MacroScan is a website managed by the
Economic Research Foundation, New Delhi, seeking to provide an alternative to
conservative and mainstream positions in economics. It
undertakes and disseminates analyses, by professional
economists, of the Indian and global economy that are
informed by the perspective that:
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distributive justice should be a primary goal
of economic policy
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socio-economic structures are important in
determining economic outcomes
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markets are not always benign
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globalisation as it occurs today is
inequalising and is a challenge to sovereignty in
economic policy-making
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state intervention and regulation are crucial
for improving overall welfare.
MacroScan also seeks to build capacities to undertake
such analyses in order to strengthen those advocating
an alternative economic paradigm. Towards this end
it has built a comprehensive database on the Indian
economy. The database includes time series information
dating from as early as the 1950s, on a host of variables
in the areas of national accounts, money supply, public
finance, prices, agricultural and industrial production,
trade and the balance of payments. All the data series
available in the database are listed under different
heads to make access easier. Further, MacroScan provides
analytical surveys of recent macroeconomic trends,
regular updates on economic issues, and comprehensive
economic reports.