As COVID-19 infection rates fall and demand revives the world over, the new global fear is that persisting supply chain disruptions could trigger inflationary trends that would be more than transitory. In India, however, the consumer price index that was…
Junior Minister for Rural Development in the central government, Sadhvi Niranjan Jyoti, ruled out in parliament any increase in the amount of monthly pension given by the centre to the elderly under the National Social Assistance Programme (The Telegraph, August…
Date: Sep 4, 2021 Time: 06:30 PM IST Speakers: Prabhat Patnaik, Professor Emeritus, Jawaharlal Nehru University C. P. Chandrasekhar, Professor of Economics (retired), Jawaharlal Nehru University Jayati Ghosh, Professor of Economics, University of Massachusetts, Amherst. Moderated by Prof. Surajit Mazumdar,…
August 2021 6.14 x 9.21 inches (xx+292) 312 pages Hardback ISBN: 978-81-947175-4-6 Rs 900 The Covid-19 pandemic has generated human suffering and economic devastation across the world – but these reflect not just the effects of the disease but the…
Simple analogies can be deceptive, even dangerous. An example is the analogy often drawn between the household and the state. Just as a household cannot “live beyond its means” for ever, and sooner or later its creditors not only stop…
At long last and more than a year after the need for such a scheme became obvious a parliamentary committee has recommended the institution of an urban employment scheme at the national level. The Standing Committee on Labour stated in…
It is thirty years since India adopted neo-liberal policies in 1991, though some would date their introduction even earlier to 1985. Newspapers are full of assessments of the impact of these policies on the economy, and liberalizers from Manmohan Singh…
There is a common trope, fed especially to generations born after 1991, that economic progress and modernization in India really occurred only after ‘liberalizing’ economic reforms were introduced three decades ago. This is a travesty of the truth. Certainly, conditions…
John Maynard Keynes was by far the most insightful bourgeois economist of the twentieth century. He could not afford to be a mere apologist of the system, since he was writing in the midst of the Great Depression and in…
In terms of economic policy, the Modi government must be perhaps the most conservative in the world. During the entire period of the pandemic when millions of people lost their incomes and livelihood support, most governments around the world provided…
