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Political Economy

Home Political Economy

Trump Versus the Rest

  • June 18, 2018
  • Prabhat Patnaik
  • Political Economy, World Economy
  • 0 Comments

Donald Trump’s leaving the G-7 summit without budging an iota on protectionism is indicative of the disunity among the leading capitalist countries on the strategy to overcome the capitalist crisis. Trump has decided that the U.S. would go its own…

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A Tale of Two Discourses

  • April 19, 2018
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The Hindutva bubble has clearly burst. Not that efforts will not be made to form another bubble before the 2019 elections, but the one that had formed in the run-up to the 2014 elections and had carried the BJP to power is…

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Commoditization and the Public Sphere

  • April 2, 2018
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

Central to liberalism is a distinction between two spheres, the sphere of the market (or more generally of the economy) where individuals and firms interact to exchange their wares; and the sphere of public discourse where individuals interact as citizens…

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Trump’s Protectionism

  • March 26, 2018
  • Prabhat Patnaik
  • Political Economy, Trade and balance of payments
  • 0 Comments

On March 8 Donald Trump made an announcement which according to many has the potential of starting a global trade war. He announced that the U.S. would be raising tariffs on imported steel by 25 percent and tariffs on imported…

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The Importance of Dissatisfaction

  • March 17, 2018
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

In a slave society, one can argue, the interest of the slaves lies in keeping the slave-owner happy, for otherwise he is likely to flog and whip them mercilessly which would cause them great agony. Likewise in a caste society,…

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The UGC Directive on Autonomous Colleges

  • March 12, 2018
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

Higher education in India is facing a twin danger today. One is its commoditization, by which is meant not just the fact that higher education itself is becoming a commodity but also that the products of higher education, i.e. those…

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The Tripura Election Verdict

  • March 7, 2018
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

Two clear conclusions emerge from the Tripura election verdict. First, it is exceedingly difficult for an opposition party that has an incumbent government in any state to withstand the onslaught of the BJP. This party brings to the electoral arena…

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The Destruction of a University

  • February 28, 2018
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

For more than two years now, Jawaharlal Nehru University in New Delhi has been in a state of turmoil. There is reason to conclude that this turmoil is no accident: it is the result of a set of decisions imposed…

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A Dangerous Period

  • February 16, 2018
  • Prabhat Patnaik
  • Political Economy, World Economy
  • 0 Comments

For over half a century after the second world war, fascism had ceased to be a serious political force anywhere. There were no doubt many authoritarian, even murderous, regimes, and military dictatorships, especially in the third world, often installed through…

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The Problem with the Indian Left

  • December 27, 2017
  • Prabhat Patnaik
  • Political Economy
  • 0 Comments

The current problem with the Indian Left, and in this term I include all sections of the Left, from the so-called “parliamentary Left” to the so-called “revolutionary Left”, is in my view, its lack of appreciation of the dialectics between “reform” and…

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