-PTI/ Business Standard The Nobel laureate was sharing his observations from a recent visit to West Bengal. People in India are in "extreme pain" and the economy is still below the 2019 levels, with "small aspirations" of people becoming even smaller now, Nobel laureate economist Abhijit Banerjee has said. He was virtually addressing students of the Ahmedabad University in Gujarat on Saturday night from the US during the varsity's 11th annual convocation which...

-Newslaundry.com Given that the issue is so political, all nuance has gone out of the window. A deepdive on what the demand actually means for the government and farmers. In her new book Cogs and Monsters—What Economics is and What It Should Be, the British economist Diane Coyle uses the word nuance thrice. She writes that “politics and nuance are strangers”. And that “the eye of the public is caught, by confident statements...

-The Hindu Public choice refers to an economic approach towards the study of politics. American Nobel laureate James Buchanan, a prominent member of the Virginia school of political economy, characterised the public choice approach to politics as the study of “politics without romance.” Public choice theorists assume that politicians and bureaucrats who run the government of a country are self-interested individuals who primarily look after their own selfish interests. This is in...

-Scroll.in We must remember that there is no one such thing as ‘Indian agriculture’ whenever we discuss reforms. Multiple models need to be discussed. On Monday, Parliament cleared a bill to repeal the three farm laws that had gripped Indian politics for much of the past year. Passed in September 2020, the laws were meant to allow much greater play of corporate capital in Indian agriculture. However, the laws also sparked fears...

-Financial Express Dr Rangarajan feels that perhaps we may end the year with GDP growth in the region of 7 or 8 per cent. The much awaited news on the second quarter Gross Domestic Product (GDP) numbers showing a growth of 8.4 percent as compared to 7.4 percent contraction in Q2 2020-21, has come as a dampner. economists now see serious challenges in India being able to hit the full year GDP...