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Political Economy

Home Political Economy

Societal Involution in the North

  • May 16, 2016
  • Jayati Ghosh
  • Political Economy, World Economy
  • 0 Comments

The term “involution” – which means to turn into oneself, or to shrink, or to reverse a process of evolving – may seem like a strange one to apply to societies. Yet that is the term that increasingly comes to…

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Against the Assault on Thought: A lesson for the left

  • April 28, 2016
  • Rohit Azad
  • Political Economy
  • 0 Comments

Before the last general elections, two supposedly contrasting images of Narendra Modi were projected by the media: Modi, as the development man and Modi, as the Hindutva crusader. It was argued that he won the elections because of his development…

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The State of the Economy

  • April 8, 2016
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

There was a time when India had one of the finest statistical systems in the developing world. No matter how one interpreted the statistics that came out of that system, one could take the figures themselves as reasonably correct. This…

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Exclusion from Public Service, Indian Style

  • March 30, 2016
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

There’s been a lot of talk among policy makers in India about ensuring inclusion. The UPA government talked about “inclusive growth” and made it the headline for its Five Year Plan documents. The NDA government has dispensed with planning but…

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Anti-national Economics

  • March 16, 2016
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

As the air in India grows thick with accusations of being “anti-national”, it is worth taking a step back to consider what this means in political economy terms. After all, to characterise someone as “anti-national” you must first define what…

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Why do we have Unemployment?

  • March 14, 2016
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

Unemployment has become so persistent a phenomenon in contemporary times that there is a common feeling that it is a “natural” state of affairs, that nothing can ever be done about it, and that the only way to have greater…

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A Sinister Pattern Underway

  • March 7, 2016
  • Macroscan Team
  • Economy and Society, Political Economy
  • 0 Comments

"In a time of universal deceit, telling the truth is a revolutionary act"— George Orwell The controlled voice of Ravish Kumar on a blackened screen and his stark report on NDTV India on February 19 made for a powerful statement.…

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The Battle to Defend the Employment Guarantee Scheme!

  • February 12, 2016
  • Macroscan Team
  • Political Economy, Poverty
  • 0 Comments

As I write, roughly 10.3 million workers return home as the sun sets on 4.9 lakh worksites across the length and breadth of this vast country under the Mahatma Gandhi National Rural Employment Guarantee Scheme. About 23% are Scheduled Castes,…

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Privatization: Any method in this madness?

  • February 3, 2016
  • C. P. Chandrasekhar
  • Industry, Political Economy
  • 0 Comments

In early January, the NDA-government’s Ministry of Finance sent out two contradictory signals. The first was a statement from Finance Minister Arun Jaitley that increased government spending on public investment would be used as an instrument to revive a sagging…

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Growth through Redistribution

  • January 21, 2016
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

There are two basic, fundamentally different, and mutually exclusive positions on development that are in contention in the present period. One, which is the neo-liberal position, states that development requires rapid growth in the gross domestic product; that even if…

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