The Modi government could have drawn upon behavioural economics to curb the use of cash in India without enacting demonetisation and its accompanying disruptions.
When ‘political economy’ became just ‘economics,’ the shift came at the cost of its links to other social sciences.
Economics does a pretty good job at explaining and predicting patterns in marriage that would otherwise appear irrational.
In the US, today, the share of women graduating in mathematics and statistics is higher than in economics.
NAFTA renegotiations may see provisions from the Trans-Pacific Partnership revived, but it must rectify past failings – on income inequality, labour and environmental protection.
Sharp estimate revisions, channel stuffing and the hypothetical schism between formal and informal sector growth. What makes sense, what doesn’t and what is perhaps slightly questionable?
Forcing people to use digital payment methods will require the government to increase the cost of using cash, which will be a greater burden for the poor.
Discussion on serious economic challenges currently faced by India is either absent or trivialised in this year’s Economic Survey.
He made original contributions to social choice theory, general equilibrium, growth theory, the analysis of discrimination against groups and healthcare, and remains the youngest economist to win the Nobel Prize.
While most policy discourse tends to argue for an increase in healthcare spending to improve overall services, little attention is paid to the quality of healthcare facilities.
The Indian Journal of Economics, which was founded in 1916, well before independence, played a crucial role in highlighting the achievements of Indian economists.
The world needs an alternative system, measuring economic value in face of the dissatisfaction that brought Donald Trump to the White House.
Both the former and current RBI governors are surely acquainted with the Gujarati saying “Kona Baapni Diwali”. This cannot be the Centre’s stance when it comes to solving India’s NPA crisis.
Unusual citations in the survey could indicate the awkward situation of the chief economic adviser, in the face of interference by the finance minister or even the prime minister’s office.
The RBI is opting to wait for more clarity on inflation trends and on how a radical crackdown on “black money” is impacting economic growth.
There’s very little sensitivity being shown in forcefully shoving India’s small traders and producers into the formal economy. To what extent will this affect the BJP’s support base?
If the monetary policy committee waits until April, it will have a better idea of demonetisation’s negative impact and a firmer grasp of global commodity price trends.
Given the imperious attitude of new leaders to institutions of the old order, the questioning of central bank independence is a given.
Were the budget estimates for corporation and income taxes in 2016-17 a typographical error or have they been carefully massaged?
The dichotomy between the interest of finance capital and the needs of the social sector has never been starker.
Budget 2017-18: With Focus on Rural Spending and Income Tax Cuts, Jaitley Ends Speech Sans Bombshells
The Wire’s coverage of the presentations of the Union Budget 2017-18.
The survey does not lift the mist of confusion on India’s macroeconomic situation after demonetisation, while the conservative fiscal stance being proposed will only lead to an aggravation of the problems confronting the economy.
Inflationary concerns aside, we also have to realise that fiscal deficits are always accompanied by trade deficits.
From potentially slashing middle-class subsidies as a method of funding a UBI, to eyeing the RBI’s reserves as a means of creating a ‘Bad Bank’, this year’s Economic Survey tackles three pressing issues.
After demonetisation, the informal MSME sector needs careful handholding if they are to make the transition to the formal economy.
The economy requires a massive increase in government expenditure to overcome the drastic impact of demonetisation. But will this cause foreign capital to depart?
Relieving the cash constraints of the poor is a critical way forward in the light of the high dependence of the poor upon non-institutional lenders.
After demonetisation, the NDA government needs to get its affairs in order: starting from reviving private investment to delivering on social programmes.
Far from the UBI schemes proposed in advanced economies, in India it’s a question of whether the Centre can juggle its finances and find a better way of delivering welfare.
In conversation with BJD MP Jay Panda.
Are banks expecting that some kind of restriction on cash withdrawals could become a more permanent feature of our system?
The Shekatkar committee report represents a starting point and makes a valuable suggestion – non-combat organisations must be reviewed and restructured.
The finance minister needs to begin to think of strategies to counter the negative impact of a tax war on business taxation.
After demonetisation, investors and those within the BJP intellectual community are confused: Will Modi take a socialist path or will he stick to being a market-friendly prime minister?
With the Regional Comprehensive Economic Partnership agreement, China has an opportunity to be an agenda-setter and demonstrate leadership on global trade.
The deal between the Gujarat state government and ONGC did not get the required approval from minority shareholders.
His sometimes low-key, yet determined manner of managing has worked wonders with TCS. Can he do the same, while cleaning up after the Mistry affair, with Tata Sons?
The prime minister could use the president’s suggestion that the poor need immediate relief after demonetisation, unveil radical measures in the upcoming budget and leave the Opposition speechless.
Is finance minister Arun Jaitley budgeting in the dark? One can’t have a strategy for economic revival without first estimating the economic impact of demonetisation.
To say that ‘agriculture’ has failed to keep up with the growth that the country has witnessed in the last 15 years is a clever ploy to cover up the neglect that has kept farmers impoverished.