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Author: Prabhat Patnaik

Home Prabhat Patnaik
This author has written 391 articles

The Scourge of Demonetisation

  • November 15, 2021
  • Prabhat Patnaik
  • Macroeconomics, Political Economy
  • 0 Comments

In the entire history of post-independence India, no single economic measure has been as devastating for the people and as utterly futile in achieving its stated objectives, as the demonetisation of currency notes, of Rs 500 and Rs 1000 denomination,…

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Misconceptions about Agriculture

  • November 8, 2021
  • Prabhat Patnaik
  • Food and Agriculture
  • 0 Comments

There are a number of misconceptions about Indian agriculture which, if not removed forthwith, can have potentially adverse effects on the ongoing kisan agitation against the three farm laws. The first of these is the belief that corporate encroachment on…

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The Homogenization of Education

  • November 1, 2021
  • Prabhat Patnaik
  • Economy and Society
  • 0 Comments

Education in post-independence India was supposed not just to provide knowledge and skills to students, but also to facilitate the process of “nation-building” (to use a clumsy word). Since the concept of an “Indian nation”, although it existed in a…

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Food Stocks, Bio-fuels and Hunger

  • October 25, 2021
  • Prabhat Patnaik
  • Food and Agriculture
  • 0 Comments

The Modi government’s attempt to “explain” away India’s slipping from being 94th on the world hunger index in 2020 to 101st in 2021, a rank well below that of neighbours Pakistan, Nepal or Bangladesh, by questioning the “methodology” of the…

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Measuring Unemployment Trends in India

  • October 18, 2021
  • Prabhat Patnaik
  • Macroeconomics
  • 0 Comments

Unlike in the advanced capitalist countries, a reduction in employment opportunities in India takes the form not of a larger proportion of the work-force being shut out of employment, but of almost everyone having lesser number of days of work.…

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Finance Capital and the World Economy

  • October 11, 2021
  • Prabhat Patnaik
  • Finance
  • 0 Comments

The period of neo-liberalism witnesses an increase in the share of economic surplus in total output both in individual countries and also for the world as a whole. This is because the “opening” up of the economy to freer trade…

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Peasants and the Revolution

  • October 4, 2021
  • Prabhat Patnaik
  • Political Economy
  • 0 Comments

Marxist theory develops with changing times, as capitalism itself develops, which is why it remains a living doctrine. On the question of the role of the peasantry in the revolutionary process that leads to the transcendence of capitalism, there have…

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IMF’s Issue of Fresh SDRs

  • September 27, 2021
  • Prabhat Patnaik
  • Finance
  • 0 Comments

The International Monetary Fund has announced a fresh issue of $650 billion Special Drawing Rights in August which would be distributed among member countries in proportion to their IMF quotas. This amount is less than what had been demanded by…

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The Unravelling of the Modi Arrangement

  • September 20, 2021
  • Prabhat Patnaik
  • Political Economy
  • 0 Comments

Liberal commentators see Modi’s rise as being caused exclusively by the ascendancy of Hindutva. But they never explain why Hindutva should suddenly acquire this ascendancy. If this ascendancy is traced to the demolition of the Babri Masjid, then why two…

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Everything for Sale

  • September 13, 2021
  • Prabhat Patnaik
  • Political Economy
  • 0 Comments

Everywhere in the world people got vaccinated against the Covid-19 virus without having to pay a penny, but not in India. Everywhere in the world, historic landmarks that define a nation, that constitute the warp and woof of a nation’s…

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