Sudipta Bhattacharyya

Neo-liberalism looks Misty through Amartya Sen’s ‘Snakes and Ladders’

Prof. Amartya Sen in a recent lecture ‘Snakes and Ladders’ compared the performances of Europe, China and India. He pointed out that the economic policy of ‘austerity’ pushed the developed world ‘into the mouth of a fairly hefty snake’. On the other hand though India’s experiment about democracy is relatively successful, abysmal inequality prevails here; so much so that it’s social development indicators are not only below China, but also below Bangladesh. To save developed and developing world including India from ‘hefty snakes’, state should ensure education and health security and it should act as the ‘social mediator’. Having broad consensus with Sen, Sudipta Bhattacharyya puts forward some important disagreements.

Nobel in Economics: The Politics of ‘Imperialization’

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In 2011 the Nobel Prize in Economics has been given to two macroeconomists Thomas Sargent and Christopher Sims. At the juncture of deep economic crisis worldwide; particularly in North America and Europe what is the contemporary relevance of Sargent and Sims’ ‘seminal work’ in 1970s? Does the Nobel Committee try to prove any point regarding the burning issues centering global economic crisis? To get an answer we have to analyze the Nobel in Economics from its historical perspective.