Patnaik joined the Faculty of Economics and Politics[clarification needed] of the University of Cambridge,UK in 1969 and was elected a fellow of Clare College,Cambridge. In 1974 he returned to India as an associate professor at the newly established Centre for Economic Studies and Planning (CESP) at the Jawaharlal Nehru University (JNU),New Delhi. He became a professor at the Centre in 1983 and taught there till his retirement in 2010. At the time of retirement,he held the Sukhamoy Chakravarty Chair in Planning and Development at CESP.[citation needed]
His specialization is macroeconomics and political economy,areas in which he has written a number of books and articles. Some of his books includes Time,Inflation and Growth (1988),Economics and Egalitarianism (1990),Whatever Happened to Imperialism and Other Essays (1995),Accumulation and Stability Under Capitalism (1997),The Retreat to Unfreedom (2003),The Value of Money (2008) and Re-envisioning Socialism (2011).[6] He is the editor of the journal Social Scientist.[7]
Prabhat Patnaik is a staunch critic of both neoliberal economic policies and Hindutva,and is known as a social scientist of Marxist–Leninist persuasion.[9][10] According to him,in India,the increase in economic growth has been accompanied by an increase in the magnitude of absolute poverty. The only solution is to alter the class orientation of the Indian State.[11]
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