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Posts by Debraj Ray

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, 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...

  • 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

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...

  • Articles

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 abortion...

  • Articles

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.

  • Perspectives

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...

  • Perspectives

(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...

  • Perspectives