The writer is former professor of economics at JNU, Delhi.
Prabhat Patnaik writes: Its development strategy since the 1980s has not been oriented towards building socialism, but towards turning China into a big power.
The only difference between a fiscal deficit and selling public assets lies in the nature of the government paper that is handed to the private sector, but the macroeconomic consequences of a fiscal deficit on the economy are no different from those of selling public assets.
In these dire circumstances, it is essential for the state to directly provide the basic means of survival to anyone who needs it. This must be in both cash and kind.
Making unclear statements about state governments being duty-bound to implement CAA may be construed as showing disregard for people’s struggle.
He was not a socialist but, in common with the socialists, he believed that capitalism could never solve the problem of unemployment, and the mental dullness it produced.
The budget needed to break new ground, provide a thrust to a slowing economy. This budget lacks innovation.
Interim budget indicates that the government’s electoral strategy is to win over the ‘intermediate classes’ while ignoring the poor.
Debate around RBI-government stand-off ignores the structural cause behind India’s economic woes: Interest rates as an instrument cannot achieve multiple, contradictory goals.
Government must intervene to control the slide of the rupee, stem its inflationary consequences.
Ashok Mitra’s achievements in both academia and public life made him exceptional
The Left is being pushed to the margins. It must mobilise secular, democratic elements to fight Hindutva forces
Accessible and lucid, Rajeev Dhavan’s book argues that the content of the Constitution is the product of multiple contestations
Government could have undone the damage of demonetisation through the budget. The opportunity has been missed in deference to the whims of global finance.
An electoral setback for the Left is a setback for the democratic revolution.
Why should one concern oneself with what Prime Minister Manmohan Singh had to say at Oxford when receiving an honorary D.Litt? Not just beca...
Two basic considerations underlay the opposition to having representatives of the World Bank, and the ADB in the now dissolved committees of...