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Posts by Debraj Ray

I4I@10 | First Ashok Kotwal Memorial Lecture: The future of development

What is the 'fourth' fundamental law of capitalism? Will capital ‘inherit the earth’? Has the pandemic quickened the intuitive appeal of the capital-labour substitution? Should sovereign funds be ...

  • Videos

Covid-19 and other diseases: An ‘Animal Farm’ perspective

Debraj Ray and S Subramanian contend that despite the apparent sentiment of ‘we are all in this together’, the global burdens of Covid-19 and the global benefits of anti-Covid-19 policy have been ...

  • Perspectives

On India’s ‘low’ Covid-19 case fatality rate

India’s Covid-19 case fatality rate is impressively low at 1.7%, compared to the world average of 4%. This apparently superior performance could, however, simply be a product of three factors: the c...

  • Articles

ड्यूएट: रोजगार को एक सार्वभौमिक अधिकार बनाने की ओर

देबराज रे का यह कहना हैं कि हमें रोजगार के मुद्दे को एक सार्वभौमिक अधिकार बनाने के रूप में आगे बढ़ाना चाहिए, और ड्यूएट इस दिशा में महत्‍वपूर्ण भूमिक निभाएगा। वे प्रस्‍ताव के दो पहलुओं पर चर्चा करते है...

  • दृष्टिकोण

DUET: Towards employment as a universal right

Debraj Ray contends that we should push forward with the agenda of employment as a universal right, and DUET would move that needle. He discusses two aspects of the proposal – keeping track of worke...

  • Perspectives

India’s Covid-19 lockdown: An interim report

In an earlier paper, Debraj Ray and S. Subramanian had argued that in developing countries like India, a perspective of "lives versus lives" may be needed to evaluate the virtues of a stringent lockdo...

  • Perspectives

क्‍या एक व्‍यापक लॉकडाउन का कोई उचित विकल्‍प है?

कोविड-19 के खिलाफ भारत की लड़ाई में, हम दो विकल्‍पों में से अनिवार्यत: एक का चयन कर रहे हैं, एक ओर सामाजिक दूरी और दूसरी ओर लोगों को अपनी आजीविका से वंचित करना। सामान्य तथा अनिवार्य लॉकडाउन की अस्थिरत...

  • दृष्टिकोण

Covid-19: Is there a reasonable alternative to a comprehensive lockdown?

In India’s battle against Covid-19, we are inevitably confronted by the choice between social distancing on the one hand, and denying people their livelihood on the other. Recognising the unsustaina...

  • Perspectives

Parikshit Ghosh speaks with Debraj Ray

In this podcast, Parikshit Ghosh (Member of the I4I Editorial Board & Associate Professor, Delhi School of Economics) speaks with Debraj Ray (Julius Silver Professor, Faculty of Arts and Science, and ...

  • Podcasts

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.

  • Perspectives

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...

  • Perspectives

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...

  • Perspectives