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What is Public choice in economics? -Prashanth Perumal

-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...

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Demonetisation: A circus, clowns and a silver bullet -James Wilson

-National Herald Five years after the disastrous demonetisation, the Prime Minister and his Finance Minister—even the fawning media— no longer speak of the ‘Demonetisation Dividend’. There has been none Two years back, on November 8, at around 8.30 pm, the Prime Minister of India, with his characteristic love for drama, unleashed on the country what he had then claimed was the one silver bullet which would eliminate the triple evils of black...

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Why Schools Should Not be Allowed to Open Prematurely -Soumya Datta and C Saratchand

-Newsclick.in Just reopening schools won’t make an unequal education system more equal without public funding. It may speed up SARS-CoV-2 mutations and risk another brutal Covid-19 wave. The Delhi government recently decided to reopen schools and other educational institutions after a long Covid-19 related shutdown. Previously, several other states had taken similar decisions. Such decisions have been backed by several experts and activists, principally on two grounds. Firstly, socially and economically disadvantaged...

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Latest available PLFS data sheds light on unpaid helpers in self-employment & underemployment among various types of workers

Generally, economists refer to indicators like Worker Population Ratio (WPR), Labour Force Participation Rate (LFPR) and Unemployment Rate (UR) in order to assess the extent of joblessness and work related precarity at a particular period of time in a certain geographical area. However, there are other indicators too, which can help in understanding the job situation, livelihoods security and vulnerability of workers in a better way such as 'percentage distribution...

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Reshaping the State-citizen relationship -Yamini Aiyar

-Hindustan Times A corrosive culture distances the State from the public and legitimises demands for public ‘discipline’ to achieve policy goals Caught on a now viral video, ordering police to “break the heads” of farmer protesters, Haryana bureaucrat Ayush Sinha achieved notoriety last week. The incident, coupled with the Haryana chief minister (CM)’s condemnation of the “choice of words” while insisting on “strictness” to maintain law and order, speaks volumes for how...

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