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Economy and Society

Home Economy and Society

Of Polls, Politics and Punditry

  • November 30, 2015
  • Macroscan Team
  • Economy and Society, Services
  • 0 Comments

The remarkable and resounding victory of the Grand Alliance in the recent assembly elections in Bihar may well mark a turning point in Indian politics, after such a comprehensive rejection by the state’s electorate of the politics of hate and…

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The Stench of Counter-revolution

  • November 13, 2015
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The closest friend I had in my childhood was a boy who came from a dalit family. He lived in a little bustee near our house in the small mofussil town in Odisha where I spent my early years. He…

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The Nobel Committee for Economics Makes Amends, at Least for Now

  • October 16, 2015
  • C. P. Chandrasekhar
  • Economy and Society
  • 0 Comments

The award of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2015 to Angus Deaton, has once again revived discussion on the nature and purpose of the ‘Economics Nobel’. According to the Royal Swedish Academy…

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The Question of Learning

  • October 15, 2015
  • Jayati Ghosh
  • Economy and Society, Services
  • 0 Comments

It was just over a year ago, on Gandhi Jayanti 2014, that the schoolgirls of the Senior Secondary School of the town of Bhim, Rajasthan, went on strike. The young, fresh-faced and neatly groomed girls were far removed from anyone’s…

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Cutting off Aid to India is more about Selfishness than Sense

  • October 12, 2015
  • Jayati Ghosh
  • Economy and Society, Poverty
  • 0 Comments

Now that the UK is set to stop its foreign aid to India at the end of this year, it is worth considering what message this sends not just to India but to the wider world. It can be justified as…

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The State as Fiefdom

  • October 6, 2015
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The Safdar Hashmi Memorial Trust (SAHMAT) is named after a young Left-wing theatre activist who was beaten to death by goons while performing a street play in support of striking workers in Sahibabad on the outskirts of Delhi. It is…

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Giving Water Workers their Due

  • September 11, 2015
  • Jayati Ghosh
  • Economy and Society
  • 0 Comments

It is hardly necessary to state how essential water is for our survival and quality of existence, for economic activity, and so on. Indeed, this has now become a policy issue of some import. It is not just that drinking…

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Educational Matters

  • September 4, 2015
  • Prabhat Patnaik
  • Economy and Society, Services
  • 0 Comments

I don’t know about the sciences, but in the social sciences in the old days every undergraduate student in Oxford and Cambridge was required to write two essays per week which were then discussed with the tutors. It was hard…

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From “Development” to “Poverty Alleviation”: What have we lost?

  • August 19, 2015
  • Jayati Ghosh
  • Economy and Society, Poverty
  • 0 Comments

There was a time when economists were inevitably concerned with development. Early economists of the 16th and 17th centuries to those of the mid 20th century were all essentially concerned with understanding the processes of economic growth and structural change:…

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Black Notes in the Stock Market

  • August 17, 2015
  • C. P. Chandrasekhar
  • Economy and Society, Finance
  • 0 Comments

On 27 July, 2015 the BSE Sensex dropped by 551 points relative to its previous closing value. The index fell by a further 102 points the subsequent day. Such single-day declines need not be a cause for concern. The stock…

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