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Economy and Society

Home Economy and Society

The Invisible Class

  • June 20, 2018
  • Prabhat Patnaik
  • Economy and Society, Macroeconomics
  • 0 Comments

G.K.Chesterton has a well-known detective story involving Father Brown called “The Invisible Man”, where “invisibility” is supposed to characterize the postman: one is so used to seeing the postman come and go that one scarcely ever notices him. “Invisibility” in…

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The Government is lying to you about the Reasons behind High Cost of Diesel & Petrol

  • June 20, 2018
  • Rohit Azad
  • Economy and Society, Macroeconomics
  • 0 Comments

With the comical cuts in oil prices in India, an international comparison with neighbouring countries shows that the petrol and diesel prices in India are the highest in the region. While a rise in crude oil prices is borne by…

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The Push for Privatizing Banks

  • June 11, 2018
  • Prabhat Patnaik
  • Economy and Society, Finance
  • 0 Comments

From the very beginning there has always been a demand for undoing bank nationalization in India. This demand naturally gathered momentum with the adoption of neo-liberal policies. It was completely unacceptable to international finance capital that the bulk of the…

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The Misplaced Growth Discourse

  • June 5, 2018
  • C. P. Chandrasekhar and Jayati Ghosh
  • Economy and Society, Monetary Policy
  • 0 Comments

With the GDP estimates for the fourth quarter of 2017-18 placing growth relative to the corresponding quarter of the previous year at 7.7 per cent, talk of India being the world’s fastest growing economy has revived. Moreover, since the year-on-year…

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Curbing Child Rape: Are we barking up the wrong tree?

  • May 11, 2018
  • Anamitra Roychowdhury
  • Development Economics, Economy and Society
  • 0 Comments

The ghastly incident of gang rape and murder of an eight-year old child in Kathua has shaken the conscience of the nation. The outpouring of anger – revealed in the spate of protests – from different parts of the country…

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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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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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State or Market? : India’s Telecom Wars

  • March 17, 2018
  • C. P. Chandrasekhar
  • Economy and Society, Industry
  • 0 Comments

As the shakeout in the Indian mobile telephony market continues, price wars are being complemented by verbal wars. The most recent spat involves the Telecom Regulatory Authority of India as well. Its latest revised tariff order has been attacked by…

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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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