-The Hindu Business Line The mythology of free trade being a force for economic progress remains entrenched in world politics Globalisation has created a unique spectator sport, where political dignitaries periodically gather at carefully chosen venues for days of deliberation over humanity’s most consequential problems. It is a spectacle at which ‘civil society’ — as the new force in world politics is called — is granted a tent of its own, financed...
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Green safeguards yield higher economic returns -Vinod Thomas
-The Hindu For growth to go forward, it must be environmentally and socially concordant. The launch of the Sustainable Development Goals (SDGs) and agreements in Paris finally signalled the realisation that we can no longer achieve our economic ambitions by endangering the environment and society. But even as countries agreed on the need to nurture sustainability, it has come under fire from the mistaken notion that doing so will slow the pace...
More »Unintended Consequences Of NREGS -Shailesh Chitnis
-Outlook Recent studies point to two areas where NREGS has had an impact — rural education and Naxalite conflict. "Economics is haunted by more fallacies than any other study known to man." This rather depressing assessment of the field is the opening sentence of Henry Hazlitt's classic primer, Economics in one lesson. In Hazlitt's view, most economists only measure the immediate impact of their policies. A good economist, Hazlitt contended, looks not merely...
More »Will the JAM Trinity Dismantle the PDS? -Silvia Masiero
-Economic and Political Weekly The platform known as the JAM Trinity (an acronym for Jan Dhan Yojana, Aadhaar and mobile numbers) may enable a shift from the current Public Distribution System, based on price subsidies, to the direct transfer of benefits. However, it is incorrect to argue that JAM technologies will necessarily lead to the demise of the PDS. State-level experiences of computerisation, recounted here, reveal that the same technologies can...
More »Centre invites critic Jean Dreze to economics meet, then snubs him
-The Times of India NEW DELHI: Jean Dreze, eminent economist and a former member of the National Advisory Council during the UPA regime, was dropped from a high profile economics conference organized by the finance ministry. Dreze, who has been critical of some of the measures of the NDA government, was invited to speak at the Delhi Economics Conclave on Friday. "This is the invitation I received and accepted some time ago. On...
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