Economic growth and employment
The fact that an economy, even when it experiences a higher growth rate in the capitalist segment, is saddled with an increasing unemployment rate, goes against the grain of conventional growth theory
Prabhat Patnaik
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A Left approach to development
Against the
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The march of neoliberalism
Union Budget 2010-11 has given a forward thrust to the neoliberal agenda in all the crucial sectors where "reforms" had been stalled. Finance Minister Pranab Mukherjee addressing the media after the Economic Survey 2009-10 was tabled in Parliament on February 25.
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A suitable strategy
As the neoliberal edifice crumbles in the face of rising prices, a rationing regime becomes the only way of protecting the poor from their impact. Murli Deora, Petroleum Minister, and P. Chidambaram, Finance Minister, at a function in New Delhi.
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The accumulation process in the period of globalisation
The inflation in food prices of the early 1970s that arose out of excess demand for cereals disappeared in later years not because of any significant supply augmentation, but because it was substituted by an income deflation on the working people, including the peasantry, over large tracts of the world. This income deflation, brought about by the imposition of neoliberal policies, compressed demand and kept food and other commodity prices in check. But over the longer term, income deflation has undermined the very viability of peasant agriculture, adversely affecting supply.
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Conservatism to the fore
It is clear from Budget 2008 that the UPA, instead of abandoning its neoliberal agenda in an election year, has decided to stick to it resolutely. R.V. MOORTHY