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Political Economy

Home Political Economy

The Seventh Pay Commission Report

  • December 14, 2015
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The central government sets up a Pay Commission about once every ten years to recommend what the structure of salaries, allowances and pensions for its current and retired employees should be. The seventh Pay Commission had been set up accordingly…

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The Stench of Counter-revolution

  • November 13, 2015
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The closest friend I had in my childhood was a boy who came from a dalit family. He lived in a little bustee near our house in the small mofussil town in Odisha where I spent my early years. He…

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The Slogan of “Make in India”

  • November 10, 2015
  • Prabhat Patnaik
  • Political Economy, Poverty, World Economy
  • 0 Comments

At first sight the “Make in India” campaign appears innocuous, a pipe-dream perhaps but a rather harmless one. If the world’s big companies come to “make” things in India for selling all over the world, which is the thrust of…

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The State as Fiefdom

  • October 6, 2015
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

The Safdar Hashmi Memorial Trust (SAHMAT) is named after a young Left-wing theatre activist who was beaten to death by goons while performing a street play in support of striking workers in Sahibabad on the outskirts of Delhi. It is…

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Europe’s Refugee “Crisis”

  • September 30, 2015
  • Jayati Ghosh
  • Political Economy, World Economy
  • 0 Comments

If you read or watched or listened only to the mainstream media in the North, you could be forgiven for believing that the current influx of refugees into countries of Europe is not just an important concern, but actually even…

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The Retreat of the Emerging Markets

  • September 16, 2015
  • Jayati Ghosh
  • Political Economy, World Economy
  • 0 Comments

What a difference a year makes. Even until just a year ago, the “emerging market economies” were being lauded as the hope of global capitalism. They were supposedly able to “decouple” themselves from the financial crises and stagnation of advanced…

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“De-Linking” and Domestic Reaction

  • September 7, 2015
  • Prabhat Patnaik
  • Political Economy, World Economy
  • 0 Comments

There is a strong view in certain Left circles, especially in certain European Left circles, that any de-linking from global capitalism conduces to a promotion of domestic reaction. Of course, even in Europe this is not necessarily the dominant view…

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The Debate on GST

  • August 19, 2015
  • Prabhat Patnaik
  • Fiscal Policy, Political Economy
  • 0 Comments

The debate so far on the Goods and Services Tax (GST) has been largely concerned with the question of compensation to the states for the losses they may suffer owing to the transition to a GST regime. The losses to…

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Why the Fight for a GST?

  • August 6, 2015
  • C. P. Chandrasekhar
  • Fiscal Policy, Political Economy
  • 0 Comments

The Constitution (122nd Amendment) Bill, 2014, that, if passed, would introduce a Goods and Services Tax (GST) system in India, faces a still uncertain future because of opposition in the Rajya Sabha, the upper house of the Indian Parliament. The…

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The Internet in “Digital India”

  • July 24, 2015
  • C. P. Chandrasekhar
  • Economy and Society, Political Economy, Services
  • 0 Comments

Among the initiatives launched with much fanfare by the NDA government is the one titled “Digital India”, which is slated to use high speed internet as a core utility and provide citizens entitlements, documents and a host of services on…

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