PRAGOTI

Prabir Purkayastha contrasts the results to two recent elections - the presidential elections in Brazil and the Congressional polls in the United States. Article, courtesy Newsclick India. 

“In more than 30 years of teaching introductory macroeconomics, says Alan Blinder of Princeton University, he has never seen interest as high as it was last year... the crisis has also highlighted flaws in the existing macroeconomics curriculum... Courses in many leading universities are already being amended... Discussion of the “liquidity trap,” in which standard easing of monetary policy may cease to have any effect, had fallen out of vogue in undergraduate courses but seems to be back with a vengeance. Asset-price bubbles are also gaining more prominence.”

• excerpts from the article titled “Revise and Resubmit”

If the nuclear weapon state (NWS)-parties to the Nuclear Non Proliferation Treaty are at all serious about implementing Article – VI, at the 2010 NPT Review Conference they would have given binding unqualified negative security assurance to Non-NWS, consent to a no-first-use pledge between the NWS, agree to de-alert all deployed nuclear weapons, and take necessary steps to begin preparations for holding a nuclear weapons convention. Without these binding commitments, every other step would merely amount to an exercise in futility.

"History no doubt does not repeat itself with any predictable monotony, but it would be a mistake not to see certain chilling similarities between the 1930s and now".Eminent economist Prabhat Patnaik writes. Article courtesy: www.networkideas.org