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Author: Prabhat Patnaik

Home Prabhat Patnaik
This author has written 391 articles

The Abolition of the NDC

  • January 11, 2016
  • Prabhat Patnaik
  • Political Economy
  • 0 Comments

The Narendra Modi government is winding up the National Development Council, an apex body consisting of the Prime Minister, the concerned central cabinet ministers, and all state chief ministers together with their concerned cabinet colleagues, which supervised the planning process…

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Imperialism’s New Trade-negotiating Strategy

  • December 28, 2015
  • Prabhat Patnaik
  • Economy and Society, Political Economy, Trade and balance of payments
  • 0 Comments

The WTO has been a major weapon used by the advanced countries to roll back the structures that the third world dirigiste regimes which came into existence after decolonization had erected for achieving a degree of self-reliance. The TRIPS agreement…

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The Seventh Pay Commission Report

  • December 14, 2015
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The central government sets up a Pay Commission about once every ten years to recommend what the structure of salaries, allowances and pensions for its current and retired employees should be. The seventh Pay Commission had been set up accordingly…

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The Stench of Counter-revolution

  • November 13, 2015
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The closest friend I had in my childhood was a boy who came from a dalit family. He lived in a little bustee near our house in the small mofussil town in Odisha where I spent my early years. He…

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The Slogan of “Make in India”

  • November 10, 2015
  • Prabhat Patnaik
  • Political Economy, Poverty, World Economy
  • 0 Comments

At first sight the “Make in India” campaign appears innocuous, a pipe-dream perhaps but a rather harmless one. If the world’s big companies come to “make” things in India for selling all over the world, which is the thrust of…

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The State as Fiefdom

  • October 6, 2015
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The Safdar Hashmi Memorial Trust (SAHMAT) is named after a young Left-wing theatre activist who was beaten to death by goons while performing a street play in support of striking workers in Sahibabad on the outskirts of Delhi. It is…

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The Devaluation of the Yuan

  • September 8, 2015
  • Prabhat Patnaik
  • Finance, World Economy
  • 0 Comments

The Chinese central bank’s decision last week to let the yuan depreciate in three stages by almost 4 percent against the U.S. dollar, was officially explained as a move towards greater market determination of its exchange rate. Though this explanation…

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“De-Linking” and Domestic Reaction

  • September 7, 2015
  • Prabhat Patnaik
  • Political Economy, World Economy
  • 0 Comments

There is a strong view in certain Left circles, especially in certain European Left circles, that any de-linking from global capitalism conduces to a promotion of domestic reaction. Of course, even in Europe this is not necessarily the dominant view…

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Educational Matters

  • September 4, 2015
  • Prabhat Patnaik
  • Economy and Society, Services
  • 0 Comments

I don’t know about the sciences, but in the social sciences in the old days every undergraduate student in Oxford and Cambridge was required to write two essays per week which were then discussed with the tutors. It was hard…

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The Debate on GST

  • August 19, 2015
  • Prabhat Patnaik
  • Fiscal Policy, Political Economy
  • 0 Comments

The debate so far on the Goods and Services Tax (GST) has been largely concerned with the question of compensation to the states for the losses they may suffer owing to the transition to a GST regime. The losses to…

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