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Author: Prabhat Patnaik

Home Prabhat Patnaik
This author has written 393 articles

A Retrograde Paradigm Shift in Education

  • September 9, 2020
  • Prabhat Patnaik
  • Economy and Society
  • 0 Comments

Since the totality of speech consists of both what is said and what is not said, for understanding the new National Education Policy (NEP) we have to look both at its words and its silences. Then we cannot escape the…

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GST Compensation: Centre’s bizarre stand

  • September 7, 2020
  • Prabhat Patnaik
  • Macroeconomics
  • 0 Comments

When the Goods and Services Tax was introduced, and the states virtually gave up the power to levy indirect taxes which they had enjoyed under the constitution, the centre had solemnly promised that it would compensate them for a period…

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Hindutva Politics and the Indian Economy: An interview with Prabhat Patnaik

  • September 3, 2020
  • Prabhat Patnaik
  • Economy and Society
  • 0 Comments

by Subho Ranjan Dasgupta Question 1 In one of her recent lecture, eminent Historian Romila Thapar, said that the Indian Republic is teetering on the border line. On one side of the border stands the secular Indian Republic and on…

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The Protracted Crisis of Capitalism

  • August 31, 2020
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

There is a commonly-held view that the current crisis in capitalism, which has resulted in a massive output contraction and increase in unemployment, is because of the pandemic; and that once the pandemic gets over, things will go back to…

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An Elementary Misconception about the Hindu Rashtra

  • August 24, 2020
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The BJP as we know is a Hindu-supremacist party. It is the political front of the Rashtriya Swayamsevak Sangh, a fascistic organisation which believes in establishing a Hindu rashtra. Though the BJP itself cannot openly espouse this vision because of…

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Lebanese Portents

  • August 17, 2020
  • Prabhat Patnaik
  • World Economy
  • 0 Comments

The tragic events unfolding in Lebanon are a portent of things to come for the entire third world. Lebanon, a small, highly import-dependent country, has been in the grip of an economic crisis for quite some time as the world…

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Detainees during the Pandemic

  • August 13, 2020
  • Prabhat Patnaik
  • Economy and Society
  • 0 Comments

It is a common practice all over the world that when those incarcerated face a threat to life, the authorities send them home. Even Benito Mussolini had been forced by an international campaign to shift the Italian Communist Leader Antonio…

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New Education Policy: India’s great leap backward

  • August 10, 2020
  • Prabhat Patnaik
  • Economy and Society
  • 0 Comments

In a document like the New Education Policy, one must distinguish platitudes from new provisions, including within the latter even the dropping of old platitudes. Thus phrases like “education is a public good”, “6 per cent of GDP should be…

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Income decline before the Pandemic

  • August 3, 2020
  • Prabhat Patnaik
  • Employment, Food and Agriculture
  • 0 Comments

The pandemic and the lockdown are certainly causing an absolute shrinkage in the Gross Domestic Product of the Indian economy. But these tend to obscure something very serious that was happening even earlier, namely a real income decline for vast…

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What could be wrong with a Fiscal Deficit

  • July 27, 2020
  • Prabhat Patnaik
  • Macroeconomics
  • 0 Comments

I have written about this in the past, but since bad economics comes thick and fast from the representatives of finance capital, especially the Bretton Woods institutions located in Washington DC, there is no harm in my repeating myself. The…

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