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Political Economy

Home Political Economy

America’s Turn Towards Fascism and Its Contradictions

  • September 4, 2017
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The fact that fascist elements in the U.S. have started raising their sinister head and that Donald Trump has started showing his open sympathy for such elements is borne out by several recent incidents. On Saturday August 12, at a…

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150 years of ‘Das Kapital’: How relevant is Marx today?

  • August 24, 2017
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

It is quite amazing that Karl Marx's Capital has survived and been continuously in print for the past century and a half. After all, this big, unwieldy book (more than 2000 pages of small print in three fat volumes) still…

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A Dangerous Analogy

  • August 24, 2017
  • Prabhat Patnaik
  • Macroeconomics, Political Economy
  • 0 Comments

Narendra Modi’s attempt to imitate Jawaharlal Nehru by giving a mid-night speech on July 1 at the Central Hall of parliament, while inaugurating the Goods and Services Tax, could perhaps be passed off as a merely laughable idiosyncrasy. His equating,…

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Imperialism Still Alive and Kicking: An interview with Prabhat Patnaik

  • June 20, 2017
  • C. J. Polychroniou
  • Finance, Political Economy
  • 0 Comments

An interview by C. J. Polychroniou C. J. Polychroniou: From the 1980s onwards, with the process of economic globalization having picked up speed, the concept of Imperialism has been largely removed from the political lexicon of much of the Western…

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Growing class Resistance Against “Globalization”

  • June 19, 2017
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The term “globalization”, though much used, is extremely misleading, as is its presumed “other”, “nationalism”. This is because both terms are used as blanket terms without any reference to their class content, as if there can be only one kind…

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Why Workers Lose

  • May 30, 2017
  • C. P. Chandrasekhar
  • Economy and Society, Employment, Political Economy
  • 0 Comments

A long-acknowledged feature of global development since the 1970s is that in many countries—advanced and poor—those at the bottom of the income pyramid have benefited little, if at all, from whatever growth has occurred. One empirical outcome of that tendency…

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Public Bank Privatisation in a Post-truth World

  • May 17, 2017
  • C. P. Chandrasekhar
  • Economy and Society, Political Economy
  • 0 Comments

Narendra Modi government appears to have decided to privatise public sector banks (PSBs). Preparations are underway with arguments being marshalled that “there is no alternative” to privatisation. Privatisation (Download the full text in PDF format) (This article was originally published…

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Industrial Growth and Demonetization

  • April 24, 2017
  • Prabhat Patnaik
  • Industry, Political Economy
  • 0 Comments

Some weeks ago when the official “quick estimates” of GDP for the third quarter of 2016-17 (October-December) had been released, putting the GDP growth in this quarter (over the corresponding quarter of 2015-16) at 7 percent, which broadly conformed to…

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The Nefarious Money Bills

  • April 3, 2017
  • Prabhat Patnaik
  • Political Economy
  • 0 Comments

True to form, the BJP government is all set to change the texture of the Indian State into a snooping and terrorising institution whose bonding with corporate capital will now get even closer and beyond any public scrutiny. And the…

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The Rise and Fall of South Korea’s Chaebols

  • March 15, 2017
  • C. P. Chandrasekhar
  • Political Economy
  • 0 Comments

No discussion of South Korea’s dramatic transition from a poor underdeveloped country to a developed country member of the OECD club of rich nations can ignore the role of the chaebols—its ‘clans of wealth’. Consisting of a large number of…

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