ABCs of Political Economy: Marxian Political Economy & Capitalist Development in Asia Video

The Second Segment of 'Marxian Political Economy & Capitalist Development in Asia' by Vamsi Vakulabharanam until my batteries ran out. I missed the First Segment as I was at the Civil Societies Award 2011.

This lecture focusses on the key issues of:
How Capitalism is Unstable, i.e. always prone to Crises?
If the present system is unjust and unstable, why do we still stick to the present system? Are there Alternatives out there?
What does this mean for the Malaysian Political Economy?
Why is Malaysia's economic policies still centered on the discourse of attracting Foreign Direct Investment (FDI) and increasing the service & financial sectors of the economy?
Are these sound policies, given the crisis-prone nature of the present capitalistic system? How can we challenge some of these surviving neo-liberal ideology of free markets and privatization as the best forms for economic development in Malaysia?
The Global Financial Crisis in 2008, the on-going Euro Sovereign Debt Crisis and the eruption of the Occupy Movement has returned the significance of Politics and Class to the once depoliticized realm of Economics.
How can we gain a better understanding of how Politics and Economics actually shape our daily lives as ordinary citizens here in Malaysia and beyond?

To help us learn the simple ABCs of Political Economy, Professor Vamsi Vakulabharanam, Associate Professor of Economics, from University of Hyderabad, India (he has previously taught at City University of New York, USA), delivered a 2-night seminar (December 12 & 13, 8pm) on the 'Marxian Political Economy & Capitalist Development in Asia.' He looks at the Marxian model with some care and then discuss its relevance to Asian economies today. He also refers to Keynes and others, as we move along.

Professor Vamsi Vakulabharanam

Research Interests: Macroeconomics, Political Economy, Asian Economic Development.

He holds a Ph.D. from University of Massachusetts Amherst, and is currently an assistant professor in Economics at the University of Hyderabad in India. he has focused his research on inequality in the contemporary economies of India and China. Specifically, he has worked on globalization and agrarian change in India, and consumption and wealth inequality during the period of economic reforms. He has also worked on patterns of workforce development in China during the last decade.

Until recently, Prof. Vamsi was an assistant professor of economics at Queens College of the City University of New York. Vamsi has published his work in academic journals, including Journal of Development Studies, Economic and Political Weekly, Review of Radical Political Economics, and Ethics and Economics. His work on agriculture is being published as a book in his native language, Telugu.

http://www.newschool.edu/ici/subpage.aspx?id=23830

nice lecture to ...
nice lecture to understand capitalism in Marxian view,? one can get clear idea about how crisis occurs in capitalism and explanation for existence of classes in capitalist society.

MUST WATCH VIDEO TO ...
MUST WATCH VIDEO TO GET A GIST OF D? SYSTEM AROUND US