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Posts by Debraj Ray

Parikshit Ghosh speaks with Debraj Ray

In this podcast, I4I Editor Parikshit Ghosh (Associate Professor, Delhi School of Economics) speaks with Debraj Ray (Julius Silver Professor, Faculty of Arts and Science, and Professor of Economics, N...

Kenneth Arrow, 1921-2017

In a tribute to Kenneth Arrow, Debraj Ray, Professor of Economics at NYU, outlines the contributions of the late Nobel laureate to economic thought.

The universal basic share and social incentives

In the previous article in the series, Debraj Ray proposes a simple amendment of the universal basic income called the universal basic share. In this article, Debraj Ray and Karl Ove Moene (Universit...

The universal basic share

Debraj Ray, Professor of Economics at NYU, proposes a simple amendment of the universal basic income – what he calls the ‘universal basic share’. The idea is to commit a fixed fraction of the g...

Analysing worker responses to a contract change

Higher-powered incentives are generally believed to increase worker productivity. In the context of an Indian tea plantation, this column examines a contract change wherein baseline wages were increas...

Missing unmarried women

The developing world has notoriously low sex ratios, a phenomenon that has been described as ‘missing women’. This is believed to be driven by parental preferences for sons, sex-selective abortio...

A symposium on Piketty - I: Nit-Piketty

In this part of the series on Piketty, Debraj Ray, Professor of Economics, New York University, attempts to clear the confusion caused by the theoretical discussion in Piketty’s book.

Response to the Bhagwati-Panagariya rejoinder on MNREGA

In a recent article, Abreu et al. refuted the Bhagwati-Panagariya argument for phasing out MNREGA in favour of cash transfers. In this article, Abreu et al. respond to claims in a rejoinder by Bhagwa...

(Mis)Leading attack on MNREGA

Bhagwati and Panagariya have argued for phasing out MNREGA in favour of cash transfers. In this article, Abreu et al. contend that the argument is based on inflating the costs of the programme and de...

Please weight

The latest wealth index by New World Wealth that looks at multimillionaires has ranked India eighth in the global rich list. This article contends that looking at absolute numbers may be misleading. ...

Monkeying with the rupee

In this article, Debraj Ray discusses the sharp depreciation of the rupee and the ongoing outflow of foreign capital from India. Further, he refutes claims that the costs associated with the Food Sec...

Star Wars

Debraj Ray gets to the heart of the growth versus redistribution debate and argues that a sectoral imbalance in growth is inevitable. While occupational choice is an important way to deal with this, ...