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Economy and Society

Home Economy and Society

Neo-Liberal Capitalism and India’s Nationhood

  • January 30, 2017
  • Prabhat Patnaik
  • Economy and Society, Poverty
  • 0 Comments

India’s anti-colonial struggle was not just about getting independence from foreign rule. In fact, this struggle would not even have succeeded if it had been only about that. It was simultaneously, and indeed had to be, an effort to forge…

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No Digital Base for a Cashless Economy

  • January 27, 2017
  • C. P. Chandrasekhar
  • Economy and Society, Political Economy
  • 0 Comments

Prime Minister Modi is selling the idea that the engineered cash shortage that resulted from the disastrous demonetisation exercise is an opportunity to force-march India to being what is inelegantly termed a “less cash” society. In his view, that transition,…

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Understanding the American Right

  • October 26, 2016
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

A visit to the USA at the height of the Presidential election season, in a nation obsessed with polls that are just a few weeks away, creates simultaneous sensations of fascination, dismay and even horror. Even from a distance, the…

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The Growing Resistance against Globalization

  • October 21, 2016
  • Prabhat Patnaik
  • Economy and Society, World Economy
  • 0 Comments

All across the world, from the United States to Britain to Europe to China, a huge resistance is building up against globalization. True, this resistance is not self-consciously aimed against globalization per se; in different countries it focuses on different…

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Recognising Different Skills and their Uses

  • September 14, 2016
  • Jayati Ghosh
  • Economy and Society, Employment
  • 0 Comments

Skill development and training are two terms that are greatly beloved of policy makers – and indeed of analysts in general – as they seem to present easy solutions to so many labour market concerns. It is commonplace in India,…

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The Flawed Premises of GST

  • August 30, 2016
  • Macroscan Team
  • Economy and Society, Fiscal Policy
  • 0 Comments

The author in this article takes a second look at the biggest tax reform in a long time and points out where the rationale for the goods and services tax is flawed. Click here to read the full article.

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Managing the Corporate-communal Alliance

  • August 2, 2016
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The corporate-communal alliance that came to power after the 2014 elections needs careful management by its promoters, because within each of the partners of the alliance there are elements that are not altogether comfortable with the other. Within the Hindutva…

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Globalization and the World’s Working People

  • July 11, 2016
  • Prabhat Patnaik
  • Economy and Society, Political Economy, World Economy
  • 0 Comments

Globalization was advertised as being beneficial for all, as constituting a bold step towards universal economic betterment. This was clearly wrong; and it was not just Left economists, but even “mainstream” economists like Paul Samuelson who had said so at…

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Broken Promises to India’s Youth

  • June 10, 2016
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

Two years ago, when Narendra Modi led the BJP to a huge victory in the general elections, there was little doubt that the youth of India, and especially those in the Hindi heartland, had played a significant role in this…

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Two Tales of Contrast

  • May 26, 2016
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

Now that we had had two years of the Modi government, it is only natural to look back at what has changed. So we are being treated to numerous assessments of the performance thus far, which obviously vary according to…

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