A Tale of Two Discourses
Apr 19th 2018, Prabhat Patnaik
The Hindutva bubble has clearly burst. Mass demonstrations by peasants, traders, doctors, teachers, students and even school children in the past few days have shown that not only the fear gripping the people is over but also the Indian political discourse is shifting towards material-practical matters, again acquiring a resemblance to what it had been in the pre-Modi years.
Plurality in Teaching Macroeconomics
Apr 18th 2018, Rohit Azad
For economists, the Great Recession—the worst crisis the world has seen since the Great Depression of the 1930s - has highlighted the need for plurality in macroeconomics education. Ironically, however, there is a move towards greater insularity from alternative or contrasting points of view.
The Prospect of Food Shortage
Apr 9th 2018, Prabhat Patnaik
Contrary to the fears of orthodox economics, persistent and even growing hunger in the world today arises not due to "excessive population" but due to the social arrangement; not because there is too little output relative to population but because there is too little demand relative to output.
The True Face of the Global Recovery
Apr 11th 2018, C.P. Chandrasekhar and Jayati Ghosh
Optimistic assessments of the synchronised recovery across the world economy ignore the factors driving the weak upturn that make it fragile.
How Unequal are World Incomes?
Mar 27th 2018, C.P. Chandrasekhar and Jayati Ghosh
Global inequality has reduced as income growth shifts from the Northern countries to emerging markets like the BRICS. But this shift is quite limited and has not benefited the bulk of people in the developing world.
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.
Symposium on Inequality in honour of A B Atkinson
Mar 23rd 2018.
Job Opening at Economic Research Foundation
Jan 31st 2018.

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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