The Epidemic of Vigilantism
Sep 20th 2017, Prabhat Patnaik
In a situation where the secular political leadership has lost a good deal of its credibility and "grassroots vigilantism" is becoming a widespread, veritable epidemic under growing fascism, the judiciary continues to remain a credible instrument for the reassertion of the values that the Constitution associated with a "modern" India.
Deras and Evangelicals
Sep 20th 2017, Jayati Ghosh
Deras, like the Pentecostal Church in the U.S. and elsewhere, are popular because they address the needs and aspirations of those socially excluded by organised religion and economically marginalised by globalisation.
Downturn Blues
Sep 20th 2017, C.P. Chandrasekhar
The most recent deceleration in growth is the result of the inability of the system to sustain the artificial stimuli that the neoliberal policy environment facilitated. It is a problem that does not lend itself to easy resolution.
Foreign Investor Appetite
Sep 14th 2017, C.P. Chandrasekhar and Jayati Ghosh
A brief decline in portfolio inflows into equity markets has raised the question whether foreign investment flows into India have peaked. The evidence of investments in debt markets suggest otherwise. That, however, need not be all good news.
Problems with Neoclassical Economics
Sep 5th 2017, Amiya Kumar Bagchi
While there are a few examples of successive use of mathematics in forming empirically tested mainstream theorems, excessive misuse of this tool in neoclassical economics leave little coherence between its "rational being" and realism. In fact, many examples prove that it fails to observe the tenets of its own canon, and people are compelled to consume beyond their need and capacity, even in the face of mounting unemployment.

C.P. Chandrasekhar Speaks on 'Capital and the Critique of Bourgeois Political Economy'
Sep 18, 2017

The Safdar Hashmi Memorial Trust (SAHMAT) is organising a series of four lectures by eminent economsit Prof. C.P. Chandrasekhar to commemorate 150 years of the publication of Volume I of Karl Marx's Seminal Work, Capital.

Demonetisation Decoded: A critique of India’s currency experiment
Apr 12, 2017, Jayati Ghosh, C.P. Chandrasekhar and Prabhat Patnaik

The book "Demonetisation Decoded", is an important book that provides a quick and concise explanation of the goals, implications, initial effects and the political economy of the major demonetisation move of the Indian government.
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.
Call for Papers for Summer School – 2018
Jun 12th 2017
Budget 2017-18: The macroeconomic perspective
Mar 3rd 2017, C.P. Chandrasekhar
One reason why the government chose fiscal consolidation instead of an expansionary budget in the wake of demonetisation is its erroneous belief that demonetisation in itself would deliver fiscal benefits.
Budget 2017-18: Blinded by neoliberalism
Feb 27th 2017, C.P. Chandrasekhar
All that this government has is its unfounded belief that mere reform in the form of the demonetisation, digitalisation and the GST would deliver growth rather than recession.
Buckling under Pressure
Jan 18th 2017, Jayati Ghosh
There has been a depressing erosion in the credibility of the major institutions that in different ways are vital for the functioning of our democracy as they are bent to the will of the ruling dispensation.
The Demonetization Fiasco
Jan 16th 2017, Prabhat Patnaik
Demonetization has been a fiasco in achieving its stated objective, apart from being a disaster for the people.
National IPR Policy and Innovation
Jul 18th 2016, Reji K. Joseph
This article seeks to analyse critically the relationship between innovation and IPRs with a view to understand the implications of the IPR Policy for India.

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