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Political Economy

Home Political Economy

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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What is to be Done about Unemployment?

  • June 10, 2024
  • Prabhat Patnaik
  • Employment, Political Economy
  • 0 Comments

A Distinction is drawn in economics between demand-constrained systems and resource-constrained systems (which for simplicity and symmetry we shall call supply-constrained systems). In the former, an increase in output can occur if there is a rise in aggregate demand without…

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Election Results 2024: Economic justice has to come back on the policy agenda

  • June 5, 2024
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

The results of the 2024 Lok Sabha elections have come as a shock to those who had mistakenly believed in the problematic exit polls, which continued the narrative so assiduously cultivated by the previous Modi government. Many pundits who had…

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Chicanery versus Humanity

  • May 20, 2024
  • Prabhat Patnaik
  • Political Economy, World Economy
  • 0 Comments

The current protests in US university campuses demanding “divestment” from firms linked to Israel’s military machine, are reminiscent of the protests that had swept these campuses in the late sixties and early seventies demanding an end to the Vietnam war.…

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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 and Jayati Ghosh
  • 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 and C. P. Chandrasekhar
  • 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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