Underlying India's seemingly stangant economic structure is a huge volume of transition across different sectors of its economy.
I explore the nature and patterns on these transitions in my recently published work in Review of Development Economics.
1/8
If someone was to set up an academic institution by hiring all of the currently suspended / resigned academics in India that have been in the news in the last few week / months, it would make for a fantastic institution.
1/2
Noah Smith w/ his non-rigorous poverty measures & cultural imperialism.
There is no trusted data on poverty in India. The last consumption data was pulled back by the gov when it showed a rise in poverty. Jean Dreze and others calls BS on Bhalla et al measures he uses.
🔗 👇🏽 1/7
Some personal news:
I am excited to share that I am joining the Department of Economics at SOAS University of London
@SOASEconomics
as a Lecturer. It's an engagement that I am keenly looking forward to.
1/3
Very happy to be International Economic Association's
@IEA_economics
featured economist for the month October 2023.
In this profile, I reflect on why I do economics, relevance of my work, and how to think about the issue of diversity in the discipline.
In today's
@HTtweets
,
@rosaabraham6
and I reflect on the works of the 2023 Nobel in Economics, Claudia Goldin - some of the key contributions, relevance for India, and where it falls short.
India is dealing w/ a critical issues of supression of academic freedom. Prof
Snehashish Bhattacharya from Econ, along w/ 3 other faculty members, 've been suspended by admin. This comes in the backdrop of them urging Uni admin to constructively engage w/ student protests.🧵
Imagine having a political economist like Snehashish Bhattacharya, microeconomist like Sabyasachi Das, macro economist like Pulapre Balakrishnan, critical legal scholar as Srinivas Burra, sociologists as Ravi Kumar and Irfanullah Farooqi!
What farcical times we live in!
2/2
Friends/colleague/comrades, can you please suggest some key peer reviewed economics/development economics/political economy journals published in the countries of the *Global South*? And can you please maybe enhance the reach of the tweet? Thank you!
Happy to share co-authored piece, w/ Snehashish Bhattacharya & Lopamudra Banerjee, "Contradictions and Crisis in the World of Work: Informality, Precarity and the Pandemic” now published online in the Development and Change
@DevandChg
2022 Forum issue.🧵
Getting tired of mainstream folks identifying the pressure to publish in top 5 as the problem w economics. It's like top 1% complaining for not being in 0.01%. Open your eyes, academia is structured on marginalisation (of critical thought).
- Sincerely, a heterodox economist
1/8 In a conversation with one of my profs about yet another RCT 'proving' a well-known field-survey-based result using 'rigorous' data analysis, he remarks: "It is a sign of *dumbification* of Economics if you need a thousand sophisticated tools to 'prove' such an obvious point"
Thrilled to share that since last few months I've joined editorial board of the Review of Radical Political Economics
@RRPENEWS
journal. Since I was a students I've followed debates in Marxian theory that appeared in RRPE & this is also where my first publication appeared.
+
Almost everything worth reading in economics is covered at length in grad level textbooks.
Nobody learns calculus by reading De analysi per aequationes numero terminorum infinitas.
If you want to read original classic texts there's a discipline for you: comparative literature.
The South Asian University admin has suspended 4 faculty members. This comes against the backdrop of them urging the admin to engage constructively w/ students on protest last yr & registering dissent (internally) for punitive measures against students.
1/
This is a dream lecture series on political economy by SOAS Economics and NSSR Economics.
Open to all.
@SOASEconomics
@NSSRNews
Lecturers include: Costas Lapavitsas, Richard Wolff, Sara Stevano, Anwar Shaikh, Duncan Foley, Ha-joonChang, Elisa Waeyenberge & Cendric Durand +
🚨 SOAS Economics and
@NSSRNews
Economics are offering a fantastic lecture series on contemporary issues in political economy (10, Oct'22 - 24, Apr'23.
An exciting series with powerhouses in heterodox economics! ✊🏾
Details in pictures and thread below.
Jean Dreze finds that growth in real wages in India for agricultural labour, construction workers, & non-agricultural labour has been at 0.9, 0.2 & 0.3 percent.
A telling indicator of the nature of growth process in India.
There is much to be said about the right wing forces appropriating the idea of decolonisation. 🧵
Decolonisation is not a celebration of pre-colonial past in terms of Indian culture (which advertently falls into very catse-ist terrains). Instead,....1/6
Many scholars think of Marxian economics as some (testable) economic insights that Marx provides. It's a very limited/limiting understanding. Marxian economics is a theoretical framework, which, much like (late)neoclassical econ has its building blocks, applications, extensions.
