Sobre Economía Feminista Alicia Puyana
November 1, 2024
When multiple crises confront global leaders, some receive less attention than they should. One such is an(other) external debt crisis in developing countries, which is likely to be prolonged with long-term spill overs. However, while most observers admit that a debt crisis is unfolding, a commitment to find a lasting solution is absent. The elements of such a package are known. It must include official debt write-offs, large private creditor haircuts and the channelling of cheap liquidity to less developed countries through mechanisms like enhanced SDR issues. While failure to deliver on these fronts is preventing resolution, the resort to austerity in the midst of a crisis is imposing huge burdens on the majority in debt stressed countries.
The posts in this section monitor and analyse the evolving crisis, and offer viable and progressive alternatives.
As the Covid-19 pandemic spread across countries, governments across the world have imposed lockdowns and taken other drastic measures to control the contagion. This has led to unprecedent shocks to the global economy, as economic activity has come close to collapse in many regions of the world, affecting both demand and supply.
The articles in this section analyse the economic processes in this still-unfolding story, analysing the effects on the economy and different segments, the policy responses and other proposals for coming out of this crisis.
Covid-19 in India – profits before people Jayati Ghosh
April 29, 2021
Vaccine Apartheid Jayati Ghosh
November 17, 2020
The announcement of a BRICS development bank in the context of the ongoing global economic turmoil assumes a special significance. Some perceive it as an alternative to the already discredited World Bank with its North Centric leadership resulting in a dogmatic imposition of neo-liberal conditionalities on the indebted South; many assume this as a watershed, signaling the shift in global economic governance from the traditional powerhouses of the North to the newly emerging powerhouses of the South; while others perceive it as a tool to be used by the member countries to increase their influence in their respective Southern pockets.
This section includes articles analysing the emergence of BRICS Development Bank and its possible implications for global economic governance, regional impact of the BRICS nations, and other repercussions.
Following the financial crisis, much has been done for preventing systemic failure in the financial sector, stalling economic downturn and ensuring a recovery. However, the adequacy and appropriateness of the measures adopted remain questionable. As far as reforming the financial sector is concerned, despite a spate of proposals, agreement on the appropriate mix of policies and the progress with implementation have been limited. This section presents papers and articles that analyse the adequacy of various proposals and measures, the challenges that could arise at the time of implementation and advocate additional or alternative measures. Some of these papers also take a renewed look at the veracity of the arguments given for explaining the genesis of the crisis.
The Geopolitics of the Natural Gas Trade C.P. Chandrasekhar and Jayati Ghosh
November 13, 2024
There’s no doubt that the election of Donald Trump as the next President of the United States sets the stage…
On Feminist Economics Alicia Puyana
November 1, 2024
The Crisis of Liberalism Prabhat Patnaik
November 18, 2024
Trump’s victory in the US Presidential election conforms to a pattern presently observable across the world, namely a collapse of the liberal centre and a growth in support either for…
Ahilan Kadirgamar Discusses Sri Lanka’s Political and Economic Crises, Highlighting the Youth’s Demand for Change and Challenges of Ethnic Reconciliation Interview by Amit Baruah
November 15, 2024
Ahilan Kadirgamar, who teaches sociology at the University of Jaffna and has been a long-time human rights activist, has a keen eye on developments in Sri Lanka. Less than two…
Education, Democracy and Unravelling Liberal Order Ahilan Kadirgamar
November 12, 2024
The Kazan Summit of BRICS Prabhat Patnaik
November 11, 2024
Navigating an economy through stormy waters
Navigating an economy through stormy waters by Dr. Ahilan Kadirgamar, political economist, on The People’s Platform. Friday 4th October at 8 pm
Debt is political: Why wealth flows from poor to rich
How does the structure of the international financial system cause a drain of wealth from the poor to the rich?
Political economists Radhika Desai and Michael Hudson discuss the politics of debt.
Towards an Alternative External Debt Restructuring Template
Prof. Yuefen Li analyses the challenges of debt restructuring, highlighting the imperative for reforming the international finance and debt architecture.
BROADCAST COVERAGE ON DEBT CRISIS - IDEAs CONFERENCE
Broadcast Coverage of IDEAs Conference on African Debt Crisis and the International Financial Architecture held between 27-29 March 2024 at Accra, Africa.
