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“The volume that covers three major themes: the internal contradictions of capitalism, the growth of the Indian economy and the feasibility of socialism… contains essays contributed entirely by Patnaik’s former students, especially those whom he guided in their doctoral work. It is a fitting tribute to a teacher who inspired them by his commitment to scholarship and involvement in public affairs.”
[The book] is a tribute to Patnaik. It reflects the wide range of interests that he had and allowed his students to pursue – from macroeconomics to dynamic optimization, to stimulation techniques, to monetary economics, and Marxism. If only one thing could bind all the essays together then that would be the fact that each contributor addresses a problem of the market economy, and tries to probe it to seek implications for long-term development of society.