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The Prospect of Food Shortage
09 April, 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.
Commoditization and the Public Sphere
02 April, 2018, Prabhat Patnaik
The distinction between the sphere of market and the sphere of public discourse remains central to liberalism. But under capitalism, the public sphere becomes untenable due its “spontaneous” destruction by the markets’ immanent tendency towards commoditization, as we are witnessing everywhere today. In such a world, a fight towards democracy is itself a means of advancing the struggle for socialism.
The Dramatic Rise in Wealth Inequality
25 January, 2018, Prabhat Patnaik
Notwithstanding the statistical difficulties associated with the estimates of wealth distribution, there is no gainsaying the fact that something extremely serious for our democracy and freedom is occurring through the extraordinary rise in wealth inequality, as a result of the pursuit of unrestrained neo-liberal economic policies by the present government.
Karl Marx's 'Capital' and the Present: Four Essays
30 December, 2017, C.P. Chandrasekhar
Capitalism has been hugely transformed in the 150 years since the publication of the first German edition of Capital, especially with the rise to dominance of finance and the overwhelming presence of financial wealth.
Marx and Naoroji
20 December, 2017, Prabhat Patnaik
In the early 1850s Karl Marx, living in Dean Street in Londons Soho, was working on his opus Capital, of which a preliminary fragment was published in 1859 as A Contribution to the Critique of Political Economy........
Moody's Upgrade
20 November, 2017, Prabhat Patnaik
The slight upgrade of India’s credit worthiness by Moody, that equates finance with nation, is being celebrated by the media as a mark of Modi’s success, but the criteria it has used to judge are in actuality open assaults by the government on the working population. To transcend such neo-liberal capitalism, the wrongness of this criteria must be understood first.
C.P. Chandrasekhar speaks on "Karl Marx's Capital & the Present"
30 September, 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.
C.P. Chandrasekhar speaks on 'Revisiting 'Capital' in the Age of Finance'
23 September, 2017,
The third lecture, titled 'Revisiting Capital in the Age of Finance', was delivered on 23rd September, 2017 at the India Habitat Centre in New Delhi. In this lecture, he talks about the phases that capitalism went through since its inception.
C.P. Chandrasekhar speaks on "Order and Anarchy in Capitalist System"
16 September, 2017,
The second lecture, titled 'Order and Anarchy in Capitalist Systems, was delivered on 16th September, 2017 at the India Habitat Centre in New Delhi. In this, the professor talks about the various anarchic tendencies of capitalism, which culminate in a crisis due to overproduction at one pole and underconsumption at the other.
C.P. Chandrasekhar Speaks on 'Capital and the Critique of Bourgeois Political Economy'
09 September, 2017,
The first lecture, titled 'Capital and the critique of bourgeois political economy', was delivered on 9 September 2017 at the India Habitat Centre in New Delhi. In this lecture, Professor Chandrasekhar talks about Marx's analysis of capitalism as an inevitably transient mode of production in a constant opposition to political economists of that period, and his contributions to the Labour Theory of Value. He also discusses how Marx's analysis does not fully examine the role of the state and the periphery as sites for primitive accumulation thus overestimating the transformative potential of capitalism.
150 years of 'Das Kapital': How relevant is Marx today?
24 August, 2017, Jayati Ghosh
After 150 years of Das Kapital, the seminal work of the 19th century economist still provides a framework for understanding contemporary capitalism. The unique social relations such as free labour and commodity fetishism, that according to Marx, define capital, are reflected in the uneven and unstable development of the world market.
Imperialism Still Alive and Kicking: An Interview With Prabhat Patnaik
20 June, 2017,
Imperialism is the arrangement that the capitalist system sets up for imposing income deflation on the working population of the third world for countering the threat of inflation that would otherwise erode the value of money in the metropolis and make the system unviable. A delinking from globalization by an alternative State, based on a worker-peasant alliance, is required for improved living conditions of the third world working population.
Communalism and Working Class Struggles
10 April, 2017, Prabhat Patnaik
Neo-liberalism creates the condition for the growth of majority communalism by making mobilizations along class lines more difficult, despite the squeeze it imposes on the toiling classes.
Demonetization as a Means of Fighting "Black Money"
06 December, 2016, Prabhat Patnaik
It is very obvious by now that demonetization, far from being an attack on the black economy, has in effect turned out to be an attack on the vulnerable informal segment of the white economy.
Demonetization of Currency Notes
10 November, 2016, Prabhat Patnaik
The argument, that the demonetization of 500 and 1000 rupee notes constitutes an attack on black money, is based on an utter lack of understanding of the nature of black money, a conception of it that is staggering in its simple-mindedness.
Developing "Infrastructure"
25 October, 2016, Prabhat Patnaik
One can intervene in income distribution in an egalitarian direction by restraining the investment in infrastructure that is met at the expense of other socially-pressing needs and rationing the infrastructure in question.
The Growing Resistance against Globalization
21 October, 2016, Prabhat Patnaik
All across the world the tide is beginning to turn against globalization through the growing resistance of the working people and remarkably, nowhere it is being led by the Left.
Nirmal Kumar Chandra
15 April, 2014, Prabhat Patnaik
Totally free of any malice and devoid of any pettiness, Nirmal Kumar Chandra was the sort of person one often reads about in fiction but scarcely meets in real life.
Class War at the Capital
19 September, 2013, Prabhat Patnaik
Indian State's treatment of workers under neoliberalism is not a normal "class war," but a "class war" in which the ruling classes are fast moving in the direction of fascism.
Call for Papers for International conference on: Cooperatives in Transition in the Era of Globalisation
06 March, 2013,
Cooperatives were the earliest form of organisation of working people in the world. Over the years, they exemplified the importance of worker cooperation and underlined the potential of organisation, solidarity, mutual assistance and unity of action of the working class in a capitalist society.

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