BROADCAST RADIO COVERAGE ON DEBT CRISIS IDEAs CONFERENCE
BBC Radio Coverage of IDEAs Conference on African Debt Crisis and the International Financial Architecture held between 27-29 March 2024 at at Accra, Africa.
Is India’s Economy Truly Thriving? Or is it Exaggerating its Growth?
Political economists Radhika Desai and Michael Hudson are joined by Professor C.P. Chandrasekhar to discuss what is really happening in India's economy, if its government growth statistics and other official data are accurate, the policies of Prime Minister Narendra Modi and his party BJP, and the country's 2024 elections.
Challenging the Duopoly: Jill Stein on why she’s running for US president as Green Party Candidate
Jill Stein explains why she decided to run for US president on an anti-war, pro-worker platform, challenging the duopoly of the Democrats and Republicans as the candidate for the Green Party. She is interviewed by political economists Radhika Desai and Michael Hudson.
African Economists Advocate for New Debt Restructuring Approach in Accra Declaration
In a bid to address the mounting external debt burden in Africa and pave the way for sustainable economic recovery and growth, African economists convened in Accra, Ghana, for a three-day international conference on the Africa debt crisis. At the conclusion of the conference, economists issued the Accra Declaration, calling for the development of an alternative debt restructuring template. The declaration emphasises the urgent need to redirect current debt burdens towards a more sustainable trajectory, fostering economic stability and development across the continent. News Central's Adesewa Odusoga provides further insights into this pivotal call for action.
Frontier Market Debt Distress and Resolution
What is China's Future? Economic Decline, or the Next Industrial Revolution?
Political economists Radhika Desai and Michael Hudson are joined by Beijing-based scholar Mick Dunford to discuss what is actually happening in China's economy, explaining its technological development and transition toward a new industrial revolution.
Eight African countries in Debt Distress
Africa is facing a mounting debt crisis. Eight countries are in debt distress, while 13 are expected to be at risk of debt distress according to the United Nations. Development economist Ndongo Samba Sylla unpacks the primary factors contributing to the mounting sovereign debt crisis in the Global South.
The reality of Bidenomics: How good was Biden for the economy?
Political economists Radhika Desai and Michael Hudson discuss the rhetoric and reality of Bidenomics, and how good US President Joe Biden really was for the economy.
Budget 2024 : An election budget or an IMF budget..?
Dr. Ahilan Kadirgamar, a senior lecturer of the university of Jaffna, and a leading expert in economics and public policy, provides invaluable insights into the benefits and drawbacks of the budgetary decisions. As we navigate through the details, we'll unravel how these policies directly impact the lives of Sri Lankan citizens.
Global Debt is unpayable: How Wall Street traps poor countries, profiting rich ones
All the debt in the world is three-and-a-half times the size of the global economy: 349% of GDP, or $37,500 per person. It is unpayable. But poor countries are forced to pay high interest rates to rich bondholders on Wall Street, while Western vulture funds profit. Journalist Ben Norton analyzes the deeply unequal international financial system.
Joseph Stiglitz addresses Joint Meeting of ECOSOC and 2nd Committee
The 2023 Joint Meeting of the United Nations Economic and Social Council (ECOSOC) and the Economic and Financial Committee of the General Assembly (Second Committee), featured Joseph E. Stiglitz, Nobel Memorial Prize in Economic Sciences laureate, as a keynote speaker. Mr. Stiglitz addressed the current challenges that position commodity-dependent developing countries in economic vulnerability and the need for structural changes in the international market structure to address this issue.
M. S. Swaminathan interviewed by Jomo Kwame Sundaram at FAO
Professor M. S. Swaminathan (August 7, 1925 - September 28, 2023), was Chair (2009-13) of the Steering Committee of the High Level Panel of Experts (HLPE) on Food Security and Nutrition. He was interviewed by Jomo Kwame Sundaram, then Assistant Director General, Food and Agriculture Organization, on October 11, 2013. Professor Swaminathan discussed not only the Green Revolution, to which he was key, but also incisively commented on several contemporary food and agriculture problems.
Domestic debt restructuring robs working people’s savings
The Government of Sri Lanka's domestic debt restructuring program targets working people’s savings to satisfy the wishes of international bond holders - Dr. Ahilan Kadirgamar.
