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

Articles by C T KurienSubscribe to C T Kurien

Indian Economy in the 1980s and on to the 1990s

Indian Economy in the 1980s and on to the 1990s C T Kurien This paper seeks to arrive at some inferences about the manner in which the economy has been responding to the widely-publicised policy measures frequently referred to as 'the new economic policy' and, on that basis, to hazard some guesses about the shape of things to come. Since the new policy measures have been largely directed towards industries and the external sector of the economy, these are taken up for special examination and attention is focus ed on the link between industrial growth and export performance.

Political Economy of Indian Development

C T Kurien Economy, Society and Polity: Essays in the Political Economy of Indian Planning edited by Amiya Kumar Bagchi; published for Centre for Studies in Social Sciences, Calcutta, by Oxford University Press, Calcutta, 1988;

The Cult of Centrism

The Cult of Centrism C T Kurien In Pursuit of Lakshmi: The Political Economy of the Indian State by Lloyd I Rudolph and Susanne Hoeber Rudolph; Orient Longman, Bombay,

State and Market in Economic Processes-Some Basic Issues

Some Basic Issues C T Kurien Whether the economic policies of the state in a capitalist society are carried out through direct involvement in the realm of ownership or through market operations and support for market forces is only a strategic issue. The 'swing' between these two can only be marginal at any rate. However, the social and economic factors that give rise to such swings and their differential consequences on different interest groups in society need careful analysis.

1987-88 Budget and New Fiscal Strategy

1987-88 Budget and New Fiscal Strategy C T Kurien The budget is not just a statement of the housekeeping operations of the government, but more a pronouncement of the manner in which the government proposes to steer the entire economy. The 1987-88 budget assumes significance as the third in the series of the new administration's instruments of communication about its intentions for the shaping of the economy. This paper tries to make explicit the fiscal strategy that underlies the budget and to see the directions being set as we move into the twenty-first century. The essence of the new fiscal strategy, it is argued, is to make the island of affluence, or the upper crust of the economy, a largely self-serving segment.

Caught in Contradictions of Mixed Economy

Caught in Contradictions of Mixed Economy C T Kurien It is evident from the Budget for 1986-87 that the Finance Minister is going neither by the recommendations of the Seventh Plan document nor by his own Long-Term Fiscal Policy statement. The government appears to be unable to generate resources from its own enterprises. It is unwilling or afraid to tax those who are rich and growing richer. It feels compelled to increase the outlay on so-called welfare measures. It is then left with no option but to fall back on indirect taxes and rely more than ever on borrowings from those who expect interest and tax concessions for temporarily parting with their resources to enable the government to continue its 'development programmes'. That simply is the fiscal 'strategy' that the 1986-87 Budget reflects. It is no strategy at all; only a matter of necessity WHEN we decided, soon after Independence, that the Indian economy would have a programme of planned economic development, but within the framework of a 'mixed economy', it was acclaimed as an effort to combine the best features of both capitalism and socialism. What the economic policies of the present administration

The Budget and the Economy

The features of the Budget for 1982-83 which are worth noting are the following: (1) The attempt to bring in some progression within the regime of indirect taxation by exempting articles of 'mass consumption' and, on the other hand, by sharply increasing the rates on articles 'favoured by affluent sections'.

Dynamics of Rural Transformation-A Case Study of Tamil Nadu

A Case Study of Tamil Nadu C T Kurien This paper brings together the empirical evidence available on the changes that have come about in the rural economy of Tamil Nadu between 1950 and 1975 with a view to seeing their interrelationships and broader implications for social change.

Grapes from Thorns and Figs from Thistles

The debate about the presidency has led to mounting demands for choosing the president through popular vote. Supporters of the proposal say that democracy is now sufficiently deep rooted to make the change. The electoral system for the presidency was chosen to avoid the kind of pitfalls that marked Germany's last venture in democracy, the Weimar Republic, in the aftermath of World War I, which actually cnbaled Hitler to become dictator through constitutional means.


The concept of health planning has become grossly distorted over successive five year plans; the Draft Five Year Plan, 1978-83, is no exception.

Small Sector in New Industrial Policy

Small Sector in New Industrial Policy C T Kurien What is disappointing in the Janata government's industrial policy statement is that although there are many pronouncements of intentions there is little awareness of the operational aspects. The operational issues can be summed up in the form of two questions:

Goods and Bads of Capitalist Growth

'Goods' and 'Bads' of Capitalist Growth C T Kurien Economics and the Crisis of Ecology by Narindar Singh; Oxford University Press, Bombay, 1976; Rs 42, THE author opens the argument with the statement: "Sufficient evidence is already available to the effect that the world, literally the whole world, is in the throes of a major and multi-dimensional ecological crisis." If the title of the book or the opening sentence leads the reader to expect in it an economist's approach to that much talked- ahout crisis he will soon discover that the theme of the book is somewhat different. In fact, the title of the book could just as well have been "Ecology ami the Crisis of Economics", for what Singh does is to use the ecological crisis as a backdrop for his critique of neo-classical economic theory and the economic philosophy of the capitalist system. The thrust on the crisis of economics emerges in the first paragraph itself: "Concerned primarily with what determines the profitability of 'output', it [economics] cannot possibly play the spotlight on its toxicity as well." The argument here is the old 'externality' problem ably built up by Mishan and others in their assessments of the 'Costs of Growth'. Production results not only in 'goods', but in 'bads' also


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