For economists, the Great Recession, the worst crisis the world economy has seen since the Great Depression of the 1930s, has highlighted the need for plurality in macroeconomics education. Ironically, however, there is a move towards greater insularity from alternative…
Billionaire financier George Soros has set financial markets aflutter by suggesting that a new world financial crisis is in the offing. In a speech he gave recently to a think-tank, he underscored the outflow of finance capital from the third…
G.K.Chesterton has a well-known detective story involving Father Brown called “The Invisible Man”, where “invisibility” is supposed to characterize the postman: one is so used to seeing the postman come and go that one scarcely ever notices him. “Invisibility” in…
With the comical cuts in oil prices in India, an international comparison with neighbouring countries shows that the petrol and diesel prices in India are the highest in the region. While a rise in crude oil prices is borne by…
There is no doubt that President Trump is upending global trade. He has unleashed a trade war with China as well as with some of the US’ s purported allies, using grounds of “threats to national security” to impose tariffs…
Donald Trump’s leaving the G-7 summit without budging an iota on protectionism is indicative of the disunity among the leading capitalist countries on the strategy to overcome the capitalist crisis. Trump has decided that the U.S. would go its own…
From the very beginning there has always been a demand for undoing bank nationalization in India. This demand naturally gathered momentum with the adoption of neo-liberal policies. It was completely unacceptable to international finance capital that the bulk of the…
The rupee, which has been sliding in value for some time, has depreciated sharply in recent weeks, giving some cause for concern. The depreciation is largely against the rising dollar, relative to which its value has fallen by more than…
With the GDP estimates for the fourth quarter of 2017-18 placing growth relative to the corresponding quarter of the previous year at 7.7 per cent, talk of India being the world’s fastest growing economy has revived. Moreover, since the year-on-year…
The Modi government is celebrating four years in office with great fanfare. The fact that these four years have unleashed an unparalleled process of social and political retrogression in the country is well-known and need not detain us here. Our…
