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Posts by Maitreesh Ghatak

Notes ban: Modinomics vs. Moditics

Maitreesh Ghatak, Professor of Economics at the London School of Economics, contends that while the ban on high-denomination currency notes is bad economics, it is a brilliant political move.

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Nobel prize in Economics 2016: The economy as a nexus of contracts

An important line of research in microeconomics has tried to explain how the economic institutions that underpin the ‘invisible hand of the market’ actually work. The specific economic institution...

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Is India ready for a universal basic income scheme?

Maitreesh Ghatak, Professor of Economics, London School of Economics, contends that potential resources do exist to fund a universal basic income scheme, via subsidy cuts and/or raising more tax reve...

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Surrogacy bill: Boon or ban(e)?

The Surrogacy (Regulation) Bill, 2016 proposes a complete ban on commercial surrogacy and restrictions on altruistic surrogacy. In this article, Maitreesh Ghatak, Professor of Economics, London School...

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Fixit, not Brexit

In a referendum on 23 June, Britain voted for its exit from the European Union. In this article, Maitreesh Ghatak, Professor of Economics, London School of Economics, discusses the causes and likely ...

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The crisis of farmer suicides

More than 15,000 Indian farmers have committed suicide per year, on average, in the last two decades – a suicide rate that appears to be higher than that of the general population. In this article,...

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Union Budget 2016: A UPA-III Budget

In this article, Maitreesh Ghatak, Professor of Economics at the London School of Economics, contends that the Modi government presented a reasonably good United Progressive Alliance (UPA)-III Budget ...

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Bihar verdict: Development, cow politics, and caste

The Nitish Kumar-led Grand Alliance of JD(U)-RJD-Congress defeated the Modi-led NDA in the recent Bihar assembly elections. In this article, Maitreesh Ghatak, Professor of Economics at the London Sch...

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Angus Deaton: The real world economist

In a tribute to Angus Deaton, recipient of this year’s Nobel Prize in Economics, Maitreesh Ghatak, Professor of Economics at the London School of Economics, outlines Deaton’s contribution to econ...

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Moving beyond the growth-versus-redistribution debate

The two dominant narratives on the state of the Indian economy – one centred on growth and the other on poverty – are in a constant state of conflict. In this article, Maitreesh Ghatak, Professor...

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Land acquisition Act: Addressing both justice and prosperity

The Modi government’s land acquisition ordinance did away with the consent and social impact assessment requirements for private projects in certain sectors under UPA’s 2013 land Act. In this art...

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Land acquisition debate: The price is not right

The central government’s move to amend the 2013 land acquisition Act has come under criticism for being ‘anti-farmer’. In this article, Maitreesh Ghatak and Parikshit Ghosh argue that while the...

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