Academics, globally, please consider signing this petition against the arbitary suspension of 4 faculty members from South Asian University, and asking government of the SAARC nations to intervene.
context in 🧵
Inequality, acc to Marxian theory, can't simply be done away w/ redistribution. Until ownership of value produced lies with specific class of people, inequality will continually be reproduced. Hence, the focus can't simply be on redistribution, but on structures of production.
Excited to share the co-authored article w/ Snehashish Bhattacharya & Sahil Mehra on "Exclusion, Surplus Population, and the Labour Question in Postcolonial Capitalism: Future Directions in Political Economy of Development".
@ReviewofPE
.
Open access
🧵 1/6
We don't need more evidence than the facts that (a) a country-wide unplanned lockdown was imposed on a 4 hours notice, and (b) vaccine registrations are through an online portal to show that a vast majority of population has ceased to exist in the imagination of policy makers.
I understand this is least of the concerns one can have with Indian politics today, but what's with the new found obsession with appointing management folks as economic advisors. BUSINESS MANAGEMENT AND ECONOMIC POLICY IS NOT THE SAME THING. No surprise we are in crisis.
The man who couldn't make it as an economist but took up the job of an economist because the government couldn't get an actual economist, and now that man can't shake off the complex.
Looking forward to this talk next week, where I will be speaking on decolonising economics, based on
@ingridharvold
and my forthcoming work 'economics meets with the decolonising agenda'.
Let's change how we teach & think about economics. Visit us for a public digital talk by Dr Surbhi Kesar on April 12, 7pm CET for FREE :) co-organised with my students. Register and PLEASE spread to all economics students & professors you care about :):
1/20 My work "Economic transitions, dualism, and Informality in India" is now a CSE working paper.
I analyze the nature & patterns of household level transitions in the over a period of high growth in India to provide insights into complexity of India's development trajectory.🧵
1/8 New working paper, "Economic transitions, dualism, and informality in India: Nature and patterns of household-level transitions" by Surbhi Kesar
@SurbhiKesar
.
Nope. For a long time only a specific set of economists considered minimum wages to be harmful, the other set has been writing and showing evidence about how it's not (& can, in fact, be useful for the economy).
But I think
@TheEconomist
simply chose to ignore such economists?
For a long time economists considered minimum wages to be harmful. That conventional wisdom has been increasingly challenged. One of our most popular stories from 2020
Great honour to announce that Surbhi Kesar, from the Azim Premji University, Bengaluru, India is joining the Editorial Board of ROPE. She will be contributing a paper on 'The Future of Political Economy".
@ingridharvold
We are back. The first seminar of the SOAS Economics Seminar Series on Jan 12 (17:00-18:30 UK time) by Professor Utsa Patnaik. She will draw some themes from her recent book (co-authored with Professor Prabhat Patnaik), Capital and Imperialism: Theory, History, and Present.
👇🏽
🚨 Join us for the first seminar of the SOAS Economics Seminar Series of Term 3 on "Capital and Imperialism: Theory, History, and Present" by Utsa Patnaik on January 12, 17:00-18:30 (UK time)!
Zoom Link:
Meeting ID: 995 1491 0316
Passcode: SOASEcon22
Remember the recent debate, where T Roy is questioning
@jasonhickel
and provides his inputs on British colonial policies and Indian Famines?
A timely intervention by Tamogha Halder from
@azimpremjiuniv
pointing out the flaws in Roy's arguments.
NEW POST: Prof
@RoyHistory1
has recently sought to destroy claims that British colonial policies caused famines in India.
Tamoghna Halder fact checks each of Roy's points, finds multiple mistakes.
Roy's defense of colonialism seems to be on shaky ground.
It's unfortunate that after years of discussion on interdisciplinarity, wt we've largely achieved is most economists using caste/gender merely as dummy var and increasingly sociologists often defining rigour based on sloppy data analysis. Each failing to import richness of other.
Devika Dutt receiving so much hate & being harassed for her disagreement with the Nobel shows the most ugly side and low point of academia. Whether you agree with her stance or not is beyond point here.
This is harassment and needs to be called out. Period.
