Political Economy

Economics behind the Oil Prices in India

That this government has lost all sense of proportion is evident from the arguments ranging from ridiculous to the outrageous made by its senior leaders to justify the recent increase in prices of essential fuel supplies. Embroiled in the wave of corruption, the present dispensation, which has scant regard to the livelihood of millions of poor people, has lost all moral authority to govern this country. 

Exploitation and Freedom

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"The coming together of the workers and ‘reserve labour’ will set the stage for decisive battles against imperialist exploitation. The beginnings of this have been seen in Latin America throughout the past decade and more recently in Europe and the Arab world", argues Prasenjit Bose, in a paper presented in a Conference on "Accumulation, Immiserisation and Development" in JNU on March 7, 2011.

Wikileaks unveils the “grand designs” of the Indo-US defence framework

Cartoon on Indo-US strategic alliance. Source: The Hindu
 
The article published in the March 28 edition of The Hindu, titled 'U.S. cables show grand calculations underlying 2005 defence framework', covers a very significant period of modern India in which the Congress-led UPA government led the country decisively into the US strategic orbit, writes D. Raghunandan of the Delhi Science Forum. This process is still very much on, sometimes openly, but more often than not through the backdoor.
 

Crisis, Chains, Change: The American Exception to Marxism

Eminent Marxist Vijay Prashad addresses a plenary session of the American Studies Association Presidential Panel and discusses the relevance of Marxism in "these times". Article courtesy, Counterpunch Magazine.

Marx’s Capital and Its Relevance Today

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Leftword has recently republished the three volumes of Capital alongwith a book, Marx's Capital: An Introductory Reader. The reader contains essays by Marxist scholars like Prabhat Patnaik et. al: http://leftword.com/bookdetails.php?BkId=284&type=PB Pragoti is publishing extracts of the essay contributed by Prasenjit Bose to the volume.  

Notes on Contemporary Imperialism

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Leading macroeconomist and Marxist-Leninist theorist Prabhat Patnaik writes on Contemporary Imperialism. 

Direct Taxes Code: Some Concerns

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The Direct Tax Code, which initially raised the hopes that corporate sector will finally contribute its due by way of tax payments, seems to have taken a beaten track. Many of the new provisions might have negative implications for tax revenue and ordinary people will, as usual, be made to suffer through cuts in government expenditure on health, education, food security, Vineet Kohli writes for Pragoti. 
 

The crisis in apple industry

 

 

An apple a day keeps the doctor away!  This is the famous couplet made to enhance the immunity of the human being. But the state that produces the largest quantity of apples in the country is facing the severest of the crisis , thanks to the neo liberal policies and the inept administration of the BJP government.

The Paradox of Thrift and the US Economy

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 A short note on the concept of Paradox of Thrift and its misunderstandings in the context of the US economy. This is a slightly technical piece, but I thought it was still worth putting down as a blog entry. (Teaser Image courtesy, Salon.com)

Public Private Partnership in Infrastructure: A Critical Analysis

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Public Private Partnership (PPP) is the new matra for infrastructure development in India. It is argued in official circles that this model is efficient and can solve the problem of infrastructure for the country. Amitayu Sen Gupta provides a theoretical critique of PPP.