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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.
Monday 26 January, 2015
IDEAs organised a workshop on "Diverse Regional Responses to the Global Crisis: Implications for Finance and the Real Economy" during 24-26 January, 2015 at Muttukadu, Chennai, India.
Prabhat Patnaik
Thursday 21 November, 2013
While monetary policies have failed to resolve the current global crisis, resistance to fiscal intervention from finance capital prevents any meaningful solution for recovery.
Jayati Ghosh
Monday 04 March, 2013
Despite fiscal austerity measures proving to be counterproductive in dealing with economic contractions worldwide, the Indian government is poised to implement similar policies.
C.P. Chandrasekhar,Jayati Ghosh
Monday 15 October, 2012
While growth slows down in India, the only index faring well is the Sensex. The short term speculators armed with central bank's cheap credit and easy money policies have helped it remain high though volatile.
Jayati Ghosh
Wednesday 06 June, 2012
Popular resistance of austerity is not the root of the crisis in Europe, rather the combination of inflexibility, denial and lethargy in economic strategy of the EU is.
Isabel Ortiz,Matthew Cummins
Monday 09 April, 2012
In the backdrop of global economic crisis this paper presents a UN agenda to generate decent employment, seen as a central measure of the recovery efforts.
Wednesday 07 December, 2011
The conference examined progressive alternatives to sustained recovery from current financial turmoil and emerging markets’ role in the ensuing production and other shifts.
Prabhat Patnaik
Thursday 13 August, 2009
Prof. Prabhat Patnaik explains the present global crisis in terms of what led to this situation and its impact on India.



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