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 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…
The last time the Indian economy had faced a serious macro-economic disruption, as distinct from the more or less steady poverty-enhancement that accompanies its growth performance, was in 2013, when the rupee had depreciated sharply. The fact that since then…
In the wake of the take-over of Flipkart by Walmart, one is once again hearing an argument which one has often come across before, namely that having a large multinational in this sphere, which can do global sourcing for its…
Ashok Mitra who passed away on May1, 2018, was the doyen among Left intellectuals in the country, held in the highest esteem by one and all for his absolute integrity, his outstanding intellect and his commitment to the cause of…
Ashok Mitra’s achievements in both academia and public life made him exceptional Ashok Mitra who passed away on May 1, was a person of renaissance versatility. A major writer of prose in Bengali, he published several volumes of essays and…
The Hindutva bubble has clearly burst. Not that efforts will not be made to form another bubble before the 2019 elections, but the one that had formed in the run-up to the 2014 elections and had carried the BJP to power is…
Orthodox economics has for long been haunted by the prospect that the growth in foodgrains output in the world economy would not be sufficiently high to sustain the growing population of the world. Malthus was an early exponent of this…
Central to liberalism is a distinction between two spheres, the sphere of the market (or more generally of the economy) where individuals and firms interact to exchange their wares; and the sphere of public discourse where individuals interact as citizens…
On March 8 Donald Trump made an announcement which according to many has the potential of starting a global trade war. He announced that the U.S. would be raising tariffs on imported steel by 25 percent and tariffs on imported…
