Accumulation, Development and Exclusion: China, India, and Global Capitalism

The experiences of the global south have revealed that the growth-driven modernization projects have left in their wake a trail of marginalization, dispossession, disempowerment, and the displacement of segments of the population. How is a growth process that leads to exclusion legitimized and how are the citizen/subjects governed through organized practices? How do the excluded population reproduce the economic and social conditions of their existence? How can the process of development through accumulation-oriented growth be critically evaluated? And, what are the prospects, if any, of alternative forms of development beyond accumulation? A panel discussion examines these issues in the context of two of the fastest growing economies in the world—China and India. The panel is part of a project to examine the theme development beyond accumulation from a Third World perspective.

Participants: Partha Chatterjee, professor of political science at the Centre for Studies in Social Sciences, Calcutta, and professor of anthropology at Columbia University, New York. His works include Nationalist Thought and the Colonial World (1986), The Nation and its Fragments (1993), A Princely Impostor? The Strange and Universal History of the Kumar of Bhawal (2003), and The Politics of the Governed (2004).

Duncan Foley, Leo Model Professor of Economics, New School for Social Research. His works include Understanding Capital: Marx’s Economic Theory (1986), Unholy Trinity: Labor, Capital, and Land in the New Economy (2002), and Adams Fallacy: A Guide to Economic Theology (2006).

David Harvey, distinguished professor of Anthropology at the Graduate Center of the City University of New York (CUNY). Among his many books are The Limits to Capital (1982; new edition 2007), The Condition of Postmodernity (1989), The New Imperialism (2003), A Brief History of Neoliberalism (2005), Spaces of Global Capitalism (2006), and Cosmopolitanism and the Geographies of Freedom (2009).

William Milberg, professor of Economics, New School for Social Research, will chair the session. He has authored The Crisis of Vision in Modern Economic Thought (1996, with Robert Heilbroner), The Making of Economic Society (2006, with Robert Heilbroner), and edited The Megacorp and Macrodynamics (1992), and Labor and the Globalization of Production (2004).

This event is hosted jointly by the Department of Economics, The New School for Social Research, and the India China Institute (ICI) of The New School, and is organized under the broad rubric of the theme of Prosperity and Inequality of the India China Institute. New School faculty member and ICI Fellow Lopamudra Banerjee is organizing the event.

This panel is part of a larger initiative by a working group of economists to examine the theme Development Beyond Accumulation from a Third World perspective. The theoretical and empirical studies carried out by the group are informed by the contemporary development experiences in China and India.

Courtesy: The New School, New York City

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