-The Hindu The idea of a basic income is not new. The first known suggestion on an unconditional universal basic income for all adults regardless of other income sources was from Thomas More. Centuries later, in 1918, Bertrand Russell discussed a basic income sufficient for necessities as central to the social model combining the advantages of anarchism and Socialism that he argued for in Proposed Roads to Freedom. “A certain small...

-The Tribune A confession by IMF economists in the flagship magazine stating that the kind of growth promoted by neoliberalism promotes inequality has created a buzz. Once in a while, something unexpected happens so stunningly that one finds it unbelievable in the first instance. A group of three economists in IMF's research department has written a joint paper criticising some key aspects of IMF's creed of neo-liberalism. It appears as unbelievable as...

-Livemint.com Pro-poor and yet not populist can be the single defining strand of this year’s Union budget The run-up to this year’s Union budget, especially the past one week, has taken place in the backdrop of an unprecedented, vicious political confrontation between the ruling Bharatiya Janata Party (BJP) and the opposition. Together with the hit-wicket tendencies of the BJP-led National Democratic Alliance (NDA), it probably exaggerated the magnitude of every challenge...

-The Hindu The idea of attacking poverty by increasing mobile connectivity in a country that ranks 55 in the Global Hunger Index is just fantasy Interviewer: What would you regard as the most outstanding and significant event of the last decade? Siddhartha: The… war in Vietnam, sir. Interviewer: More significant than landing on the moon? Siddhartha: I think so, sir. — “Pratidwandi” (The Adversary), 1970 The most fundamental debate for our youth is the choice between Android,...

-The Hindu The Budget overlooks the fact that human capabilities are as important as physical capital for economic growth and the quality of life. It goes back to the days when growth and development sounded synonymous, physical capital was thought to be the key, and human capital took a back seat Once upon a time, around the end of the Second World War, there was a naive view in development economics that...