A New Path to Minimum Support Price

By Prof. Amit Bhaduri, Formerly, with JNU, New Delhi; and University of Pavia, Italy. The farmers’ historic struggle and victory have upset not merely political arrogance, but conventional wisdom in more than one way. It has shown the limitations of class analysis, and has thrown up new ideas for organizing peaceful protests in a democracy.  [...]

Dierdre McCloskey’s Libertarian Economics

By Annavajhula J.C. Bose, PhD Department of Economics, SRCC Dierdre here is not literally ‘broken-hearted’ as the Irish-origin name means.  Dierdre McCloskey is a rarest of rare professors. Her unbeatable uniqueness is that she is an iconoclastic Distinguished Professor of Economics, History, English and Communication, and also Philosophy and Classics at the University of Illinois [...]

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Universal Uberization

By Annavajhula J.C. Bose, PhD Department of Economics, SRCC Like attempts made in India and elsewhere to deliver the farmers into an uberized relationship with big agriculture is a worry for farmers, uberization of industrial and service work too is a pain for working people. The current hopeless hypothesis about the future of work is [...]

Human Rights Economy

By Annavajhula J.C. Bose, PhDDepartment of Economics, SRCC Not all people exist in the same way now. There are tragedies alongside comedies. During the coronavirus pandemic, when many thought of death as better than hunger, others revelled in the visceral joy of making money online. The pandemic exposed India’s appalling apathy and antipathy towards migrant [...]

Planetary Economics

By Annavajhula J.C. Bose, PhD Department of Economics, SRCC George Monbiot of The Guardian has hailed Kate Raworth as “The John Maynard Keynes of the 21st century” as she “reclaims economics from the dust of academia and puts it to the service of a better world”.  Kate teaches at Oxford University’s Environmental Change Institute, and [...]

Fun Fact: Nightlights, a brighter way to measure development

By Bharati J Krishnan, Deputy Editor One method that economists use to gauge the development of an area is by analyzing images of that part of earth taken at nighttime. Night-time lights have been used for the proxy-measurement of various indices of development. For example, this study focuses on how nightlights have a positive association [...]

Self-Interest as a Self-Fulfilling Prophecy

By Vedika Sakhardande, Deputy Editor “Our beliefs about human nature shapes human nature itself”-Robert Frank The idea that people are driven by self-interest is a canonical assumption in economics. By being established as the primary human motive, it has laid the foundation for multitudes of theories ranging from the invisible hand to optimization through free [...]