NAM 2.0+G77 vs G7+NATO+OECD+WEF
Jomo Kwame Sandaram warns US policies are driving the world to war and depression leaving developing countries with a strong vested interest to reconvene a new non-aligned movement and strengthen democratic institutions of global governance.
Decoding the New Global Financing Pact Summit
The webinar "Decoding the New Global Financing Pact Summit: Critical reflection from the lens of climate, debt and tax justice" took place on 26 June 2023.
On 22-23 June, world leaders, representatives of financial institutions and private sectors and CSOs are gathering in Paris for the New Global Financing Pact Summit, convened by President Macron in response to the Bridgetown Initiative. It calls for an overhaul of the international financial system to fight inequalities, finance the climate transition and bring us closer to achieving the SDGs.
Professor K S Jomo - Facing Up to War, Military Industrial Complex, Food Security and Central Banks
Professor K S Jomo is one of Asia's most prominent economists of our time, having spent much of his career examining the challenges besetting the growth and development of emerging market economies in Asia and Africa. This, in the context of the policies practised and fomented by some of the world's richest nations in Europe and North America.
Debunking the myth of the financing gap
The upcoming Paris Summit on a New Financing Pact once again shines a spotlight on the so-called financing gap. According to an early concept note for the Summit: “Developing countries have large developmental needs and face huge financing gaps due to limited access to international markets, as well as inadequate financing mechanisms including limited concessional finance, hampering their ability to achieve the 2030 Agenda for Sustainable Development and its goals as well as the climate goals.” Such a declaration aligns with the mainstream narrative that – given the insufficiency of official development assistance (ODA), climate finance and public finance more broadly – there is a large financing gap to be bridged if the SDGs are to be achieved while also financing climate change adaptation, mitigation and Loss and Damage.
Jayati Ghosh on Sovereign Debt, China, Inflation, Capital Markets and Left Activism
Jayati Ghosh: "Brazil does not need high funds or surpluses"
Excerpt from the interview of the Indian economist Jayati Ghosh granted to Global News on 3/21/2023, in which she defends the increase in public investment in the Brazilian economy.
Sustainable Development Strategies for the XXI Century
Organized by BNDES in partnership with CEBRI and FIESP, the seminar took place on March 20 and 21, 2023, and brought together specialists from the sector to discuss the coordination between fiscal and monetary policy and how to make them compatible to promote a strategy of long-term investment in Brazil, focused on the demands of the XXI century.
Debt Restructuring and Adjustment: Cases of Sri Lanka and Zambia
Zambia is on the cusp of restructuring its external debt and has signed off on an IMF program, while in Sri Lanka, negotiations are ongoing. The goal of this session is to evaluate these arrangements from the debtor’s perspective. The focus will be on the shape of the debt restructuring deals, as well as the adjustment programs they support. By doing so, the discussion should bring together some of the hot issues in the field of development finance that tend to be treated separately: the nature of adjustment programs, IFIs’ loans to finance reforms, the possibility of a new growth path, and the type of debt workout needed to support such arrangements.
Improving the Solutions for Sri Lanka's Debt Crisis
The speakers at this event will share prescriptions from different paradigms, for how Sri Lanka can improve on its current path of economic recovery. They will present views and engage with each other on how they would prioritise specific structural corrections at a local and at a global level to provide Sri Lanka with a better set of solutions.
Lessons from Sri Lanka's Sovereign Debt Crisis
The Research Intelligence Unit (RIUNIT) hosted a webinar 'Lessons from Sri Lanka's Sovereign Debt Crisis' aimed at drawing international lessons from the current economic crises.
Will there be another Debt Crisis? Current economic challenges facing the Global South
In this interview, Jomo Kwame Sundaram shines a light on the effects that decades of liberalisation policy have had on countries in the global South, including deindustrialisation, food insecurity, and another looming debt crisis. He argues that the recent refusal to waive international property rights related to vaccines as well as sanctions on China have worsened the situation, with the odds increasingly stacked against poorer countries.
