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Political Economy

Home Political Economy

Ranking Universities

  • August 6, 2018
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The proposal to eliminate the University Grants Commission and to tighten political control over the higher education system in India, has been mooted at the behest of Narendra Modi who is apparently concerned about the dearth of Indian names among…

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Crop Insurance: Another Dressed Up Scheme

Crop Insurance: Another dressed up scheme

  • August 2, 2018
  • C. P. Chandrasekhar
  • Food and Agriculture, Political Economy
  • 0 Comments

Among the pro-farmer policies that the NDA government claims to have initiated, one often flagged is the modified crop insurance scheme titled Pradhan Mantri Fasal Bima Yojana (PMFBY). Effective as of kharif season 2016, this scheme is supplemented with the…

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Empty Promises

  • July 18, 2018
  • C. P. Chandrasekhar
  • Food and Agriculture, Political Economy
  • 0 Comments

The timing of the Modi government’s announcement of a hike in the minimum support prices for kharif crops suggests that this may be another of its tall claims not backed by the financial allocations needed to deliver on them. According…

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Why didn’t Socialism have Over-production Crises?

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

Socialism has collapsed over large tracts of the globe. Where it still exists, the economic regimes have undergone considerable reforms. Not surprisingly therefore the old socialist regimes are objects of much vilification these days. While capitalism, understandably, has a vested…

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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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