Gotta love scum of the discipline, EJMR. They want to reward me for having a different opinion with “making sure I don’t find an academic job”, speculating whether I’m related to a Bollywood actor (lol), and a variety of other racist and sexist shit.
After decades of preaching Global South economies to imbibe capitalist rationality, institutions, & modernity, the most advanced K-ist economy just put on a classic show of animal spirits, defunct institutions, and, well, that's not the modernity to aspire for.
It's annoyingly hilarious to see these not-so-useful studies on Marx, such as how famous was he, how left, how much did he influence politics, getting so much traction, while the actually useful Marx-*ian* analysis of contemporary capitalism remains marginalized in mainstream.
Working
@working_india
over the past year has been enriching and rewarding. Very excited to now join the School of Arts and Sciences
@azimpremjiuniv
as an Assistant Professor of Economics, and have a stellar group of brilliant economists & other social scientists as my colleagues
After being with us
@working_india
for a year, I am happy and excited to welcome
@SurbhiKesar
in her new role as our newest faculty member in Economics at the School of Arts and Sciences,
@azimpremjiuniv
. Look forward to working together!
Indeed thrilled to share that we have been working on this challenging and exciting project on Decolonising Economics (with my brilliant colleagues
@ingridharvold
@devikadutt
@cacrisalves
).
I owe the debt to many whose works I (we) have been engaging with over the past year.
A pleasure to co-organize the 24th Annual Conference of the Association for Heterodox Economics.
When? 6-8 July, 2022
Where? SOAS University of London.
Theme: Crises in capitalism or crises of capitalism
Co-organzier
@SOASEconomics
@SOAS
CFP/details👇🏽
Happy New Year! The new year is here and so is the CfP for the 24th Annual Conference of the Association for Heterodox Economics! This conference is being organised in collaboration with and at SOAS in a hybrid format b/w 6-8th July. Get your abstracts in by February 15th!
It's like economists are so caught up on perfecting their tools, they have forgotten what they are really trying to study. They walk with their tools and begin plumbing just about anything.
1/n It's quite funny to see people debating on what was Marx right about. It needs to be clear that Marxian theory is an altogether framework to understand the world (distinct from the neo-classical or Keynesian).
First, instead of indivuduals it begins with social realtions.
It's appalling to see Global North academics *exoticising* institutions from the Global South, such as patriarchy/Feminist movement. Such analysis often comes from a very narrow North-centirc lens, where subjects from the South are turned into zoo creatures.
1/2
My last association as an Assistant Professor of Economics at
@azimpremjiuniv
was truly enriching. I'll continue this engagement as a visiting faculty and as a fellow at
@working_india
. I'll dearly miss my students & colleagues, from whom I've learnt immensely.
2/3
Kumar Rohit
@AdamsFallacy
from
@SouthAsianUni
questions the role of GVCs in driving a structural transformation, drawing empirically upon experiences of 40 developing economies from the regions of Asia, Africa, & Latin America b/w 1993–2015. 1/2
If you are looking for institutions that offer a Master's degree in Economics with a pluralist approach, this offers a very good starting point.
If there are institutions that you know of but are not in here, please add them to the thread for students to follow up on.
Thinking of doing a masters in 2022 to understand how to make economies work for people and planet? But don’t think dull, disconnected maths really cuts it?
Then do check out our ‘TripAdvisor’ to find masters that will help you make a difference.
Received a review request on 22 Dec with a 1st Jan deadline, while adding that if I need an extension given the pandemic, they understand.
One week to review and bang in the middle of holidays? This is not done, not in pandemic year, not in any year.
Let's not normalise overwork.
A useful rule of thumb to take sides during a time of conflict is to identify power balance. This identification of oppressor & oppressed, colonised & coloniser, needs to be a marker of distinction. When history runs its trial, this simple rule can acquit you.
#StandwithPalestine
1/7 Is there an issue with this year's nobel? If so, what? A thread trying to break this down.
To write-off Milgrom Wilson as unimportant within the micro theory traditions would, in my limited knowledge, be incorrect. Their work has had imp contributions in advancing the field.
The people who characterize Smith / Marx, etc as just dead white men and not ideas that have structured economic theory, albeit with authors having specific positionality, are the same people who think one can decolonize by simply adding POC to their curriculum. Well, you can't😊
Global academics urge interventions by ministers from SAARC nations to revoke the arbitary suspension of the 4 suspended faculty members from South Asian University.
