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Articles

Home Articles

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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Banga Hype at the Springs

  • May 2, 2024
  • C. P. Chandrasekhar
  • Finance, Macroeconomics
  • 0 Comments

Less than a year back, a former chief executive of Mastercard, Ajay Banga, was in a surprise move picked to head the World Bank. Putting a Wall Street player addicted to profits in charge of a development institution claiming to…

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Fetishising the Growth Rate of GDP

  • April 22, 2024
  • Prabhat Patnaik
  • Finance, Macroeconomics
  • 0 Comments

John Stuart Mill was among the foremost liberal thinkers of modern times who wrote extensively on economics and philosophy. Though under the influence of his wife Harriet Taylor Mill, he came closer towards socialism late in his life, it was…

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The Collapse of Neoliberal Privatisation

  • April 19, 2024
  • C. P. Chandrasekhar
  • Economy and Society, World Economy
  • 0 Comments

Thames Water, one of England’s many regional water monopolies, infamously privatised by Margaret Thatcher in the 1980s and symbolising the dramatic turn in economic policy that neoliberalism implied, is finally collapsing. Unable to mobilise £500 million from shareholders who have…

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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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Once More on Poverty Figures of India

  • March 25, 2024
  • Prabhat Patnaik
  • Macroeconomics, Poverty
  • 0 Comments

The other day the Chief Executive Officer of Niti Ayog made a fantastic claim, that the poverty ratio in India had fallen below 5 percent according to the 2022-23 consumption expenditure survey data. His claim was based on the fact…

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Capitalist Trap for Scientific Advances

  • March 18, 2024
  • Prabhat Patnaik
  • Development Economics, Monetary Policy
  • 0 Comments

There is a paradox at the core of the efflorescence of science that has occurred over the last millennium. In essence this efflorescence has the potential to increase human freedom immensely. It increases the capacity of man within the man-nature dialectic; scientific…

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Subtle War at the WTO

  • March 7, 2024
  • C. P. Chandrasekhar
  • Trade and balance of payments, World Economy
  • 0 Comments

At the time of writing, the 13th ministerial meet of the World Trade Organisation (WTO) is under way in Abu Dhabi. Among the many issues that are being discussed are two of concern for less developed countries generally and India…

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