Fetishising the Growth Rate of GDP
Apr 22nd 2024, Prabhat Patnaik
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 a kind of cooperative socialism that attracted him; he continues to be regarded primarily as a pre-eminent liberal thinker.
The Collapse of Neoliberal Privatisation
Apr 19th 2024, C.P. Chandrasekhar
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.
The True Face of "Aid"
Apr 16th 2024. C.P. Chandrasekhar and Jayati Ghosh
A spike in Overseas Development Assistance flows from OECD members is not a departure from a long history of ODA levels that have fallen far short of a 1970 promise. It is a revelation of what "aid" really is.
Recent Structural Change in the Indian Economy
Apr 4th 2024. C.P. Chandrasekhar and Jayati Ghosh
The India Employment Report points to worrying tendencies in terms of structural change in the Indian economy, especially in recent years.
Young Scholars Conference Political Economy of Contemporary South
Asia
October 13-14, 2023 | Berkeley, United States
Jun 14th 2023.
Our key theme is the political economy of contemporary South Asia. At the core of these transformations are the fraught and so-called "truncated transition," where South Asian societies are not making the transition from farm to factory, but the rise of informal economies, industrial clusters, in-between agrarian-urban and peri-urban spaces force us to rethink familiar transition narratives and to eschew them in favour of more grounded theories.
Budget 2023-24

Budget 2023-24: Neither growth nor welfare friendly

Feb 8th 2023, C.P. Chandrasekhar

If we ignore the hype that accompanies and follows the presentation of the Centre's annual budget, there are principally two strands in it that have attracted attention.

Budget 2023-24: Ignoring the economy's basic problem

Feb 6th 2023, Prabhat Patnaik

The most outstanding feature of the Indian economy today is the sluggish increase in real consumption expenditure. Between 2019-20 and 2022-23 for instance the per capita real consumption expenditure has grown by less than 5 per cent which is less than the rate of growth of the gross domestic product.

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