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Has There Been an MSP Hike for Kharif Crops?
16 July, 2018, Prabhat Patnaik
The government’s MSP hike is just a cynical ploy, there has been no hike in real terms for major crops compared to the base year and the government not cognizing C2 in its MSP fixing while taking (A2+FL) is fundamentally erroneous and has no rationale as it leaves out the poorest landless farmers.
The Invisible Class
20 June, 2018, Prabhat Patnaik
The peasantry has been dubbed as the ‘invisible class ‘for the simple reason that it has been outrightly ignored. A basic comparison of the per capita GDP of this invisible class across two years using the Economic Survey 2017-18 gives veracity to these claims.
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.
Technological Change and Impoverishment
19 March, 2018, Prabhat Patnaik
Socio-economic effects of technological change depend upon the property relations within the system they occur. While in socialism higher labour productivity can improve the conditions of workers, in capitalism, the same has lead to growing relative labour reserves, and hence impoverishment.
A Year of Wilful Economic Disaster
08 January, 2018, Prabhat Patnaik
The uniqueness of 2017 lies in the fact that never before has the country seen a government-caused economic crisis as serious as was witnessed in this year.
The Problem with the Indian Left
27 December, 2017, Prabhat Patnaik
The current problem with the Indian Left, and in this term I include all sections of the Left, from the so-called "parliamentary Left" to the so-called "revolutionary Left", is in my view, its lack of appreciation of the dialectics between "reform" and "revolution".
The Growing Income Inequality
05 October, 2017, Prabhat Patnaik
The conclusion drawn by Piketty and Chancel in their recent paper shows a greater income inequality in India than it has ever been in the past century. But what stands out is that the trend perfectly synchronizes with transition to neo-liberalism, a stage of capitalism wherein international finance has gained hegemony, and no longer remains a policy choice.
Financing Education
08 August, 2017, Prabhat Patnaik
The central governments Draft National Education Policy promotes privatization of education to meet its target, which is not only logically absurd but also legitimizes inequality. Solutions like student loans are impractical with educated unemployment, and fee subsidies turn counterproductive. The one efficient way is to extract the private funds through progressive direct tax, but that seems impossible in this neo-liberal era.
The Question Of Farm - Loan Waiver
23 June, 2017, Prabhat Patnaik
The primary reason why loan-waiver is being demanded at present is not an output fall owing to any natural calamity. It is the price-fall on account of the bumper harvest that underlies this demand. It is the breaking down of an appropriate institutional mechanism that is responsible for the peasants distress and periodic demands for loan-waivers.
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.
Evolution of India as a Nation
06 March, 2017, Sitaram Yechury
This piece is the author's deliberations made in the Opening Session, "The Idea of the Nation" of the day-long Seminar on "Interpreting the World to Change It", held on February 11, 2017, in New Delhi to mark the release of Festschrift for Prabhat Patnaik.
Demonetisation: All pain for the majority
23 November, 2016, C.P. Chandrasekhar
The way the political establishment, sundry pundits, the media and a large section of the untutored or sycophantic elite of the country underestimated the extent of pain that the demonetisation measure would inflict on Indias poor and lower middle classes, points to their disconnect from a reality which bears little resemblance to the vision of a dynamic market economy they presume they inhabit.
The Chimera of a 'Cashless' Economy
18 November, 2016, Prabhat Patnaik
In its attempt of moving towards a cashless economy, when the government is forcing people to do so through the demonetisation exercise it is an act of sheer authoritarianism that is no less reprehensible than an attack on people's civil liberties.
Colombia: The search for elusive peace
09 November, 2016, Jayati Ghosh
Despite the peace agreement was rejected by the referendum, the peace process in Colombia is not over and there is hope that the agreement can be tweaked and then implemented.
When Charity does not begin at Home
19 October, 2010, Jayati Ghosh
In the new 21st century when India is considered to be an emerging power, we are supposed to be much more self-confident, more able to look inwards and to our neighbours and use our resources to benefit our own society and people. Unfortunately, our dynamic new bourgeoisie seems to have even less self-confidence than the brave individuals who managed to build industrial empires starting from a heavily colonial and difficult context.
India: A Setback for Neo-Liberalism
10 June, 2010, Prabhat Patnaik
The current developments in India mark the beginning of a process of the polarization of society into two camps, a pro-imperialist camp supported by the Fund, the Bank, globalized finance and the MNCs, and an anti-imperialist camp led by the Left but encompassing diverse elements. The degree to which consolidation of the latter camp can be successfully accomplished depends crucially on the ability of the Left to overcome sectarianism and narrowness of outlook and unite the widest possible segments of anti-imperialist social forces.
Reflections on the Left
01 July, 2009, Prabhat Patnaik
The results of the recent Indian election suggest that the Left needs to pursue its resistance to imperialism along with an alternative approach to "development", which defends the interests of its class base. If the Left abandons anti-imperialism, it will not only erode its existing class base, but also push the "basic classes" into the arms of extremist ideologies.
The Left and Elections 2009
22 May, 2009, Jayati Ghosh
Undoubtedly the result of the general elections of 2009 has been a major setback for the Left Front but it can be turned into an opportunity for its revival and expansion if it draws the right lessons from this defeat and changes strategy accordingly.
Assessing the Recent West Bengal Experience
20 March, 2009, Jayati Ghosh
A report prepared by Indicus Analytics on the economic development of West Bengal tries to portray a dismal performance of the state with regard to growth, employment, poverty reduction, health etc. The article tries to question the findings of the report and argues that in many counts West Bengal has performed much better than the national average.
A Perspective on the Crisis
18 October, 2008, Prabhat Patnaik
After the demise of the Keynesian policies, the world economy has been dependent upon private expenditure for boosting aggregate demand. The consequent boom causes deterioration in the conditions of people in the third world, while the crash also adversely affects them. The present financial crisis also will have a similar impact on the masses of the third world.

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