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Author: Prabhat Patnaik

Home Prabhat Patnaik
This author has written 391 articles

Ashok Mitra

  • May 3, 2018
  • Prabhat Patnaik
  • Development Economics
  • 0 Comments

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…

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Wisdom, for the People

  • May 3, 2018
  • Prabhat Patnaik
  • Development Economics
  • 0 Comments

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…

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A Tale of Two Discourses

  • April 19, 2018
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

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…

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The Prospect of Food Shortage

  • April 9, 2018
  • Prabhat Patnaik
  • Food and Agriculture, Poverty
  • 0 Comments

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…

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Commoditization and the Public Sphere

  • April 2, 2018
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

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…

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Trump’s Protectionism

  • March 26, 2018
  • Prabhat Patnaik
  • Political Economy, Trade and balance of payments
  • 0 Comments

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…

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Technological Change and Impoverishment

  • March 19, 2018
  • Prabhat Patnaik
  • Employment, Poverty
  • 0 Comments

The fact that the socio-economic effects of technological change depend upon the property relations within which such change occurs is obvious but often not appreciated. Consider a simple example. Suppose on a certain area 100 labourers were engaged for harvesting…

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The Importance of Dissatisfaction

  • March 17, 2018
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

In a slave society, one can argue, the interest of the slaves lies in keeping the slave-owner happy, for otherwise he is likely to flog and whip them mercilessly which would cause them great agony. Likewise in a caste society,…

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The UGC Directive on Autonomous Colleges

  • March 12, 2018
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

Higher education in India is facing a twin danger today. One is its commoditization, by which is meant not just the fact that higher education itself is becoming a commodity but also that the products of higher education, i.e. those…

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The Tripura Election Verdict

  • March 7, 2018
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

Two clear conclusions emerge from the Tripura election verdict. First, it is exceedingly difficult for an opposition party that has an incumbent government in any state to withstand the onslaught of the BJP. This party brings to the electoral arena…

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