Rising U.S. Interest Rates Push Countries in Global South Toward Economic Collapse
Soaring inflation and devalued currencies have created a catastrophic debt crisis for much of the world, including in countries like Lebanon, Iraq, Egypt, Sri Lanka and Pakistan. Malaysian economist Jomo Kwame Sundaram says the instability is largely driven by interest rate hikes by the U.S. Federal Reserve, which have the effect of increasing borrowing costs for poorer countries and devaluing their currencies compared to the U.S. dollar. The intensifying U.S. economic war on China is also hurting many countries of the Global South that are linked to Chinese industry, he says.
Understanding money and the dollar system's contradictions with Radhika Desai & Michael Hudson
Economists Radhika Desai and Michael Hudson explain the relations between money and debt, their role in imperialism, and the rise of the US dollar system.
What causes inflation? Economists Radhika Desai & Michael Hudson explain
In this second episode of Geopolitical Economy Hour, economists Radhika Desai and Michael Hudson discuss inflation: what it is, what causes it, and what are the problems in how the Federal Reserve and other central banks respond to it.
Feminist Economics 101: Jayati Ghosh interviewed by Muzna Alvi
The new Feminist Economics 101 online event series is a continuation of the series featured in the 2021 pre-conference. These one-hour sessions feature interviews of senior scholars by young or early career scholars about their work and key concepts in feminist economics.
Multipolarity, decline of US Hegemony
Economists Radhika Desai and Michael Hudson presents the program and discuss the rise of the multipolar world and decline of US hegemony.
A Conversation with Jayati Ghosh on 'Development in the of Climate Crisis'
Professor Jayati Ghosh is one of the world's most prominent living development economists and a Professor of Economics at the University of Massachusetts Amherst. Her voluminous research output spans gender perspectives on development, theories of economic growth, Indian macroeconomic policy, and environmental economics, among over 200 papers and 20 books.
Moderated by Daevan Mangalmurti & Bilal Moin. Supported by the Yale Economic Growth Centre.
What do we really know about productivity differentials across countries?
Jayati Ghosh critiques and details the conceptual, methodological and empirical problems in defining and measuring productivity, the “holy grail” of economic growth. Productivity measurement encounters problems in both its numerator (output) and the denominator (input). While output measured as GDP doesn’t account for informal/intangible goods and services, the use of Purchasing Power Parity (PPP) rates over Market Exchange Rates (MER) limits meaningful comparison across countries, specifically by overstating the incomes of poorer countries.
C. P. Chandrasekhar on legacy capital accumulation in the developing world
Injecting large amounts of cheap liquidity in the economic system has been result of increasing reliance on monetary policies post the Greenspan years. This has meant asset price inflation and accumulation of large amounts of legacy capital in the emerging and frontier markets. This legacy capital makes adoption of large expenditures on social-welfare difficult due to the risk of exit of capital. C. P. Chandrasekhar argues that this may be a worthwhile pain to endure for its benefits.
C. P. Chandrasekhar on the repurcussions of neoliberal policies on the developing world
Countries in an economic rut require large fiscal expenditures to pull them out, but are stuck in a global financial framework that deepens inequalities. Recovery is difficult in the prevailing atmosphere of fiscal conservatism starting with the Greenspan years. Most debt meanwhile has been generated by advanced economies and China, as opposed to just 7% by developing countries.
Jomo: Russian aggression in Ukraine, Western sanctions & crisis for developing countries
Western sanctions on Russia, a major global exporter of grain (esp. wheat), energy and fertilizers will have negative implications on developing and poor countries on their debt, food security and nutrition. These price rises from supply-side disruptions cannot be solved by raising interest rates at the national level, as many countries are attempting today.
Jomo: MMT & Central Bank Financing for Development Financing in SE Asia
Modern Monetary Theory (MMT) gains traction and calls for increased central bank financing to solve the lack of fiscal space, especially in SE Asia, Indonesia & Philippines. The existing international and national monetary order constrains development due to inflation targeting for example.
Jomo: TRIPS waiver, & how the East vs. the West dealt with COVID-19
Multilateralism which broke down post-Cold war has remained so during this pandemic as well. Countries dealt with the pandemic differently. South Africa & India spoke up for a WTO TRIPS waiver on testing equipment and vaccines and was opposed mainly by the EU. There has been enormous resistance to compulsory licensing as well, contributing to worsening health indicators.
