Meghnad Desai is Emeritus Professor of Economics at the London School of Economics and Political Science, and a Member of the House of Lords. Professor Lord Desai was born in India, studied at the University of Bombay, and received his PhD at the University of Pennsylvania. He taught at the London School of Economics since 1965, was made a Professor of Economics at the LSE in 1983 and established the Centre for the Study of Global Governance in 1992. His latest book is Marx’s Revenge: The Resurgence of Capitalism and the Death of Statist Socialism.