Prof. Jayati Ghosh on employment crisis and the problem of lack of effective demand in India

Jayati Ghosh speaks on the employment crisis, which is essentially the result of inadequate demand in India. Labour-displacing technological change is a problem not in itself but because it occurs in a neoliberal economic context, in which public spending on employment-intensive activities is constrained. She proposes massive expansion in public employment (in  education, health, sanitation, care srvices including for the young and the elderly, community services etc.) and the need to support micro and small enterprises through credit, input and marketing assistance, basic infrastructurer and amenities like power and water supply etc. She argues financing these activities is a matter…

Professor C. P. Chandrasekhar on amalgamation of three banks C. P. Chandrasekhar

In an attempt to resolve the Non Performing Assets crisis in the country, the government's projected solution in the form of bank mergers, like the recent Vijaya Bank, Dena Bank and Bank of Baroda merger, points out that the end game of this process is privatization. (This video was originally published in the News Click on September 19, 2018)

Development and What it actually means A seminar remembering Vineet Kohli, the economist from TISS.

How has the idea of development has changed over the years? Utsa Patnaik, T Jayaraman, Prabhat Patnaik, Abhijit Sen and C. P. Chandrasekhar participate in a discussion moderated by Jayati Ghosh, at a seminar held on 19 August 2018 in Jawaharlal Nehru University to remember the young economist Vineet Kohli who passed away recently. (This video was originally published in the News Click on August 20, 2018)

Lecture series by Professor C. P. Chandrasekhar on ‘Karl Marx’s Capital & the Present’

The Safdar Hashmi Memorial Trust (SAHMAT) organised a series of four lectures by the eminent economist Prof. C.P. Chandrasekhar to commemorate 150 years of the publication of Volume I of Karl Marx’s seminal work, Capital at Indian Habitat Centre, New Delhi. First Lecture (on 9 September 2017) The first lecture, titled ‘Capital and the critique of bourgeois political economy’, was delivered on 9th 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.…

Economic Development for Transformative Structural Change

Economic Development for Transformative Structural Change: Lack of Alternatives Is Not the Problem (pt 1/4) Historically all major thinkers about the economy were development economists as they saw the economy going through transformative structural changes and that is what they studied, says co-editor of The Handbook of Alternative Theories of Economic Development. Economic Development for Transformative Structural Change (pt.2/4) 1947 was a year of political ambition, says a panelist for the book launch of The Handbook of Alternative Theories of Economic Development in posing the question, "Do we have that same level of ambition in the current crop of international…

EURODAD Conference 2017: Development Finance Landscape: Why Alternatives are needed

Second Plenary Session of Eurodad Conference 2017 Speakers: Professor Jayati Ghosh (Jawaharlal Nehru University) Kavaljit Singh (Madhyam) and Mikaela Gavas (Overseas Development Institute) Moderator: Penny Davies (Diakonia) Jayati Ghosh, Kavaljit Singh and Mikaela Gavas discuss the current capitalist stagnation after the global crisis, in which finance has re-emerged as a dominant player and global concentration is adding to inequality. Instead of prioritising the uses of scanty international aid, what is required is political leadership that ends fiscal austerity and ensures more democratic control over finance, as well as trade policies that enable industrialisation and structural transformation. Click here for more…

Jayati Ghosh speaks on ‘The complexities of success: Globalisation, inequality and economic insecurity in China and India’

Despite being the biggest beneficiaries of the recent phase of globalisation, India and China show rising inequalities, greater fragility and insecurity of material life for a significant section of the population. As well as environmental crises, insufficient employment generation and looming demographic challenges. Growth trajectories that have increased and relied upon inequalities of different kinds breed the invisible discontents of globalization.

Jayati Ghosh speaks on Imperialism in the 21st Century

Imperialism, explains the renowned economist - whether explicit or implicit - is about the struggle to control economic territories such as markets, workers and natural resources. From explicit colonial control, imperialism has today evolved into forms of "inter-imperialist rivalries" wherein instead of a "free market", the state exercises its control to further the interest of capitalists, rather than common people.

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