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

Srinivas RaghavendraSubscribe to Srinivas Raghavendra

Economists and Errors

The famously infamous spreadsheet error by economists Carmen Reinhart and Kenneth Rogoff and the following economic policy discussion on austerity has rightly or wrongly brought forth one important issue: the techniques, tools and methods that economists use to analyse economic data have immense...

Economics, Politics and Democracy in the Age of Credit-Rating Capitalism

Unlike in earlier major economic crises, the current turmoil in the global economy has seen the consolidation of orthodoxy as the dominant paradigm. This essay traces the political economy of change in the current situation and discusses how credit-rating agencies have assumed a pivotal role in delinking politics from the conduct of economic policy, thereby undermining the legitimate role of the state in the economic domain.
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