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

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Of Gods and Demons

Having read the article by Satadru Sen on India’s current foreign policy (‘Goodbye to Non-Alignment and All That’, December 1, 2001) the reader cannot avoid feeling that the author worships failed gods and pours scorn on one demon. The result is he wraps himself in inconsistent arguments when...

On Internationalising Literature

produced for services rendered, and the On Internationalising caste dynamics of the Indian society as Literature The Village Cart by Ram Deshmukh; Popular Prakashan, Mumbai, 2000; translation of Gaav Gada in Marathi by T N Atre;

A Reply to A Reply

It is nice to receive a reply from Prabhat Patnaik to our rejoinder (EPW, May 12, 2001) to his article (‘On Fiscal Deficits and Real Interest Rates’, EPW, April 14, 2001), as it gives us an opportunity to clarify further our position. Let us state upfront that we do not agree, as he claims, with his “weak proposition that there is no theoretical justification for cutting the fiscal deficit as a means of lowering the interest rate” as it applies to the Indian situation. In India, which has a partially open economy (some capital controls) and a floating exchange rate regime (a managed float), cutting the fiscal deficit should theoretically lower the interest rate....

It Is Broke, but This Is Not How You Fix It

It Is Broke, but This Is Not How You Fix It Reforming the Global Financial Architecture by Montek S Ahluwalia; Commonwealth Secretariat, London, April 2000; pp vi+ 70.

Asok Mitra: One of a Kind

Asok Mitra was essentially a polymath, constantly on the lookout for new ideas - be they in his chosen field of public service or in the fields of art, literature or even demographic statistics. He took in his stride the adverse consequences of his penchant for swimming against the tide.

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