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Author: Prabhat Patnaik

Home Prabhat Patnaik
This author has written 375 articles

An Education Policy for Colonising Minds

  • January 1, 2024
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

Imperialist hegemony over the third world is exercised not just through arms and economic might but also through the hegemony of ideas, by making the victims see the world the way imperialism wants them to see it. A pre-requisite for…

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The Vacuity of the Free Trade Argument

  • December 25, 2023
  • Prabhat Patnaik
  • Political Economy, Trade and balance of payments
  • 0 Comments

Imagine a country that is exposed to relatively unrestricted trade. There are two obvious problems that it can face because of this trade policy: the first is a balance of payments problem because its exports are insufficient relative to its…

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Neo-Liberal Falsehoods

  • December 18, 2023
  • Prabhat Patnaik
  • Food and Agriculture, Poverty
  • 0 Comments

Neo-Liberalism propagates a set of outright falsehoods to present itself in a favourable light compared to the preceding dirigiste regime in India. The basic theme is to suggest that under neo-liberalism there has been such an acceleration of the growth…

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Pitfalls of Export-Led Growth

  • December 11, 2023
  • Prabhat Patnaik
  • Macroeconomics, Trade and balance of payments
  • 0 Comments

The wisdom of pursuing a strategy of export-led growth has been discussed among development economists for at least half a century, ever since the so-called East Asian “miracle” started to be contrasted with the comparatively sluggish growth experience of countries…

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The Pervasiveness of Poverty in India

  • November 27, 2023
  • Prabhat Patnaik
  • Finance, Political Economy
  • 0 Comments

One of the striking findings of the Bihar Caste Survey, which bears out what the Left has been asserting for a long time, is that absolute poverty in the country is far more pervasive than what successive governments in India…

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Settler Colonialism under a Shroud of Victimhood

  • November 20, 2023
  • Prabhat Patnaik
  • Development Economics, World Economy
  • 0 Comments

The eighteenth and nineteenth centuries had witnessed the emergence of two different paradigms of colonialism: the first, of which India was the classic example, involved the conquest of countries which had had a history of established central administrations that were…

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The Growing Crisis of Unemployment

  • November 13, 2023
  • Prabhat Patnaik
  • Employment, Political Economy
  • 0 Comments

In an economy like ours where the work-force is not neatly divided into “the employed” and “the unemployed”, and instead there is massive and growing casualisation of work, measuring unemployment is a tricky business. It necessarily means asking a person…

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Western Left and the US-China Contradiction

  • November 6, 2023
  • Prabhat Patnaik
  • Economy and Society, World Economy
  • 0 Comments

Significant segments of the non-Communist Western Left see the developing contradiction between the United States and China in terms of an inter-imperialist rivalry. Such a characterisation fulfils three distinct theoretical functions from their point of view: first, it provides an…

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Fascistic Hostility to Evidence

  • October 30, 2023
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

All fascistic outfits have one common characteristic: they reject outright all evidence that goes against the narrative they spin; and the Hindutva elements in power in India are no exception. Their narrative presents India as the fastest growing economy in…

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Genocide in Gaza

  • October 23, 2023
  • Prabhat Patnaik
  • Development Economics, World Economy
  • 0 Comments

In response to the attack by Hamas on October 7, Israeli forces have not only pounded the Gaza strip with massive bombing, killing nearly 2000 Palestinians and wounding at least 7000 (till Friday night), but have cut off all supplies…

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