Even a cursory glance at the daily newspaper reveals the economic mindset and the manipulation of that mindset into losing its sense of balance and well-being by the plethora of reports, articles and stories on the economic life of the Indian nation. There are all sorts of stories, statistics, credit appraisals, banking trends, FDI investment couched in the jargon of the modern economy that, curiously enough, seems to be so...

The rural population is at present estimated at 85 crores. Ten per cent of the households are completely landless. Another 52 per cent have holdings of less than 0.2 hectare. The per capita agricultural land in the rural areas has come down to 0.12 hectare. According to the National Sample Survey, the annual income of an agricultural household from farming is less than Rs 12,000 and from all sources it...

It is well known that Amartya Sen is the greatest economist that India has ever produced. His credentials were well established even before he got the Nobel Prize. With his latest book — The Idea of Justice — he has also established himself as a world-class moral philosopher who could come up with great abstractions and generalisations that no other Indian thinker could achieve earlier. The Indian academia, so far, has...