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Political Economy

Home Political Economy

Evolution of India as a Nation

  • March 6, 2017
  • Macroscan Team
  • Political Economy
  • 0 Comments

A discussion on “Evolution of India as a nation” would be misplaced from a strict scientific point of view. India is a country consisting of many nationalities. A common language, as all of us know, apart from a contiguous geographical…

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No Digital Base for a Cashless Economy

  • January 27, 2017
  • C. P. Chandrasekhar
  • Economy and Society, Political Economy
  • 0 Comments

Prime Minister Modi is selling the idea that the engineered cash shortage that resulted from the disastrous demonetisation exercise is an opportunity to force-march India to being what is inelegantly termed a “less cash” society. In his view, that transition,…

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Understanding the American Right

  • October 26, 2016
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

A visit to the USA at the height of the Presidential election season, in a nation obsessed with polls that are just a few weeks away, creates simultaneous sensations of fascination, dismay and even horror. Even from a distance, the…

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Developing “Infrastructure”

  • October 25, 2016
  • Prabhat Patnaik
  • Political Economy
  • 0 Comments

The term “infrastructure” covers all sorts of things, from ports to roads to canals to bridges to building railway lines. Because it covers such a range of things, many of which appear to be useful, most people look upon “infrastructure”…

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Managing the Corporate-communal Alliance

  • August 2, 2016
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The corporate-communal alliance that came to power after the 2014 elections needs careful management by its promoters, because within each of the partners of the alliance there are elements that are not altogether comfortable with the other. Within the Hindutva…

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The Post-1991 Growth Story

  • July 29, 2016
  • C. P. Chandrasekhar
  • Political Economy
  • 0 Comments

July 1991 is widely seen as a watershed month in Indian economic policy making. That was when the Indian government openly declared that it was unwinding the interventionist regime which had been in place since Independence, involving controls on economic…

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Globalization and the World’s Working People

  • July 11, 2016
  • Prabhat Patnaik
  • Economy and Society, Political Economy, World Economy
  • 0 Comments

Globalization was advertised as being beneficial for all, as constituting a bold step towards universal economic betterment. This was clearly wrong; and it was not just Left economists, but even “mainstream” economists like Paul Samuelson who had said so at…

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After Brexit

  • July 6, 2016
  • C. P. Chandrasekhar
  • Political Economy, World Economy
  • 0 Comments

Britain has voted to leave the European Union (EU). And the managers of global capitalism have their hands full addressing the fall-out of ‘Brexit’, even as their efforts to manage the after-shocks of the crisis of 2008 remain unsuccessful. It…

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Broken Promises to India’s Youth

  • June 10, 2016
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

Two years ago, when Narendra Modi led the BJP to a huge victory in the general elections, there was little doubt that the youth of India, and especially those in the Hindi heartland, had played a significant role in this…

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Two Tales of Contrast

  • May 26, 2016
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

Now that we had had two years of the Modi government, it is only natural to look back at what has changed. So we are being treated to numerous assessments of the performance thus far, which obviously vary according to…

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