Summary Of State and Capitalist Development in India

Since emergence of the recent economic and financial crisis, the world over, explanatory power of social sciences and their methods of analysis are being questioned more vigorously. Even the validity of water tight compartmentalisation of socia science into various disciplines is being questioned. Consensus appears to be emerging that political economy approach to teaching and research may be encouraged where in interaction of economic, political and social processes are not lost sight of while analysing various social issues. The task is challenging as traditional mode of analysis in various disciplines which assumes that the factors assigned to the domains of other disciplines remaining unchanged, how dominant factors which constitute a discipline will interact and to subject those outcomes to empirical verification. This mode of thinking and research need to be replaced by dialectical method whereby interaction of economic, political and social factors is taken into consideration in formulation of various research questions and attempting possible explainations.

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