Neo-Keynesianism The following article is from The Great Soviet Encyclopedia(1979). It might be outdated or ideologically biased. Neo-Keynesianism a bourgeois theory of state-monopoly regulation of the capitalist economy. Neo-Keynesianism is a modification of Keynesian economics to suit the historical conditions that took shape after World War II. Among the...
The 12th and last five year plan of India was completed on March 31, 2017. With this, the five year plans have become a thing of past. It was already announced that there will be no more five year plans. In August, 2017, NITI Aayog has...
The Finance Commission of India came into existence in 1951. It was established under Article 280 of the Indian Constitution by the President of India. It was formed to define the financial relations between the centre and the state. Finance Commission is a statuary, independent,...
The development of any poor and backward economy can be brought by promoting its agri. sector. It is evident from the following arguments: (1) Availability Of Food: In case of UDCs the production of food stuff plays an important role. As a result of land reforms or...
Henry Leveson-Gower The conformity in economics teaching in many ways is the most damaging aspect of our current economics discipline. Thousands of graduates all round the world enter work each year with the impression that there is only one way of thinking about organising our economies....
Jomo Kwame Sundaram After US President Donald Trump withdrew from Obama’s Trans-Pacific Partnership (TPP), involving twelve countries on the Pacific rim, on his first day in office, Japan, Australia and their closest allies proposed and promoted the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) to draw the...
C. P. Chandrasekhar As election 2019 approaches, the Modi government, damaged by agrarian distress, is also being challenged by evidence that its record on employment generation has been extremely poor. To recall, in its campaign during the 2014 election which brought it back to power, the...
Economics is the study of scarcity. When everything is so abundantly available that we get all we want, we do not need to worry about what, how and for whom it should be produced. In the Sahara there is no need to worry about the...
Do you live indoors? Use transportation powered by gasoline? How about buy food, you do that right? And not to get awkward or anything, but you do wear clothes from time to time, right . . . right? Tweet this! "The rules of the economic game have...