Jayati Ghosh on India: From Crisis to Development
During the pandemic, governments have privileged capital over people, as Jayati Ghosh discusses this in the Indian context with respect to Intellectual Property Rights in vaccines, digital monopolies, and corporate and indirect tax policies prevailing since pre-pandemic.
This has led to collective weakening of worker's bargaining rights in the absence of adequate regulation and weakening countervailing powers.
Dipa Sinha on India: From Crisis to Development
The Covid pandemic has brought along with a health crisis, considerable economic, employment and food security crises as well. These effects were cushioned to some extent for beneficiaries of free Public Distribution System grain. In this regard, Prof. Sinha re-emphasizes the urgent need for sufficient resource allocation and universalization of Public Distribution System.
Prof. Chirashree Das Gupta on India: From Crisis to Development
Prof. Chirashree Das Gupta begins with an overview of social reproduction and unpaid labour, and its interlinkage with caste, patriarchy and class.
Sumangala Damodaran on India: From Crisis to Development
IDEAs organised a online webinars series “Development Agenda for the Post-Pandemic Era”. The first webinar titled “India: From Crisis to Development” was held on January 22, 2022 at 7:30 pm IST.
How Asia's Growth has Relied on Women's Paid and Unpaid Labor
In the first lecture of the lecture series on "Gender and Prosperity in Asia" organized by the Institute of Global Prosperity (IGP) at University College London, Jayati Ghosh discusses "How Asia's Growth has Relied on Women's Paid and Unpaid Labor".
Plenary Keynote Lecture for Democratizing Work Conference
In the Democratizing Work plenary keynote session, chaired by Adelle Blackett, Jayati Ghosh discussed The Relevance of Decommodifying Work for People and the Planet.
Access to vaccines and the Limiting role of Intellectual Property Rights and Pharma Monopolies
Jayati Ghosh discusses the access to vaccines and the limiting role of intellectual property rights and pharma monopolies. The lecture is part of the LSE ID Cutting Edge Issues in Development Thinking & Practice series.
A global tax deal: A victory for whom?
Raul Rigo, Martin Guzaman, José Antonio Ocampo, Joseph E. Stiglitz and Jayati Ghosh discuss how global tax systems can be reformed and how profits can be reallocated to boost development.
Why Adaptation: Building Resilience in the Global Climate Emergency
Keynote Address by Jayati Ghosh
Feminist Economics with Jayati Ghosh
In this five-part lecture series, the renowned scholar guides us through the field of feminist economics and shows how our understanding of the economy, theory and policy changes with the adoption of a gender perspective.
Three Decades of Neo-liberal Reforms in India: Critique and Resistance
A Panel Discussion with Prof. Prabhat Patnaik, Prof. CP Chandrasekhar and Prof. Jayati Ghosh, and moderated by Prof. Surajit Mazumdar.
Rethinking Development: Towards a Post Hegemonic World
This panel discussion was part of the fourth annual UNCTAD YSI Summer School.
Diversifying Economics Globally – Part I
Organized by International Economic Association (IEA) - Economics for Inclusive Prosperity (EfIP)
Panel on Globalization
International Economic Association Online World Congress, Indonesia 2- 6 July, 2021.
Do Formalisation Policies help Women Workers?
Panel discussion on the new book “Informal Women Workers in the Global South” with Jayati Ghosh, Martha Chen, Diane Elson, Pasuk Phongpaichit, Dzodzi Tsikata, Hameda Deedat, and C.P. Chandrasekhar
Financialization and the Crisis of Capitalism
The event brings to attention to the evolution of capitalism as a global economic system while highlighting the role of financialization, especially in the Global South. The interactive panel discussion engages with themes of macroeconomics, the political economy of finance, the social history of capitalism
The Pandemic and the Economic Crisis: A Global Agenda for Urgent Action
Press conference of the INET Commission on Global Economic Transformation's Interim Report on the Global Response to the Pandemic
Agrarian Change Seminar: 'Protests against the New Farm Laws in India'
Vikas Rawal discusses why the farmers are opposing the Agriculture Laws in India, the social and class basis of the resistance and the potential changes it can bring about in the direction of state policies.
How Can The Indian Economy Be Rescued?
lummeting GDP, squeeze on jobs – is there a way to rescue the Indian Economy?
Will India be able to create a $ 5 trillion economy?
