C.P. Chandrasekhar was professor at the Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi, India. His areas of interest include the role of finance and industry in development and the experience with fiscal, financial and industrial policy reform in developing countries. Besides having published widely in academic journals, he is the author of Karl Marx's Capital and the Present: Four Essays (Tulika Books) and co-author of Crisis as Conquest: Learning from East Asia (Orient Longman) and The Market that Failed: Neo-Liberal Economic Reforms in India (Leftword Books). His columns, Economic Perspective and Macroscan, appear regularly in Frontline and The Hindu Business Line respectively.