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Political Economy

Home Political Economy

The Crisis of Liberalism

  • May 13, 2024
  • Prabhat Patnaik
  • Macroeconomics, Political Economy
  • 0 Comments

Each strand of political praxis is informed by a political philosophy which analyses the world around us, especially, in modern times, its economic characteristics. On the basis of this analysis, the particular political philosophy sets out the objectives which have…

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The True Face of “Aid”

  • April 16, 2024
  • C. P. Chandrasekhar
  • Economy and Society, Political Economy
  • 0 Comments

The Organisation for Economic Cooperation and Development (OECD), predominantly a club of rich market economy countries, has just released preliminary estimates of the flow of Overseas Development Assistance (ODA) or “aid” from 31 members of its Development Assistance Committee to…

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Recent Structural Change in the Indian Economy

  • April 4, 2024
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

The newly-released India Employment Report 2024, produced by the ILO and the Institute for Human Development, contains a wealth of information and analysis on past and current employment patterns, and has an important focus on employment concerns of the youth in…

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In the Name of the South: India’s aggressive economic diplomacy

  • March 26, 2024
  • C. P. Chandrasekhar
  • Political Economy, World Economy
  • 0 Comments

India’s government has since the year of its G20 Presidency claimed to have restored the country’s role as the ‘Voice of the South’ in global dialogues. That is often backed up by reference to its efforts to focus attention on…

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Federal Fracture: A nation in crisis

  • February 22, 2024
  • C. P. Chandrasekhar
  • Economy and Society, Political Economy
  • 0 Comments

Indian federalism is on the verge of breakdown. Ministers from opposition-ruled States have taken to the streets in New Delhi to protest against discrimination by the Centre. And the Prime Minister, who leads the use of a divisive majoritarian agenda…

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The Budget and the Inversion of Reason

  • February 12, 2024
  • Prabhat Patnaik
  • Finance, Political Economy
  • 0 Comments

The BJP government holds that truth is what Modi says; if evidence points otherwise then evidence must be wrong and should be suppressed. Modi says that India never had it so good as during the last decade of his government;…

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Distress and Displacement in Times of War

  • February 9, 2024
  • C. P. Chandrasekhar
  • Political Economy, World Economy
  • 0 Comments

Recruitment drives held over the last week of January, in Lucknow in Uttar Pradesh and Rohtak in Haryana, for Indian workers to undertake construction and caregiver jobs in Israel have captured global attention. Thousands of job aspirants, who had either…

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The Question of Pensions

  • January 15, 2024
  • Prabhat Patnaik
  • Finance, Political Economy
  • 0 Comments

We observe a strange phenomenon everyday, so strange that its strangeness goes generally unnoticed. Government spokespersons from the prime minister downwards go on repeating ad nauseam that India is the most rapidly growing major economy in the world today, that…

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An Education Policy for Colonising Minds

  • January 1, 2024
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

Imperialist hegemony over the third world is exercised not just through arms and economic might but also through the hegemony of ideas, by making the victims see the world the way imperialism wants them to see it. A pre-requisite for…

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The Vacuity of the Free Trade Argument

  • December 25, 2023
  • Prabhat Patnaik
  • Political Economy, Trade and balance of payments
  • 0 Comments

Imagine a country that is exposed to relatively unrestricted trade. There are two obvious problems that it can face because of this trade policy: the first is a balance of payments problem because its exports are insufficient relative to its…

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