The Green Renaissance: Unpacking a Green Recovery
An increasing number of policymakers, financiers and economists have joined the United Nations Secretary-General Antonio Guterres in calling for a green recovery from COVID-19. But what does this actually mean? What obstacles will we have to overcome to implement this in practice? And has the global response to COVID-19 so far made our prospects of doing so more or less likely?
INET Webinar: COVID-19 and the developing world
Developing countries, many of which appear not to have felt the health effects of COVID to the same extent as Europe and the US, are nonetheless facing severe economic effects as the pandemic pushes the global economy into a recession.
Webinar: Covid-19 Crisis and Emerging Economies
How does the Covid-19 crisis get transmitted to emerging economies? What policies are pursued in the countries (special attention given to India, South Africa, Turkey)? Which international support policies are granted to the developing world? What are the social and political impacts of the crisis? Economists discuss the social and economic crisis in emerging economies in the current global context.
Webinar – The Coming Global Recession: Building an Internationalist Response
A video recording of a webinar held on 8 April with Professor Jayati Ghosh, Quinn Slobodian, Walden Bello and Lebohang Pheko on the likely global impacts of the economic fallout from the Coronavirus and how we might be better prepared than the 2008 economic crisis to put forward progressive solutions.
Coronavirus Lockdown has Already Done More Damage to Economy than Demonetisation'
In an interview that paints a stark and dramatic picture of the damage the coronavirus health scare will do to the economy – and is the first wake up call in this regard – professor Jayati Ghosh of Jawaharlal Nehru University says more damage has already after been done to the economy in two days of lockdown than by demonetisation since it happened in November 2016. She says growth in March is already negative and the economy will shrink over the next three months.
Every single number in Budget 2020 is a lie
Taxing MNCs: The importance and the issues
Tax Justice Network Virtual Conference: Where next for global taxing rights?
Technical and political analyses of the OECD tax reform
11 December 2019
Neoliberal Globalisation Delivers Slow Growth
The neoliberal trap the Modi government finds itself in is not just an Indian phenomenon, says economist C. P. Chandrasekhar.
GST & Demonetisation Disproportionately Affected Informal Sector
Prof Jayati Ghosh talks about the state of economy and what lies ahead. She talks about long term impact of various economic policies adopted by Govt and how it is going to create troubles.
Prof. Jayati Ghosh speaks on India's Global Integration and its Implications
Centre for Informal Sector and Labour Studies, SSS I, JNU organised a Seminar on the topic, 'Dreams and Reality: Unpacking India's Economic Crisis' at SSS I Auditorium JNU from 2-00 p.m. to 7-00 p.m., Friday 13 Sept 2019
International Social Forum 2019 | Closing Plenary
Women in Agriculture : Challenges and Way Ahead
What are some of the challenges faced by women in agriculture in India? What are the possible ways out of the agrarian crisis, that is hurting women farmers and agricultural workers the hardest? A panel discussion was organised by Focus on the Global South, Economic Research Foundation in collaboration with Rosa Luxemburg Stiftung –South Asia.
Big Discrepancy in Budget: Interview with JNU Prof Jayati Ghosh
Are the budget figures reliable or are they misleading and perhaps arguably false? That's the question we address in this interview with Professor of Economics at Jawaharlal Nehru University Jayati Ghosh.
Krishna Bharadwaj Memorial Lecture 2019
Prashant Bhushan speaks on Current Threats to the Constitution at Krishna Bharadwaj Memorial Lecture 2019 jointly organised by Faculty of CESP JNU and JNUTA at SIS New Building, JNU on Thursday, 14 March 2019, 4-30 p.m.
Amartya Sen in a conversation at a Book Release on the Indian Economy under Modi
Prof. Amartya Sen released a volume on the Indian economy under the Modi sarkar edited by Dipa Sinha, Shouvik Chakraborty, Srinivasan Ramani and Rohit Azad. It is a collection of 14 articles on almost every aspect of this government done in a simple objective fashion. The authors have let the data speak for themselves! Prof. Amartya Sen, Prof. Gopalkrishna Gandhi, C. Rammanohar Reddy and Prof. Zoya Hassan were in conversation with Prof. Jayati Ghosh.
