Chicanery versus Humanity
May 20th 2024, Prabhat Patnaik
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.
The Crisis of Liberalism
May 13th 2024, Prabhat Patnaik
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 to be struggled for, and the political praxis informed by it carries out this struggle.
Making Sense of Consumption Expenditure
May 28th 2024. C.P. Chandrasekhar and Jayati Ghosh
Trends in consumption expenditure confirm the evidence of increased inequality and point to the constraints to future growth posed by the lack of expansion of a mass market for consumption goods.
Services Exports as Growth Engine
May 14th 2024. C.P. Chandrasekhar and Jayati Ghosh
The rise in India's services exports has encouraged the view that this is reflective of India’s pursuit of an alternative trajectory of development. The evidence does not support that view.
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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