'A strikingly intelligent, lucid and troubling book...It is essential reading.' Eric Hobsbawm 'A thoughtful, well-documented, and passionately argued account." Giovanni Arrighi, Johns Hopkins University 'A timely warning that globalisation is bringing about profound changes in the nation state and the international order.' Shashi Tharoor, Undersecretary General for Public Affairs of the United Nations, New York 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 and 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. 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 all students of economic theory and international relations.
Prem Shankar Jha is a columnist and former editor of the Hindustan Times, New Delhi's main morning daily. He has worked as a consultant to the UN Centre for Human settlements and the World Bank. He has been a Visiting Fellow at Harvard University and a Visiting Professor and Lecturer at the University of Virginia. His books include India a Political Economy of Stagnation (OUP, 1980), In the Eye of the Cyclone: The Crisis in Indian Democracy (Viking, 1993), and Kashmir 1947: Rival Versions of History (OUP, 1996).
1 Two Views of the Future 2 The End of History 3 Four Cycles of Capital Accumulation 4 The Onset of Chaos 5 Seven Explanations for the End of the Golden Age 6 The Emergence of the Global Market 7 The End of Organised Capitalism 8 Disorganisation of the Periphery 9 Assault on Economic Sovereignty 10 Growing Obsolescence of the Nation State 11 Rehearsal for Empire 12 The End of the Westphalian Order 13 Struggle for Hegemony 14 Loss of Hegemony 15 Towards Darkness Notes Index