The Government is lying to you about the Reasons behind High Cost of Diesel & Petrol
Jun 20th 2018, Rohit Azad
With the comical cuts in oil prices in India, an international comparison with neighbouring countries shows that the petrol and diesel prices in India are the highest in the region. While a rise in crude oil prices is borne by the consumers, the benefit of a fall doesn't follow the same route. A break up of oil prices and taxation throws light at the picture.
The Invisible Class
Jun 20th 2018, Prabhat Patnaik
The peasantry has been dubbed as the 'invisible class' for the simple reason that it has been outrightly ignored. A basic comparison of the per capita GDP of this invisible class across two years using the Economic Survey 2017-18 gives veracity to these claims.
Shadow Cast by the Rupee
Jun 7th 2018, C.P. Chandrasekhar
The rupee has sharply depreciated in the recent weeks giving reason for concern. The external events of rise in oil prices and rate of interest in advanced economies has led to a surge in the current account deficit and capital outflows respectively. The success of 'the liberalization reforms' lies in the huge capital inflows and thus, has enhanced the periodic bouts of the rupee, hinting to symptoms of a bubble economy.
Has Donald Trump Already Changed US Trade?
Jun 19th 2018, C.P. Chandrasekhar and Jayati Ghosh
Donald Trump is threatening to dismantle the current world trading system, but in his first year US trading patterns show strong continuity with the previous administration.
Trump Versus the Rest
Jun 18th 2018, Prabhat Patnaik
Donald Trump's protectionist stance at the G-7 summit is an example of how disunited capitalist countries are on a possible solution to the capitalist crisis. Because of the position of the US economy, Trump can afford to hold on to his protectionist policies while enlarging the fiscal deficit. What is wrong about this strategy is the possibility of long term repercussions, not just for America but for the capitalist world as a whole.
Ashok Mitra
May 22nd 2018. Jayati Ghosh
Ashok Mitra's astounding ability to remain so involved, committed and intellectually engaged right to the end has left an inspiring memory of him. His fearless criticisms and unvarnished truth has attracted so many young people to him. His works on economics are as impressive as his journalistic commentary.
Ashok Mitra, a Man who was Equally Committed Politically and
May 5th 2018. Jayati Ghosh
"Much has been and will be written about this extraordinary man…All these qualities, rare as they are, are even rarer in combination. But in this piece, I will present a more personal picture, from someone who saw him as a father figure and was privileged to know him well."
Ashok Mitra
May 3rd 2018. Prabhat Patnaik
A man of great wisdom, and generosity, scrupulously adhering to principles and willing to fight for them, but without any malice towards anyone, Ashok Mitra was a pillar of support for the Left.
BUDGET 2018 - 19
Budget 2018-19: No money where the mouth is
Feb 20th 2018, C.P. Chandrasekhar
Support for Budget 2018-19 is missing across the income and wealth spectrum. While the Finance Ministers' big talk backed with small money no longer fools the vulnerable, the governments' image of being "reformist" has also taken a hit among speculative foreign and domestic investors, as a reaction to the new tax reforms.
The Budget and Education
Feb 20th 2018, Jayati Ghosh
The thrust towards privatization in Budget 2018-19 is evident in the pattern of education spending, which has been brought down to less than 3.5 percent of the government budget, against a promise of 6 percent in the 2014 electoral campaign. So, any real changes are clearly expected to be financed by private participation, implying declining spread, reduced access, and increased inequality.
Symposium on Inequality in honour of A B Atkinson
Mar 23rd 2018.
Job Opening at Economic Research Foundation
Jan 31st 2018.

C.P. Chandrasekhar speaks on "Karl Marx's Capital & the Present"
Sep 30, 2017

The fourth lecture, titled ‘Karl Marx's Capital & the Present’, was delivered on 30th September, 2017 at the India Habitat Centre in New Delhi. In this, the professor talks about contemporary insights that can be drawn from Das Kapital after 150 years of its publication.
 Third Lecture >>  Second Lecture >> First Lecture >>
The Question of Farm-Loan Waiver
Jun 23rd 2017, Prabhat Patnaik
The primary reason why loan-waiver is being demanded at present is not an output fall owing to any natural calamity. It is the price-fall on account of the bumper harvest that underlies this demand. It is the breaking down of an appropriate institutional mechanism that is responsible for the peasants’ distress and periodic demands for loan-waivers.

Site optimised for 800 x 600 and above for Internet Explorer 5 and above