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Economy and Society

Home Economy and Society

Women’s work in India

  • September 10, 2018
  • Jayati Ghosh
  • Economy and Society, Employment
  • 0 Comments

One of the difficulties with discussions on employment in India is the tendency to conflate employment and work. But employment is only that part of work that is remunerated, and in India a vast amount of work is actually unpaid…

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Emergency 2.0

  • August 30, 2018
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

For many Indians, the period of the Emergency in the mid 1970s represents the blackest period for Indian democracy since Independence. As a student at University during that time, seeing the repression and fear all around and knowing some of…

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Changes in the Structure of Employment in India

  • August 14, 2018
  • Vikas Rawal
  • Economy and Society, Employment
  • 0 Comments

Slow growth of employment has been a remarkable feature of economic change in India during the post-liberalisation period. Economic growth over this period has been highly uneven across different sectors and regions. The rate of growth of agriculture and manufacturing…

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Begging and Criminality

  • August 13, 2018
  • Prabhat Patnaik
  • Economy and Society, Poverty
  • 0 Comments

On Wednesday August 8, the Delhi High Court decriminalized begging in the capital. In the course of its hearing it had raised the question how begging could be an offence in a country where the government was unable to provide…

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Ranking Universities

  • August 6, 2018
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The proposal to eliminate the University Grants Commission and to tighten political control over the higher education system in India, has been mooted at the behest of Narendra Modi who is apparently concerned about the dearth of Indian names among…

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Capitalism’s Discourse on “Development”

  • July 30, 2018
  • Prabhat Patnaik
  • Development Economics, Economy and Society, Poverty
  • 0 Comments

Capitalism’s discourse on “development” which has become quite influential all over the third world in the neo-liberal period proceeds as follows: (i) “development” must consist in shifting the work-force from the traditional (petty production) sector which is overcrowded with low…

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The State of The Economy

  • July 23, 2018
  • Prabhat Patnaik
  • Economy and Society, Finance, Macroeconomics, Trade and balance of payments
  • 0 Comments

Newspaper headlines over the last few days have highlighted three facts which point to the current abysmal state of the Indian economy. The first relates to inflation, where the June 2018 wholesale price index was 5.77 percent above that of…

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Has there been an MSP hike for Kharif Crops?

  • July 16, 2018
  • Prabhat Patnaik
  • Economy and Society, Food and Agriculture
  • 0 Comments

Much has been written by now exposing the fraudulence of the government’s claims of a “historic” rise in the Minimum Support Price for kharif crops. It has been pointed out for instance that while the Swaminathan Committee had recommended that…

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The Proposed Abolition of the UGC

  • July 9, 2018
  • Prabhat Patnaik
  • Development Economics, Economy and Society
  • 0 Comments

The Modi government is bringing in legislation in the coming Monsoon session of the Parliament to abolish the University Grants Commission. The UGC has two important roles at present. One is the distribution of funds to colleges and universities; this…

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Why didn’t Socialism have Over-production Crises?

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

Socialism has collapsed over large tracts of the globe. Where it still exists, the economic regimes have undergone considerable reforms. Not surprisingly therefore the old socialist regimes are objects of much vilification these days. While capitalism, understandably, has a vested…

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