ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Amiya BagchiSubscribe to Amiya Bagchi

What EPW Means to Me

Veteran political economist Amiya Kumar Bagchi ( ) looks back on a long association with Economic Weekly and Economic and Political Weekly , which contributed to his intellectual development, made him a member of the EPW subfamily and resulted in friendships that he still cherishes.

Delightful, But...

Thank you very much for the delightful interview with Ashok Mitra you have published (EPW, 20 August 2016). But, there are two serious mistakes in it. Richard Goodwin was not John F Kennedy’s speech-writer, he was a communist. Although he was regarded as one of the best business-cycle theorists of...

Pause on Indo-US Deal

We, the undersigned call upon the UPA government not to be in a hurry to implement the Indo-US Bilateral Nuclear Cooperation Agreement. A majority in the Indian Parliament is opposed to this “deal”. Meanwhile, the US Congress itself has passed extensive legislation, the Hyde Act, which specifically...

A Dangerous Measure

Letters A Dangerous Measure W e, the undersigned membersof the economics profession,are shocked by the government’s eagerness to introducefull capital account convertibility. Thismove would imply that the inflow andoutflow of capital by residents andnon-residents would no longer besubject to any...

Crop-Sharing Tenancy in Agriculture-A Rejoinder

 Crop-Sharing Tenancy in Agriculture A Rejoinder Amiya Bagchi THIS is a belated response to the letter of P K Bardhan and T N Srinivasan ("Share Cropping", March 9, 1974, p 377).* Bardhan and Srinivasan (B-S for short) have attempted a rebuttal of some brief critical comments I had made, in passing,1 on their joint paper, "Crop-Sharing Tenancy in Agriculture; A Theoretical and Empirical Analysis'.2 I had made my comments brief (a) because I did not want to go into the irrelevant niceties of the neoclassical paradigm and (b) because I had thought that it would be abundantly clear that. the B-S paper also had implicit in it the basic assumption of neoclassical general equilibrium structures, viz, automatic full employment of labour. However, it would appear that even eminent practitioners of marginalist economics have to be reminded of certain elementary corollaries of the Thirtynine Articles they swear by, since they tend to be ensnared by the mathematical cobwebs they are so fond of weaving. Hence regretfully I must recapitulate certain properties of purely competitive models as part of my critique.

The Theory of Efficient Neocolonialism

Amiya Bagchi This article, and the three others which follow it, attempt to critically examine the approach to development planning suggested by Jagdish Bhagwati and Padma Desai in their book "India; Planning for Industrialisation" which is one of the series of studies of Industrialisation and Trade Policies sponsored by the OECD.

Aid Models and Inflows of Foreign Aid

Amiya Bagchi The features of the economic situation that aid models abstract from are more important in explain ing, predicting or prescribing for economic growth in India than the features that they capture.

Concentration of Economic Power in India

Amiya Bagchi In his book "The Structure of Corporate Private Sector: A Study of Concentration, Ownership and Control" (Asia Publishing House, 1966) R K Hazari establishes that the concentration of economic power in the corporate private sector in India had definitely increased between 1951 and 1958. Hazari also provides a wealth of detail on the techniques used by business houses to acquire and maintain control over the companies in their fold and throws valuable light on the disjunction or conjunction of ownership and control.
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