C. P. Chandrasekhar and Jayati Ghosh Once again, the World Bank has released a Brief declaring India to be the largest recipient of remittances from abroad. According to the Bank, remittances to India that totaled $65 billion in 2017, are likely to touch $80 billion this...
Arun Kumar Allegations of interference in major institutions have been the big news of late. The ongoing fracas in the Central Bureau of Investigation (CBI) has got out of hand, with the two top officials in the chain of command accusing each other of corruption. The recent pronouncements...
#_सब्सिडी_किसे_कहते_हैं_तथा_कितने_प्रकार_की_होती_है..! #_सब्सिडी_से_तात्पर्य (Definition of Subsidy): सब्सिडी एक प्रकार की वित्तीय मदद है जो कि सरकार द्वारा किसानों, उद्योगों, उपभोक्ताओं (मुख्यतः गरीबों) को उपलब्ध करायी जाती है जिसके कारण वांछित लोगों के लिए जरूरी चीजों के दाम नीचे आ जाते हैं. इस लेख में हम यह बता रहे...
The Harrod-Domar Growth Model: The aggregate production function—which is the main pillar of every growth theory—can take different forms, depending on the actual relationship between the factors of production (K and L) and aggregate output. The Harrod- Domar model is based on the simple fixed-coefficient production...
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...