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Political Economy

Home Political Economy

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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MNREGA under the Modi Regime

  • January 21, 2016
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

It has been clear for some time that the NDA-led central government is not particularly mindful of its legal obligations, particularly where rights-based laws are concerned. There has been continuing and blatant violation by the central government of Supreme Court…

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The Abolition of the NDC

  • January 11, 2016
  • Prabhat Patnaik
  • Political Economy
  • 0 Comments

The Narendra Modi government is winding up the National Development Council, an apex body consisting of the Prime Minister, the concerned central cabinet ministers, and all state chief ministers together with their concerned cabinet colleagues, which supervised the planning process…

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The Heavy Price of Economic Policy Failures

  • January 7, 2016
  • Jayati Ghosh
  • Economy and Society, Macroeconomics, Political Economy
  • 0 Comments

A lot of the media discussion on the global economy nowadays is based on the notion of the “new normal” or “new mediocre” – the phenomenon of slowing, stagnating or negative economic growth across most of the world, with even…

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A Candid Assessment?

  • January 6, 2016
  • C. P. Chandrasekhar
  • Economy and Society, Political Economy
  • 0 Comments

As 2015 drew to a close the Finance Ministry released its Mid-Year Review (MYR), which summarised the official view of the state of play in the economy after a year-and-a-half of Modi-rule. As expected the MYR begins with the positives,…

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IDBI Bank: The door to denationalisation

  • January 4, 2016
  • C. P. Chandrasekhar
  • Finance, Political Economy
  • 0 Comments

Officers and other employees of the public sector IDBI Bank, organised under the banner of the United Forum of IDBI Officers and Employees, struck work for a day on November 27 protesting against the government’s decision to privatise the bank.…

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Imperialism’s New Trade-negotiating Strategy

  • December 28, 2015
  • Prabhat Patnaik
  • Economy and Society, Political Economy, Trade and balance of payments
  • 0 Comments

The WTO has been a major weapon used by the advanced countries to roll back the structures that the third world dirigiste regimes which came into existence after decolonization had erected for achieving a degree of self-reliance. The TRIPS agreement…

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