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.
Technological Change and Impoverishment
Mar 19th 2018, Prabhat Patnaik
Socio-economic effects of technological change depend upon the property relations within the system they occur. While in socialism higher labour productivity can improve the conditions of workers, in capitalism, the same has lead to growing relative labour reserves, and hence impoverishment.
The Importance of Dissatisfaction
Mar 17th 2018, Prabhat Patnaik
The first step to overthrowing an oppressive system is "epistemic exteriority" or visualizing an alternative system outside of the existing one. But neo-liberal capitalism has been remarkably successful in thwarting such visualization, by proposing "epistemic closure" as an essential component of development.
State or Market?: India's telecom wars
Mar 17th 2018, C.P. Chandrasekhar
The entry of Reliance Jio in the telecom industry has unleashed an aggressive price war, resulting in takeovers, mergers and closures owing to large debts, spectrum charge dues and falling revenues.
National Income in India: What's really growing?
Feb 28th 2018, C.P. Chandrasekhar and Jayati Ghosh
Recent income growth in India has been dominated by sectors that do not reflect real physical output increases – such as finance, insurance and real estate and public administration and defence.
Can Banking Recover?
Feb 27th 2018, Jayati Ghosh
Recovery of the banking sector will require stricter adherence to sound banking rules and more transparency from public and private players. And most of all, this applies to the regulators themselves and the government that frames all this.
Job Opening at Economic Research Foundation
Jan 31st 2018.
Indian Banking: Current Challenges & Alternatives for the Future
Jan 30th 2018, C.P. Chandrasekhar and Jayati Ghosh

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.

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