The Neo-Classical Growth Models: By combining variable factor proportions and using flexible factors R. M. Solow overcame the Harrod-Domar problem and showed that the growth path of output was not inherently unstable. If the labour force grew faster than the stock of capital, the wage rate...
Prabhat Patnaik December 17, 2018 Nothing shows the crisis of neo-liberal capitalism more clearly than the popular uprising in France that is occurring under the banner of the “Yellow Vest” movement. Thousands are congregating in Paris over week-ends to protest against the intolerable burdens being imposed...
. P. Chandrasekhar December 17, 2018 The so-called ‘synchronised recovery’ that global policy makers periodically refer to, seems to have bypassed much of the world’s working people. According to the just released Global Wage Report 2018/19 of the International Labour Organisation (ILO), the rate of growth of average...
देश-दुनिया: एक दृष्टि मे सामयिक घटनाचक्र * अमिताव घोष को 54वां ज्ञानपीठ पुरस्कार देने का निर्णय: वर्ष 2018 का ज्ञानपीठ पुरस्कार अंग्रेजी के मशहूर साहित्यकार अमिताव घोष को देने का निर्णय 14 दिसम्बर को लिया गया. यह 54वां ज्ञानपीठ पुरस्कार है. प्रतिभा रॉय की अध्यक्षता में...
Jayati Ghosh December 11, 2018 The sheer ineptitude of economic policymaking under prime minister Narendra Modi’s government has been evident from almost the beginning of its tenure. What is also now well-established is the aggressive and rigid approach of the political leadership, which generally pushes its...
Prabhat Patnaik Third world economies are now facing a reduced export demand for their goods and services for two distinct reasons. One is the world capitalist crisis which entails a reduced aggregate demand in the world economy and hence reduced aggregate exports for all countries taken...
C. P. Chandrasekhar and Jayati Ghosh December 4, 2018 Everyone seems to have woken up to the fact that global debt levels are too high and portent difficulties ahead. As Figure 1 indicates, the levels of credit to GDP, which were so high as to be...
OPEC से कतर के अलग होने का क्या है मायने , एशिया पर क्या हो सकता है इसका असर- विश्व के तेल निर्यातक देशों के संगठन ओपेक यानी ऑर्गेनाइजेशन ऑफ द पेट्रोलियम एक्सपोर्टिंग कंट्रीज में एक बार फिर टूट की खबर आ रही है। नवंबर 2016...
*1 तमिलनाडु सदन ने मेकेदातु बांध परियोजना के खिलाफ एक प्रस्ताव पारित किया है.* तमिलनाडु विधानसभा ने सर्वसम्मति से केन्द्रीय जल आयोग (सी.डब्ल्यू.सी.) द्वारा मेकेदातु संतुलन संरक्षण और पेयजल परियोजना पर एक विस्तृत परियोजना रिपोर्ट तैयार करने के लिए कर्नाटक को मंजूरी देने के विरुद्ध एक...
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