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Monthly Archives: June 2017

Home 2017 June

The Roots of the Agrarian Distress in India

  • June 29, 2017
  • C. P. Chandrasekhar
  • Fiscal Policy, Food and Agriculture, Macroeconomics
  • 0 Comments

The policy shifts of the reform era have not been in favor of agriculture. Trade liberalisation, deregulation and a greater role for market forces have not benefited the farmer, who is trapped in a persisting crisis. It is time for…

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Computer Outages

  • June 22, 2017
  • Jayati Ghosh
  • Economy and Society, Services
  • 0 Comments

It is a truth that should now be universally acknowledged that, everywhere in the world, our lives are driven by computers – or more specifically, by the workings of Information and Communication Technology (ICT) and therefore the internet. And our…

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Development for Whom?

  • June 22, 2017
  • Jayati Ghosh
  • Development Economics
  • 0 Comments

Calls for a new development paradigm grow louder each day, especially in rapidly growing countries like India. Award-winning development economist Jayati Ghosh explores prospects for such a new model of equitable and sustainable development with Allen White, Senior Fellow at…

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Imperialism Still Alive and Kicking: An interview with Prabhat Patnaik

  • June 20, 2017
  • C. J. Polychroniou
  • Finance, Political Economy
  • 0 Comments

An interview by C. J. Polychroniou C. J. Polychroniou: From the 1980s onwards, with the process of economic globalization having picked up speed, the concept of Imperialism has been largely removed from the political lexicon of much of the Western…

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The Economy Under Modi

  • June 20, 2017
  • Prabhat Patnaik
  • Food and Agriculture, Macroeconomics, Poverty
  • 0 Comments

The Modi government’s record in tacitly supporting the actions of  a bunch of vigilante thugs who have been terrorizing the country, especially the Muslims and the dalits, in the guise of gaurakshaks, or opponents of love jihad, or “nationalists”, has…

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Growing class Resistance Against “Globalization”

  • June 19, 2017
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The term “globalization”, though much used, is extremely misleading, as is its presumed “other”, “nationalism”. This is because both terms are used as blanket terms without any reference to their class content, as if there can be only one kind…

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One Belt, One Road, One Grand Design?

  • June 10, 2017
  • Jayati Ghosh
  • Trade and balance of payments, World Economy
  • 0 Comments

It is a truism of history that rising powers tend to be the ones valorising “free” trade and more open and integrated national economies, just as waning powers tend to turn inwards. So it is no surprise that over the…

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The GDP Elephant

  • June 6, 2017
  • Jayati Ghosh
  • Employment, Finance, Macroeconomics
  • 0 Comments

National income is hard to estimate in India where so much activity and employment is in the informal sector. Much of GDP calculation is not purely “technocratic” but relies on judgments and assumptions. As long as our system of national…

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