MacroScan is a website managed by the Economic Research Foundation, New Delhi, seeking to provide an alternative to conservative and mainstream positions in economics. It undertakes and disseminates analyses, by professional economists, of the Indian and global economy that are informed by the perspective that:
- distributive justice should be a primary goal of economic policy
- socio-economic structures are important in determining economic outcomes
- markets are not always benign
- globalisation as it occurs today is inequalising and is a challenge to sovereignty in economic policy-making
- state intervention and regulation are crucial for improving overall welfare.
MacroScan also seeks to build capacities to undertake such analyses in order to strengthen those advocating an alternative economic paradigm. Towards this end it has built a comprehensive database on the Indian economy. The database includes time series information dating from as early as the 1950s, on a host of variables in the areas of national accounts, money supply, public finance, prices, agricultural and industrial production, trade and the balance of payments. All the data series available in the database are listed under different heads to make access easier. Further, MacroScan provides analytical surveys of recent macroeconomic trends, regular updates on economic issues, and comprehensive economic reports.
Economic Research Foundation (ERF) is a registered not-for-profit trust engaged in research, training and the dissemination of information and analysis in the area of development economics. It seeks to evolve alternative policies aimed at alleviating deprivation and to build capacity for formulating and implementing such policies. A focus of its activities is the use of information technology to further these ends. Apart from Macroscan, the Foundation maintains two other websites, www.networkideas.org and www.mappingfinance.org on behalf of International Development Economics Associates (IDEAs). There has been substantial and growing interest in the Macroscan and IDEAs websites, with networks members sending in comments, responses and articles and research papers for the websites. The studies that are being conducted, dissemination activities that are being organized, and debates being furthered by ERF are expected to influence in myriad ways both the policy discourse and policy making in developing countries in Asia.
Research undertaken by ERF is coordinated by Prof. C.P. Chandrasekhar and Prof. Jayati Ghosh, and is supported by a team consisting of economists, researchers and other support staff including web managers, etc. It also organises various activities in the form of conferences, workshops and seminars in India and in other countries, to encourage alternative research and dissemination of the research findings, as well as greater interaction and academic contact at a personal level.
ERF is registered under Sub-Registrar VII, New Delhi, Government of India and is also registered under the Foreign Contribution (Regulation) Act, 1976. The trust has blanket clearance from the Home Ministry, Government of India under the FCRA to receive foreign contributions.