Governance in the world of fiercely competitive politics involves difficult choices. Since politicians invariably — and quite understandably — have their eye on the next election, the gove...

Real life has a way of surprising theory. One of the most intensely discussed theoretical questions on the Left has been how to bring agricultural labourers and peasants, including well-to-do peasants...

The Narendra Modi government has announced a plan of “asset monetisation” worth 6 lakh crore rupees. This is in addition to its proposed privatization of public sector assets. Asset moneti...

Noting that the West Bengal government has differences with the Centre on issues related to revival of the economy, state industry minister Partha Chatterjee on Thursday said the TMC dispensation is l...

The world of economics silently celebrated the 75th death anniversary of Lord John Maynard Keynes on April 21, 2021. On this day, Keynes passed away in Tilton, Sussex in 1946. Keynes — born on J...

The Keynesian notion of animal spirits conjures up the image of a dog sinking into a stupor of sorts when its master returns home unusually late. The ring of a doorbell is all that is needed to infuse...

An eminent economist observed recently in a national daily’s blog that in spite of the Indian economy’s periodic hiccups, there is no serious threat to the system. “[H]istory,” he asserts, “...

The Sensex and the Nifty recorded massive single-day gains of 5.32 percentage points each on September 20 following a range of tax cut announcements by the government. It might be of interest to note ...

Valentine’s Day is a day of hearts, love and chocolates, sponsored by corporate America. While it may be a commercialization of love, this is also a time when people can do good — for adorable dog...

Market economies have an innate tendency to make prices, output and employment fluctuate. Sometimes, the swings are minor and short-lived; at other times, they can take the form of a crisis affecting...