Lecture Series on Alternate Theories of Growth and Distribution
The classical, neoclassical and the new theories of growth and their implications for development macroeconomics with a direct focus on issues of distribution. The determinants of the wealth of nations and also the appropriate national policies to achieve sustained and stable growth. The economic machine regarded as being in motion towards its long run (steady state) equilibrium, in all its giant complexity with many interrelated markets and different agents, classes and institutions. Examination of the recent evidence on the stylized facts and empirical regularities of economic growth across nations. Study of traditional models of growth that were designed to explain these facts through various hypotheses, and focus on the inter-linkages between growth and distribution as envisaged through alternative paradigms. Study of the necessary ingredients of endogenous sources of growth and look at the seminal endogenous growth models; focusing, in particular, on the role of technological change and the market structure. Study of alternatives to the neoclassical vision of the economy and contrast the structure and implications of models based on Marxian and (Neo)-Ricardian growth.
Jayati Ghosh on the Employment Crisis and Lack of Effective Demand in India
Jayati Ghosh speaks on the employment crisis, which is essentially the result of inadequate demand in India. Labour-displacing technological change is a problem not in itself but because it occurs in a neoliberal economic context, in which public spending on employment-intensive activities is constrained. She proposes massive expansion in public employment (in education, health, sanitation, care services including for the young and the elderly, community services etc.) and the need to support micro and small enterprises through credit, input and marketing assistance, basic infrastructure and amenities like power and water supply etc. She argues financing these activities is a matter of political will, as required funds can be garnered by reducing tax exemptions,especially to big corporations and ensuring greater tax compliance by them, as well as measures like wealth and inheritance taxes.
In Focus: with Prof. Prabhat Patnaik - Part I
This is the first part of a two-part interview with Prof. Prabhat Patnaik, a highly respected political economist and former Vice Chairman of the Kerala State Planning Board in India. In the interview, Prof. Patnaik delves into capitalism, socialism and petty production; planning for development; and the idea of university.
Professor C. P. Chandrasekhar on amalgamation of three banks
In an attempt to resolve the Non Performing Assets crisis in the country, the government's projected solution in the form of bank mergers, like the recent Vijaya Bank, Dena Bank and Bank of Baroda merger, points out that the end game of this process is privatization.
Development and What it actually means
In a seminar remembering Vineet Kohli, the economist from TISS, a panel of economists discuss the idea of Development and how the idea has changed over the years. Utsa Patnaik, T Jayaraman, Prabhat Patnaik, Abhijit Sen and C. P. Chandrasekhar open the conversation with the audience seminar on Aug. 19, 2018 (Sunday) at CSLG Committee Room.
Prof. Prabhat Patnaik on Alternative Discourses in Macroeconomics
The School of Social Science Council JNUSU had organised a workshop titled ‘Alternative Discourses in Macroeconomics’, conducted by Emeritus Professor, Prabhat Patnaik. The Council is pleased to inform that this will be continued as a lecture series in the coming days on every Friday at 4.30 pm, Room No. 203, SSS III.
Prof. C. P. Chandrasekhar speaks on ‘Revisiting 'Capital' in the Age of Finance'
The third lecture, titled ‘Revisiting Capital in the Age of Finance’, was delivered on 23rd September, 2017 at the India Habitat Centre in New Delhi. In this lecture, he talks about the phases that capitalism went through since its inception.
Prof. C P Chandrasekhar speaks on 'Karl Marx’s Capital & the Present’
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.
EURODAD Conference 2017: Development Finance Landscape: Why Alternatives are needed
Jayati Ghosh, Kavaljit Singh and Mikaela Gavas discuss the current capitalist stagnation after the global crisis, in which finance has re-emerged as a dominant player and global concentration is adding to inequality. Instead of prioritising the uses of scanty international aid, what is required is political leadership that ends fiscal austerity and ensures more democratic control over finance, as well as trade policies that enable industrialisation and structural transformation.
Jayati Ghosh speaks on Imperialism in the 21st Century
Imperialism, explains the renowned economist - whether explicit or implicit - is about the struggle to control economic territories such as markets, workers and natural resources. From explicit colonial control, imperialism has today evolved into forms of "inter-imperialist rivalries" wherein instead of a "free market", the state exercises its control to further the interest of capitalists, rather than common people.
August 2, 2023
