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: 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…
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…
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.
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.
Jayati Ghosh speaks on International Symposium on Global Redistribution and the Challenges of Financing Development held at ISS on 16 and 17 February 2017.
Jan Kregel speaks on International Symposium on Global Redistribution and the Challenges of Financing Development held at ISS on 16 and 17 February 2017.
“Demonetisation Decoded: A critique of India’s currency experiment”, written by Jayati Ghosh, C.P. Chandrasekhar and Prabhat Patnaik and published by Routledge India, is an important book that provides a quick and concise explanation of the goals, implications, initial effects and the political economy of the major demonetisation move of the Indian government, that involved de-recognition of over 86 per cent of the value of Indian currency in circulation in one stroke.
Prabhat Patnaik speaks on capitalism and its current crisis at the Inaugural Conference of the Geopolitical Economy Research Group (GERG) at the University of Manitoba.
According to Prabhat Patnaik, the Greek referendum is very significant in the sense that this is the first time there has been a referendum on an economic issue and it marks a break bringing economic policymaking back into popular discourse.