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Author: Prabhat Patnaik

Home Prabhat Patnaik
This author has written 375 articles

The RBI Governor’s Unwarranted Remarks

  • January 2, 2015
  • Prabhat Patnaik
  • Finance, Political Economy
  • 0 Comments

The Governor of the Reserve Bank of India, Dr. Raghuram Rajan, while inaugurating the annual conference of the Indian Economic Association at Udaipur on the 27th of December, questioned the wisdom of the debt-waiver scheme for agriculturists, which the UPA…

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The Phenomenal Increase in Wealth Inequality

  • December 16, 2014
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

Credit Suisse brings out a Global Wealth Report every year. The current year’s report takes up for specific discussion the issue of wealth inequality. The term “wealth” in the report covers only household wealth and refers to the value of…

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The Gathering Clouds of Recession

  • November 24, 2014
  • Prabhat Patnaik
  • Fiscal Policy, Macroeconomics, World Economy
  • 0 Comments

The world capitalist economy has been mired in stagnation and high unemployment ever since the 2008 financial crisis. Many were predicting that a turnaround was about to occur, partly because of the fact that the U.S. economy last month showed…

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Turning Citizens into Mendicants

  • November 18, 2014
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The Swachh Bharat Abhiyan, at least the image through which it is expressed, of celebrities descending from limousines in sundry locations to sweep away the “clean garbage” (mainly leaves and such like) which have been carefully deposited there by official…

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Dilma Rousseff’s Victory

  • November 5, 2014
  • Prabhat Patnaik
  • Macroeconomics, Political Economy
  • 0 Comments

The American “mainstream” media have tried to play down Dilma Rousseff’s victory in the Presidential election in Brazil by emphasizing the “narrowness” of her victory-margin, even though they would never be grudging in their acknowledgement of Bush Jr.’s victory which…

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