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Economy and Society

Home Economy and Society

Neo-Liberal Capitalism and its Crisis

  • October 24, 2017
  • Prabhat Patnaik
  • Economy and Society, Political Economy, World Economy
  • 0 Comments

“Neo-liberal capitalism” is the term used to describe the phase of capitalism where restrictions on the global flows of commodities and capital, including capital in the form of finance, have been substantially removed. Since such removal happens under pressure from…

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The Current Upsurge of Fascism

  • October 18, 2017
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

There is at present an upsurge of fascism all over the world, though it is often described as “nationalism” or “Right-wing populism”. Such terms however are misleading, and reflect a neo-liberal mindset. The pejorative use of the term “nationalism” serves…

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The De-digitisation of India

  • October 12, 2017
  • Jayati Ghosh
  • Economy and Society, Macroeconomics
  • 0 Comments

So it’s official: cash use is back in almost full force in the Indian economy. Cash withdrawals from ATM machines – a reasonable if incomplete proxy for the use of cash in the economy – are nearly back to the…

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The Growing Income Inequality

  • October 5, 2017
  • Prabhat Patnaik
  • Economy and Society, Poverty
  • 0 Comments

Thomas Piketty and Lucas Chancel have just written a paper as part of their work for the World Inequality Reportdiscussing the movement of income inequality in India. And their conclusion is that the extent of income inequality in India at present…

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Winner-take-all Political Funding

  • September 29, 2017
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

It’s true: there’s a lot to be outraged about in India these days. The proliferation of heinous occurrences and very problematic policy choices is alarming, and the misinformation spread through official and unofficial media often makes things worse. All this…

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Agrarian Conditions and Recent Peasant Struggles in Sikar

  • September 25, 2017
  • Prabhat Patnaik
  • Economy and Society, Food and Agriculture
  • 0 Comments

Sikar, situated in Shekhawati region of Rajasthan, has a glorious history of peasant struggles. From 1920s through 1960s, peasants of Sikar fought successfully against the jagirdars. Sikar had an extremely oppressive jagirdari regime under the Raja of Sikar and peasants…

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Deras and Evangelicals

  • September 20, 2017
  • Jayati Ghosh
  • Economy and Society
  • 0 Comments

At first sight, it seems completely inexplicable: a man convicted of rape of his own young followers in at least two cases and believed to have committed many more; also accused of murder in a case yet to be decided…

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The Epidemic of Vigilantism

  • September 20, 2017
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

My wife and I retired seven years ago after teaching in Jawaharlal Nehru University for nearly four decades, and neither of us gets a pension.The interest on our joint lifetime savings largely sustains us. This entire amount had to be…

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Sanitation Workers in India

  • September 8, 2017
  • Jayati Ghosh
  • Economy and Society, Employment
  • 0 Comments

How many deaths will it take till they know that too many people have died? In just 35 days between mid-July and mid-August this year, in the capital city of Delhi alone, ten sanitation workers died while they were engaged…

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America’s Turn Towards Fascism and Its Contradictions

  • September 4, 2017
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The fact that fascist elements in the U.S. have started raising their sinister head and that Donald Trump has started showing his open sympathy for such elements is borne out by several recent incidents. On Saturday August 12, at a…

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