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The Indiscreet Aggression of the Bourgeoisie
C.P. Chandrasekhar
  
Neoliberal economic policy - the framework of measures that preaches market fundamentalism but uses the state to engineer a redistribution of income and assets in favour of finance capital and big business - has lost its legitimacy. A huge financial crisis and a decade of recession or low growth, that have hurt most sections.......Read more >>

The Push for Privatizing Banks
Prabhat Patnaik  
  
From the very beginning there has always been a demand for undoing bank nationalization in India. This demand naturally gathered momentum with the adoption of neo-liberal policies. It was completely unacceptable to international finance capital that the bulk of the banking sector in a country like India should remain under public ......... Read more >>

A Bibliography of Books on Finance: An idiosyncratic account of an autodidact’s financial education
Andrew Cornford 
  
Andrew Cornford enlists a bibliography on finance and related aspects such as financial risk management and regulation, including the broader intellectual and political contexts of various subjects......... Read more >>

Walmart’s gamble and what it means for India
C.P. Chandrasekhar 
  
Walmart’s purchase of a dominant 77 per cent stake in Flipkart is reportedly the biggest acquisition in the global e-commerce area and is seen as indicative of India’s importance in the world economy.The acquisition at an unwarranted premium and valuation has been seen as a move to increase its market share......... Read more >>

The Banking Conundrum: Non-performing assets and neo-liberal reform
C.P. Chandrasekhar & Jayati Ghosh
  
Neo-liberal banking reform was launched in the early 1990s to address the low profitability of the public banking system and the large presence of non-performing assets. It set itself the objectives of cleaning out NPAs, recapitalising..... Read more >>

G7 Policies and their implications for Global Stability and Growth
Andrew Cornford..
  
Comments prepared for the debate sponsored by the South Centre on Revolution Required The Ticking Time Bombs of the G7 Model, book authored by Hervé Hannoun and Peter Dittus, Palais des Nations, United Nations, Geneva.......Read more >>

Analysis

C.P. Chandrasekhar
Wednesday 04 July, 2018
The financial crisis and a subsequent period of recession affecting the majority population in economies points to the fact that neoliberal economic policy might have lost its legitimacy. On the contrast, a change in mood with Brexit and Trump's victory might not be subsequent setbacks with a new aggression on part of the neoliberal elite. Today, across the world, big business is attempting to influence economic decision-making in ways that can save the neoliberal project from collapse.

Features

Prabhat Patnaik
Monday 11 June, 2018
Historically, the push for bank privatizationwhich has gathered momentum with a rise in tendencies to take to neo-liberal policies. The arguments for privatization have been put forward time and time again, depending on economic circumstances. As international finance capital demands outright privatization to control financial resources and popularizes the conception of social interest best served through free finance, the NPA crisis in India has become the justification of the day.

Books

Andrew Cornford
Saturday 02 June, 2018
Andrew Cornford enlists a bibliography on finance and related aspects such as financial risk management and regulation, including the broader intellectual and political contexts of various subjects.

Articles

C.P. Chandrasekhar
Monday 14 May, 2018
The implementation of the Insolvency and Bankruptcy Code, 2016 has led to aggressive competition to acquire firms that have been subjected to the resolution process. This suggests that the default that required the creditors to bring these firms to the National Company Law Tribunal was not due to poor fundamentals.

Videos



Jayati Ghosh speaks on Imperialism in the 21st Century


Jan Kregel speaks on “Keynote Lecture”
 

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