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Yearly Archives: 2021

Home 2021

Equality and Scarcity

  • August 9, 2021
  • Prabhat Patnaik
  • Political Economy
  • 0 Comments

Many would remember that the Soviet Union and other Eastern European socialist countries used to be characterized by long queues of consumers for several commodities. This was a source of much derision in the West and was attributed to the…

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A Blot on the Nation

  • August 6, 2021
  • Prabhat Patnaik
  • Economy and Society
  • 0 Comments

The Unlawful Activities (Prevention) Act is a blot on the nation. In no nation reputed to be civilized is there a law that allows the State to pick up literally anybody and keep the person in jail for years, without…

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Invitation to a symposium in honour of Professor Irfan Habib on his 90th birthday

  • August 5, 2021
  • Macroscan Team
  • Development Economics
  • 0 Comments

Sahmat, Social Scientist and Tulika Books invite you to a symposium in honour of Professor Irfan Habib on his 90th birthday IN DEFENCE OF HISTORY Thursday, 12 August 2021, 6.30 to 8.30 pm (IST) SPEAKERS Romila Thapar Amiya Kumar Bagchi Aditya Mukherjee…

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Announcement for ‘Editor, Gender and Development Journal’ for Circulation

  • August 4, 2021
  • Macroscan Team
  • Development Economics
  • 0 Comments

The Journal Gender and Development is looking for an Editor Oxfam India is now part of a southern consortium of Oxfams (Turkey, Colombia, South Africa, Mexico and Brazil being the other Oxfams in the consortium) which will host the Gender…

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Three Decades of Economic Liberalization

  • August 2, 2021
  • Prabhat Patnaik
  • Macroeconomics
  • 0 Comments

It is thirty years since India adopted neo-liberal policies in 1991, though some would date their introduction even earlier to 1985. Newspapers are full of assessments of the impact of these policies on the economy, and liberalizers from Manmohan Singh…

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The Forex Bonanza

  • July 27, 2021
  • C. P. Chandrasekhar and Jayati Ghosh
  • Finance
  • 0 Comments

On 16 July 2021 India’s foreign exchange reserves stood at $612.7 billion. That was almost 30 per cent higher than its level of $475.6 billion at the end of March 2020, when the effects of the pandemic began to be…

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The Neoliberal Reforms of 1991 didn’t Work as Claimed

  • July 26, 2021
  • Jayati Ghosh
  • Macroeconomics
  • 0 Comments

There is a common trope, fed especially to generations born after 1991, that economic progress and modernization in India really occurred only after ‘liberalizing’ economic reforms were introduced three decades ago. This is a travesty of the truth. Certainly, conditions…

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The Nationalisation of Banks in 1969

  • July 26, 2021
  • Prabhat Patnaik
  • Finance
  • 0 Comments

On July 19, 1969, 14 major banks were nationalised in the country. Today, after 52 years there is some talk again of privatising the nationalised banks, which naturally raises the question: why were banks nationalised at all? The answer to…

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Vaccines: Europe will regret privileging profits over people

  • July 24, 2021
  • Jayati Ghosh
  • World Economy
  • 0 Comments

For a while this spring, it seemed – at least to European residents – that the vaccine nationalism that had led European governments to procure vaccines that had been rapidly produced with government support and fast-tracked official approval, had paid…

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The Global Minimum Corporate Tax: Not high enough, not fair enough

  • July 23, 2021
  • C. P. Chandrasekhar
  • World Economy
  • 0 Comments

Following years of negotiations, most nations in the world now appear to be willing to align their corporate tax regimes to prevent multinationals from evading taxation in the jurisdictions in which they operate. They have now tentatively agreed on the…

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