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Monthly Archives: October 2022

Home 2022 October

Whatever Happened to Liz Truss?

  • October 31, 2022
  • Prabhat Patnaik
  • Political Economy, World Economy
  • 0 Comments

The most intriguing question with regard to Liz Truss’ resignation as the prime minister of Britain after a mere 44 days in office is this: what is it about her economic programme that the “market” (read “finance capital”) found unpalatable?…

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Hunger and Poverty

  • October 24, 2022
  • Prabhat Patnaik
  • Poverty
  • 0 Comments

The Global Hunger Index (GHI) for 2022 has just come out, which shows India occupying the 107th position among the 121 countries for which the index is prepared (countries where hunger is not a noteworthy problem are left out of…

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The OPEC’s Decision to Cut Oil Output

  • October 17, 2022
  • Prabhat Patnaik
  • Industry
  • 0 Comments

What is called OPEC+, that is the 13 members of the Organisation of Petroleum Exporting Countries (OPEC) together with 11 other petroleum exporting countries led by Russia, decided on October 5 to cut their oil production by 2 million barrels…

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The Continuing Tax Gift to Big Indian Companies

  • October 4, 2022
  • C. P. Chandrasekhar and Jayati Ghosh
  • Macroeconomics
  • 0 Comments

It is well known that indirect taxes fall disproportionately on the poor, and therefore a tax regime that relies mostly on such taxes is both unjust and inefficient in terms of not mopping up the excess profits and incomes of…

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The New Threat on the Foreign Exchange Front

  • October 3, 2022
  • Prabhat Patnaik
  • Political Economy, World Economy
  • 0 Comments

On September 23, the value of the rupee vis-à-vis the dollar fell to a new low: it crossed 81 to a dollar after some weeks of relative stability when it hovered between 79 and 80. And it fell despite the…

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