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Political Economy

Home Political Economy

When Numbers are Treated as Political Weapons

  • October 19, 2023
  • Jayati Ghosh
  • Economy and Society, Political Economy
  • 0 Comments

India has a robust and admired statistical system. But the government is suppressing data to suit its narrative. It is perilous not to know the reality of the governed No government in India has been as adept in shaping the…

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Globalised Capital and National Leadership

  • October 9, 2023
  • Prabhat Patnaik
  • Political Economy, World Economy
  • 0 Comments

One of the most intriguing questions at present is why Europe’s political leadership has become complicit in what appear to be US efforts at undermining European economies. The well-known American investigative journalist Seymour Hersh, having already provided evidence that the…

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Destroying Forests for Profits

  • October 2, 2023
  • Prabhat Patnaik
  • Food and Agriculture, Political Economy
  • 0 Comments

The Modi government, ever solicitous of corporate interests, has launched a plan whereby real estate developers and other corporates will be allowed to destroy large swathes of India’s forest cover for starting projects that rake in profits. It is amending…

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The Silences of the Delhi Declaration

  • September 18, 2023
  • Prabhat Patnaik
  • Political Economy
  • 0 Comments

The G-20 meeting in Delhi was occurring in the midst of an acute economic crisis of the world economy. The advanced capitalist economies are expected by the IMF to witness a growth slowdown from 2.7 per cent in 2022 to…

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Believing One’s Own False Theories

  • September 11, 2023
  • Prabhat Patnaik
  • Political Economy, Trade and balance of payments
  • 0 Comments

Liberal bourgeois writers tend to explain the problems that arise under capitalism not by the immanent tendencies of the system but by the capriciousness of particular governments. This way they can continue to believe in their own false theories that…

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Behind BRICS Expansion

  • September 4, 2023
  • Prabhat Patnaik
  • Political Economy, World Economy
  • 0 Comments

At the Johannesburg summit of the BRICS countries, it was decided to expand the group beyond its original five, namely, Brazil, Russia, India, China and South Africa, to include six more countries. These are: Argentina, Egypt, Iran, Ethiopia, Saudi Arabia…

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The Destruction of Universities

  • August 28, 2023
  • Prabhat Patnaik
  • Political Economy
  • 0 Comments

When BJP rule in the country is dead and gone, a good deal of the damage it has caused to the Indian society, polity and economy will no doubt be reversed. But there are at least two areas where such…

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The IMF Bias: Signals from Pakistan

  • August 11, 2023
  • C. P. Chandrasekhar
  • Political Economy, World Economy
  • 0 Comments

On July 14 this year, the shaky government of a debt-stressed Pakistan, won itself a surprising reprieve. The country had experienced a collapse in foreign reserves to less than one month worth of imports and was on the verge of…

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The Problem with “Universal Basic Income”

  • August 7, 2023
  • Prabhat Patnaik
  • Economy and Society, Political Economy
  • 0 Comments

Many economists have been advocating a universal basic income for India, an idea that was mooted even in the official Economic Survey for 2016-17. Of course the practical proposals towards this end have varied, some suggesting a common universal transfer…

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The Poverty of UN Poverty Estimates

  • July 31, 2023
  • Prabhat Patnaik
  • Political Economy, Poverty
  • 0 Comments

On April 3 this year, the minister of state for planning, Rao Inderjeet Singh, said in the Rajya Sabha that the government had no data after 2011-12 for estimating poverty, and therefore had no idea how many people had been…

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