique
The Prebisch-Dobb Analysis
The Accidental Forces in Specialisation
Technical Advances
Balanced Growth
Shift in Manpower Resources
Mobilising the Surplus
Imperatives of Economic Reorganisation
Land Distribution: The Framework
The Agarian Take-off

Chapter 6
Concluding Reflections: The Counterblast of Crisis