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Political Economy

Home Political Economy

Politics over the Purse

  • August 21, 2024
  • C. P. Chandrasekhar
  • Economy and Society, Political Economy
  • 0 Comments

India’s quasi-federal democracy, which was in danger of collapsing into a centralised authoritarianism, seems to be holding up. The results of the 2024 Lok Sabha election that reduced the brute majority of the National Democratic Alliance fronted by the BJP,…

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Lessons from Bangladesh’s Uprising

  • August 14, 2024
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

The popular insurrection that ousted Bangladeshi Prime Minister Sheikh Hasina and her Awami League government offers important lessons for the international community and neighboring India. While the unrest was undoubtedly fueled by the regime’s repressive and increasingly anti-democratic tactics, exemplified…

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India’s Development Prospects

  • July 22, 2024
  • C. P. Chandrasekhar
  • Development Economics, Political Economy
  • 0 Comments

In the search for the next country that would transit from backward to advanced nation status, India’s name sometimes features. This is partly because the idea has been mooted by Prime Minister Narender Modi, who promises to make India a…

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Adam Smith on Bengal and North America

  • July 22, 2024
  • Prabhat Patnaik
  • Political Economy, World Economy
  • 0 Comments

In his opus The Wealth of Nations published in 1776 Adam Smith drew a distinction between the progressive state, the stationary state and the declining state. The progressive state was one where capital accumulation would be occurring at a rate…

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Halting the March of Fascism in Europe

  • July 15, 2024
  • Prabhat Patnaik
  • Political Economy, World Economy
  • 0 Comments

The coming to power of governments led by fascists is either a reality or a threat today over large parts of the world. In Europe at present there are several countries where fascists are leading governments; France was on the…

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The NPF Programme goes beyond Neo-liberalism

  • July 8, 2024
  • Prabhat Patnaik
  • Macroeconomics, Political Economy
  • 0 Comments

For the French elections which Emmanuel Macron has called in the wake of the impressive showing by the Far-Right in the European parliamentary polls, four parties on the Left, the Communists, the Socialists, the Greens, and France Unbowed (of Jean-Luc…

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Economic Policy after the Elections

  • June 25, 2024
  • C. P. Chandrasekhar
  • Economy and Society, Political Economy
  • 0 Comments

The election results, which gave both the BJP and the NDA far lower seats than they had in the previous parliament and led to a coalition government, surprised many. But now, attention has shifted to assessing what that would do…

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How did Agricultural output Change under the Modi Government?

  • June 25, 2024
  • Jayati Ghosh and C. P. Chandrasekhar
  • Food and Agriculture, Political Economy
  • 0 Comments

The recently released report from the Ministry of Statistics and Programme Evaluation, the ‘Statistical report on value of output from agriculture and allied sectors (2011-12 to 2022-23)’ provides some estimates of how the value of agricultural output has changed since…

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New Hope for India’s Democracy

  • June 11, 2024
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

The ruling Bharatiya Janata Party’s inability to secure a parliamentary majority in India’s general election has shattered Prime Minister Narendra Modi’s aura of invincibility. Modi will now have to rely on coalition partners to pass legislation, potentially curbing his efforts…

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What the Indian Election Result means for Europe

  • June 10, 2024
  • Jayati Ghosh
  • Political Economy, World Economy
  • 0 Comments

Against all odds, in the elections to India’s parliament, whose results were announced last week, the opposition I.N.D.I.A. alliance managed to prevent the rampaging ruling party, Narendra Modi’s Bharatiya Janata Party (BJP), from securing a majority on its own. In…

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