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Prabhat Patnaik
Monday 22 May, 2017
After a brief illusion of recovery in the U.S., the world economic crisis is getting accentuated. Trump administration would rather increase its fiscal deficit, if at all it does, through tax cuts than state expenditure under the hegemony of finance capital. This might further suppress consumption expenditure, already constricted by falling global wages. Such policies, paired with hostile protectionism, would make correcting over-production and hence overcoming world crisis, almost impossible.
Prabhat Patnaik
Tuesday 07 July, 2015
The world economy today is reminiscent of the 1930s where competitive easing of monetary policy is not boosting aggregate demand and fiscal policy is barred by finance capital.
C.P. Chandrasekhar
Friday 25 July, 2014
The Union Budget for 2014-15 is a deflationary budget in the name of "fiscal consolidation," and chalks out a strategy to make India a labour-intensive manufacturing hub.
C.P. Chandrasekhar,Jayati Ghosh
Tuesday 22 July, 2014
The authors here suggest that the fiscal optimism is misplaced while projecting substantial increases in tax revenues despite many tax sops in the Budget for this year.
Prabhat Patnaik
 
Monday 19 May, 2014
The stock market boom, within a slowdown in the economy, serves the interest of the finance capital, and the crisis cannot be addressed because the boom has to be sustained.
Prabhat Patnaik
Tuesday 10 September, 2013
Current account deficit is a major reason behind lack of demand and slowdown. Government spending on food security can boost demand for domestic goods and chance of a revival.
Thomas I. Palley
Tuesday 22 November, 2011
The paper argues that both the saving glut and reserve currency hypotheses are inconsistent with empirical records and provide a misleading guide for policy against the crisis.
Alex Izurieta
Thursday 25 August, 2011
The author argues that public sector debt in the US is potentially destabilising, not because it is too large but rather because it is too small for the task at hand.
Prabhat Patnaik
Thursday 04 August, 2011
An archaic law and a stand-off between the Republicans and a Democrat President led to the present US debt-ceiling crisis which can lead to further cut in social expenditures.
 

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