Category: Uncategorized
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On Indian Agriculture and the role of World Trade Organization’s – Agreement on Agriculture
This is a piece written by Manikantha Nataraj, Dr Aurolipsa Das and me on how the WTO’s Agreement on Agriculture affects agricultural output with special regards to the differential impacts of policies on developed and developing countries. While we wrote this paper for a conference presentation at the University of Hyderabad, we are looking forward…
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Talk : Classical political economy and the role of aggregate demand
We (University of Utah grad student community) had the privilege of inviting Dr. Alex Thomas (Associate Professor, Azim Premji University) for a talk on his work on how aggregate demand was always an important consideration in the work of Classical Political Economists. What struck me the most about this talk and from reading his paper…
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On Brody’s conjecture and Linearity of wage-profit curves in Input Output analysis
This paper is an attempt to use Input-Output matrices for the US economy for 2012 and discuss some unresolved questions with regards to Brody’s conjecture on convergence and linearity of wage profit curves (one of the components of the Cambridge Capital Controversy). I use data from 2012, Industry by Industry Total Requirements table at 3…
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Structural change in manufacturing and services: A 2D Model
Abstract In this paper , I attempt to form a 2 dimensional model of wage share andemployment. However, unlike the classical Goodwinian model (which is based on the Lotka-Voltera system), where wage share and employment rate are variables for a specific economy, here I am considering the effect of changes in employment in the services…
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Companion
High Sierra was a great companion, Walking in and out of many doors with me. Never spoke a word, I was her only friend. Sometimes she went partying, I could smell the alcohol all over. Before every flight she would panic, check-in scans gave her OCD. I don’t know what she was thinking, but always…
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Symbiosis of neoliberalism and state ideology in India in the post-liberalization era
1.Introduction Hegemony in Lenin’s work on Imperialism (Lenin, 1917), was a concept used to explain how the proletariat could achieve their interests within a bourgeois-democratic phase of development (especially pertaining to the Soviet Union) and the presence of a labor aristocracy within the working-class movement. The concept has been developed further with the works of…
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What is happening to U.S manufacturing ?
The US manufacturing sector added about 2370.9 bn USD in the year 2019 to the US economy and employed close to 12.5 million laborers. The average annual growth rate of value-added from 1997-2019 was 2.44 and the growth rate of the nominal wage bill was 1.52, which implies that the share of labor in value…
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On Marx and Wallerstein
In conventional Marxist theory and the World Systems theory, the nature and dynamics of capitalism depends on the essential antagonism between capital and labor. In fact, the origins of World-systems theory as is explicated by Wallerstein, is based on the axial division of labor between the core countries and the peripheries (Semi-peripheries are stuck between…
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On Political Economy of Distribution – Marx and Sraffa
A central question around classical political economists has been regarding the question of distribution. In works of Smith, Marx and Ricardo to name a few, the foundation of a theory of value is required to suggest how a capitalist mode of production lead to a certain form of distribution among workers and capitalists.For Adam Smith,…
Swayamsiddha Sarangi 