Dissent, democracy, and critical inquiry in academia needs to be upheld.
Closely witnessing a lot of dynamics of Indian academic community in their ability to speak truth to power, and getting reminded of this famous Sher by Rahat Indori Sahab:
"Log har morh pe ruk ruk ke sambhalte kyun hain?
Itna darr te hain toh phir ghar se nikalte kyun hain?"
Last yr I got to teach some interesting courses on Econ of Identity, Political Economy, & Communicating Econ, and made an attempt to engage with some challenging research questions.
I am looking forward to continuing this exploration of economics (& of myself) in the new role.
3
The yr-long struggles against farms laws in India has finally come to fruition, w Modi gov being forced to withdraw the laws.
The gov was paving way for large scale "accumulation by dispossession", and this has been a struggle against that key feature of post-colonial capitalism.
Do u remeber use of Agent Orange in US war on Vietnam? Do you remeber South African apartheid? Do u see Afghans moved to ruins by West? *Do u witness the Israeli genocide in Palestine?*
We don't even need to go to histories of colonialism, Western imperialism is alive & thriving.
It's a new year and we have created a new reading list from D-Econ, spanning different themes.
Diversify and decolonise your reading list, yet again. ✊🏾
Dying to know what D-Econ's top reading picks for the second half of 2021 were?
Here are 9 books that together provide an alternative and richer understanding of the socioeconomic world we live in, that what the lists in the mainstream media provides.
Very excited to share
@ingridharvold
and my co-authored work on decolonising economics teaching is out in
@RIPEJournal
. See the detailed thread by Ingrid on the paper, and some thoughts from me below. 1/8
Our paper on decolonizing economics teaching is finally out!
@SurbhiKesar
& I surveyed 498 economists to evaluate possibilities and challenges associated with efforts to decolonize economics.
As you may imagine, the results are not super encouraging...🧵
1. This assumes that textbooks are indeed some objective form of knowledge. Economics is a social science that's a series of debates. There is no one objective take, they are all critical dialogues. 2/N
The state election results was the little glimmer of hope in these dark times in India. It's an affirmation that we are better than this (only wish the realisation had come sooner and continues).
Also, had Sambhaar Dosai for breakfast, and Begun bhaja for dinner. Get it, get it?!
Capital is global, labour is not. And till the latter is not made as mobile/globally organised, there is no winning over capital. All it will do is create a differentiated workforce, with those structurally marginalised having to pay the higher price.
How are the govt going to fund paying public sector workers more?
'The fee for migrants applying for visas and accessing the NHS will go up - that will raise over £1bn,' Rishi Sunak explains.
📺 Sky 501, Virgin 602
My folks paid taxes and I studied in public universities with partial or full scholarships throughout my life. Now I am (almost) a PhD in Economics and I pay my taxes so that others can have access to the education that I did.
#TaxPayersWithJNU
Save public universities.
Someone take notes for my gifts?
Also, I share my birthday with Karl Marx (only time I belived in teleogicial determinism) - in case you are looking to be innovative. 😌
This disconnect of Economics from political and social contexts is one of th biggest failure of the discipline. But now to celebrate it as a success seems to denote extreme poverty of intellect.
Rereading Poor Economics and it's even worse than I remember... There's actually a whole section called "Against Political Economy," where they explain that since "good policies" can be carried out in any political context, Political Economy is obsolete!
We will be editing a special issue on the exciting theme of "Anti-Capitalist Pedagogies and Teaching Radical Economics" in Review of Radical Political Economics.
@RRPENEWS
Consider submitting! Submission deadline: January 31, 2024.
RRPE call for papers for a Special Issue on "Anti-Capitalist Pedagogies and Teaching Radical Economics"
Deadline: Jan 31 '24
Special Issue Collective Members:
@SurbhiKesar
,
@andmearman
, Gary Mongiovi, Mary Wrenn, Smita Ramnarain, and Geoff Schneider
We, at D-Econ, are happy to publish our diversifies and decolonised fall reading list. It includes books from varied perspectives, including those focusing on structural racism
@SandyDarity
, bias in economic tools
@kanarinka
@laurenfklein
, neoliberalism
@zeithistoriker
.
If you are looking to diversify your reading list beyond narrow perspectives or white male authors, D-Econ's fall 2020 list in now published.
We present a wider selection of books to ensure diversity in terms of topic, perspective, and author's identity.