The Chimera of a Reformed Capitalism

June 15th, 2026, Prabhat Patnaik

The article critiques the idea that capitalism can be permanently reformed through state intervention, arguing that capitalism’s inherent tendencies undermine such efforts.
Modi is Rigging Indian Democracy
June 13th, 2026, Jayati Ghosh
Under the guise of routine voter-roll maintenance, India’s Election Commission has purged tens of millions of voters, disproportionately affecting opposition strongholds, the poor, and Muslim minorities. The result is an electoral system increasingly designed to favor the ruling Bharatiya Janata Party.
The Persistence of Gender Wage Gaps
June 24th 2026. C.P. Chandrasekhar and Jayati Ghosh
Gender gaps in labour incomes are highest in Lower Middle Income Countries, and especially in South Asia. Despite improving slightly over the past decade after previous declines, women’s incomes from work are still only around one-fifth those of men in South Asia.
Defending the Rupee
May 27th 2026. C.P. Chandrasekhar and Jayati Ghosh
Recent changes in the rupee cannot be explained only by balance of payments flows. Instead, they point to speculative activity profiting from deregulation that the RBI finds increasingly difficult to control.
Budget 2026-27

Miserly Welfare

Feb 2nd, 2026. Jayati Ghosh

The Narendra Modi government’s miserly — bordering on exploitative attitude as well as its overtly partisan approach towards state governments has come out clearly in its fiscal policy..

Jayati Ghosh: Rebalancing power
Dec 10th 2024.
The renowned development economist, Jayati Ghosh, offers an eye-opening perspective on the different facets of inequality and the need for systemic change to address them, bringing together her interests in international trade and finance, employment patterns in developing countries, as well as issues related to gender and development.
 
 
 
 
 

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