Subject(s): Capitalism -- Socialism -- Basic postulates of capitalism and classical economy -- Socialist attack on capitalism : Pre-Marxian socialists, Marx-the grave digger of capitalism, Marian economics-labour theory of value -- Rehabilitation of capitalism : Neo-classical economics, Keynesian tradition -- Prospects of capitalism : Transformation of capitalism, democracy, inequality, instability, inequality in Income, profitability and productivity, monopoly, unemployment -- Economic of socialism : Social equality, planning, industrial democracy, public sector, nationalisation, socialist view, public enterprises -- Economics of socialism : Pricing under capitalism, price mechanism, allocation of resources under market socialism, economy of Yugoslavia -- Planned economy in soviet Russia -- Planning in India : Democratic planning, decentralisation in planning, socialism in India, five year plans -- Critique of Indian planning : Poverty, inequality and unemployment, inflation, unemployment, regional imbalance, polices and programmes, rural development, foreign trade