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

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Market System, Socialism and Democracy

Market System, Socialism and Democracy Arun Ghosh Though many writers have in the past attempted to explain the fact of poverty in India, we now have a theoretically structured economic exposition and explanation. In a book of seminal quality C T Kurien has not only given us a new and meaningful explanation of the concern of economists, he has explained difficult concepts with ease and lucidity.

History, Politics and Economics

History, Politics and Economics Arun Ghosh The BJP has been vociferous in claiming that its and its allies' actions have the approval of the bulk of the population. Let us call their bluff and call for a referendum on the Ayodhya issue.

Federalism, Democracy and Decentralisation

Federalism, Democracy and Decentralisation Arun Ghosh If societal development is our concern, we have to have a pattern of development which would focus on the people and that implies local area development which in turn calls for a fundamental decentralisation of the Indian polity. The concerns of our ruling elite are, however, clearly different.

Planning versus Market-Oriented Investment and Production-Indian Dilemma

leaders of the defeated factions is not bad at all But more importantly, there was here no serious leftist' opposition of any kind. The leftist opposition would mean those people who might take a different position in handling a given crisis or a problem

Monetary Assets, Savings and Economic Growth

Monetary Assets, Savings and Economic Growth Arun Ghosh Economic policy-makers in India recently have attached disproportionate importance to the promotion and diversification of the financial sector to the neglect of the real economy The stock market scam and the many layers of bank fraud are a reflection of the inevitable when financial transactions start deviating from their real counterpart, when speculation takes over from genuine productive activity THERE have been two developments in the economic sphere in India lately that may leave a deep imprint on the future growth prospects of the country. The first is a somewhat blind faith in the prescription of neo-classical economists that reliance on the 'market

Development Paradigms, Concept of Surplus and the Agrarian Question

be made scarce In the great United States, for example, hardly 4 per cent of the total labour force are in the farm sector; their scarcity permits them to dictate terms to the rest of the nation; that is the secret of their economic prosperity. Once the majority of our peasants are squeezed out from agriculture, that point of fulfilment would be reached here too. A big farmer, with the support of the handful of his family members, would henceforth be able to manage a holding which stretches to 200 or 300 or 500 acres; the state-of- the-art tractors and harvester combines would be put to use, farming operations would be fully automatised, the efficiency of Indian agriculture would thereby attain international standards. Exports would then constitute no problem.

Down Memory Lane-A Vietnam Vignette

Down Memory Lane A Vietnam Vignette Arun Ghosh Why is it that the memory of a Vietnam visit nearly 15 years ago keeps coming back today? The reason is simple. No country no nation, no individual can hope to rise without a spirit of self- reliance and self-respect. But suddenly we in India have started losing our self-respect and have decided that our salvation lies in being bailed out by foreign capital, foreign technology foreign knoyv-how, foreign enterprise.

One Year of Narasimha Rao Government-A Balance Sheet

Kananbala had made it. There were enough indications initially that she received some sort of acceptance, grudging or otherwise, from the circle of the hoity-toity she broke into. When, at the end of the second world war, Mahalanobis and his wife went on an extensive jaunt to Europe and the United States, Kanan Devi accompanied them. Mahalanobis chose to visit his alma mater, Cambridge; Kanan Devi was with him, sauntering inside the King's College chapel and along the Backs. Resident Indian students gawked at the sight, not quite believing their eyes. Kanan Devi decided to return the compliments to her then brother- in-law; she persuaded Mahalanobis to accompany her to Hollywood. The Los Angeles tabloids carried a brief news item: India's glamour queen had visited the MGM studios, she was chaperoned by a statistician from Calcutta.

Environment, Ecology and the Himalayas

Environment, Ecology and the Himalayas Arun Ghosh A careful, authentic, genuinely humane and sympathetic piece of research has some significant conclusions to offer on environment, ecology and the Himalayas, First, the geological structure of the Himalayas is such that any major tampering with it can be dangerous. Second, local wisdom and local experience should not be treated with the supercilious contempt that our experts generally bestow upon them. Finally, vague talk of ecology and environment is unwarranted; only a multidisciplinary study can tell us what is best for the ecology THERE is undoubtedly considerable lack of knowledge

State Intervention versus Free Market

State Intervention versus Free Market Arun Ghosh The market is never totally free. The market cannot function without the state; and the pattern of development of the market would depend essentially on the nature of the state, the vested interests controlling state power, and the pulls and pressures exercised by different vested interest groups in regard to the functioning of the market system.

Oil Imperialism, OiI Politics and Development Economics

Oil Imperialism, OiI Politics and Development Economics Arun Ghosh Recent international events have been a reminder that 'imperialism' in the true sense of the term has been in action in regard to control over oil supplies for as long as one can remember, that to this day nothing has really changed, that the champions of the 'market system' in the capitalist world are the most prone to controlling and bending the market to suit their purposes insofar as oil supplies are concerned, that even the most liberal of western thinkers are found to suddenly become chauvinistic and indeed harbourers of imperial designs when the question of control over oil supplies comes to the fore.

New Economic Policy A Review

New Economic Policy: A Review Arun Ghosh The government's New Economic Policy, which has been in operation now for close to a year, raises a number of issuesHas the strategy of meeting the balance of payments crisis been correct? Are the domestic stabilisation policies on the right lines? Are the elements of the structural reform programme correctly addressed to meeting the real problems of the economy? Was the timing of the "stabilisation and structural reform policies appropriate? Most important, should these policies be seen to be not working, what are the choices still open to the country?


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