Planning Commission
Development/Growth
Dr. Manmohan Singh was a World Bank employee before he became finance minister and later prime minister. As PM, he nominated Montek Ahluwalia from the IMF as Deputy Chairman of the Planning Commission. The present RBI Governor, Raghuram Rajan, was Chief Economist in IMF. This is how the neoliberal agenda has been imposed on India….
Read More about S.G.Vombatkere: Neoliberalism: Its reality exposed
ALTERNATIVES
Aniket Motale writes: Many new age economists have realised the limitations of GDP as a measure of development, including a few Nobel Laureates like Joseph Stiglitz. US politician Robert F. Kennedy once criticised GDP saying, “It measures everything, except that which makes life worthwhile “. Let’s take a closer look at the arguments against GDP….
Read More about ‘GDP = Development’: Debunking the myth
"The Logic of Neo-Liberalism"
John Ledger
Bookshelf
George Monbiot writes: So pervasive has neoliberalism become that we seldom recognise it as an ideology. We accept the proposition that this utopian, millenarian faith describes a neutral force; a biological law, like Darwin’s theory of evolution. But the philosophy arose as a conscious attempt to reshape human life and shift the locus of power….
Read More about Neoliberalism – the ideology at the root of all our problems
ALTERNATIVES
Richard Norgaard writes: Two centuries of explosive economic growth have radically altered our world. With human activity now the major driver of geological change, the industrial era has come to be called the Anthropocene. In this essay, I instead adopt the term Econocene, thereby underscoring its ideological foundation: economism, the reduction of all social relations to market logic….
Read More about The Church of Economism and its discontents
Famouseconomists.net
Bookshelf
Author Mark Weisbrot says: “Behind almost every prolonged economic malfeasance there is some combination of outworn bad ideas, incompetence and the malign influence of powerful special interests”. Unfortunately, such nightmares are repeated in other places because even if the lessons are learned, they are not taken to heart, by “the people who call the shots”….
Read More about Bookshelf: Failed – What the “experts” got wrong about the global economy
