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Political Economy

Home Political Economy

One Hundred Years of Indian Communism

  • October 18, 2020
  • Prabhat Patnaik
  • Political Economy
  • 0 Comments

A theoretical analysis of the prevailing situation, from which the proletariat’s relationship with different segments of the bourgeoisie and the peasantry is derived, and with it the Communist Party’s tactics towards other political forces, is central to the Party’s praxis.…

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The Move towards A De Facto Unitary State

  • October 5, 2020
  • Prabhat Patnaik
  • Macroeconomics, Political Economy
  • 0 Comments

Federalism is one of the basic features of the Indian Constitution. In the Constituent Assembly Professor K.T.Shah wanted the term “federal”, together with the term “secular”, included in the Preamble itself, but Dr.Ambedkar rejected it on the grounds that the…

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Modi’s Agriculture Bills push imperialist agenda

  • September 28, 2020
  • Prabhat Patnaik
  • Macroeconomics, Political Economy
  • 0 Comments

The two bills rammed through parliament last week were objectionable in every conceivable sense. The very fact of their being rammed through the Rajya Sabha, without being put to vote despite demands for a division, was grossly anti-democratic. The fact…

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The Protracted Crisis of Capitalism

  • August 31, 2020
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

There is a commonly-held view that the current crisis in capitalism, which has resulted in a massive output contraction and increase in unemployment, is because of the pandemic; and that once the pandemic gets over, things will go back to…

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An Elementary Misconception about the Hindu Rashtra

  • August 24, 2020
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The BJP as we know is a Hindu-supremacist party. It is the political front of the Rashtriya Swayamsevak Sangh, a fascistic organisation which believes in establishing a Hindu rashtra. Though the BJP itself cannot openly espouse this vision because of…

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The Hindrance to a New Deal Today

  • July 14, 2020
  • Prabhat Patnaik
  • Finance, Political Economy
  • 0 Comments

What had been only a suggestion by several prescient members of the capitalist establishment till now, has become official policy, at least in Britain where Prime Minister Boris Johnson has announced that his government will undertake public investment to stimulate…

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A Tale of Two Countries

  • July 13, 2020
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

On May 25 in Minneapolis, an African-American arrestee George Floyd was choked to death by a white police officer pressing his knee against Floyd’s neck. The entire America erupted in protests, which targeted not just contemporary racism but even historical…

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The World at Crossroads

  • June 2, 2020
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The Financial Times of London is one of the most “respectable” bourgeois newspapers in the world. Even this newspaper has now come to recognise something which the Left has been saying for quite some time. In an editorial on April…

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A Dangerous Courses

  • May 11, 2020
  • Prabhat Patnaik
  • Finance, Political Economy
  • 0 Comments

Despite repeated demands by the states the Centre still has not released what is their legitimate due, namely the compensation for their revenue loss owing to the introduction of GST; this has not been paid since August. Meanwhile the Covid-19…

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The End of Globalization

  • May 8, 2020
  • Prabhat Patnaik
  • Finance, Political Economy
  • 0 Comments

In an editorial on April 3, The Financial Times of London wrote: “Radical reforms in reversing the prevailing the policy direction of the last four decades will need to be put on the table. Governments will have to accept a…

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