Economic Thought
Some thoughts on paternalism in poverty programmes
Jishnu Das
Posted on: 23 Dec 2013

“…it is pretty ironic the number of conversations I have had with development people about the poor and their drinking - over drinks.” – Paul Niehaus.
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Squaring the poverty circle
Angus Deaton , Jean Drèze
Posted on: 30 Jul 2014

An expert group headed by C Rangarajan has recommended a poverty measurement methodology for India. In this article, Deaton and Drèze argue that the method proposed by the expert group to set poverty lines is both theoretically and empirically implausible. A simple and transparent benchmark, amenable to democratic debate, would be more useful.
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John Nash and modern economic theory
Parikshit Ghosh
Posted on: 04 Jun 2015
Topics:   Economic Thought

In a tribute to John Nash, Parikshit Ghosh, Associate Professor at Delhi School of Economics, outlines the revolutionary contributions of the late Nobel laureate to economic thought.
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A symposium on Piketty - II: Capitalist dynamics and the plutocrats
Pranab Bardhan
Posted on: 17 Jun 2015

In the last part of the series on Piketty, Pranab Bardhan, Professor of Economics, University of California, Berkeley, discusses the implications for further study that Piketty’s book has for developing countries such as India. He emphasises the need for collecting more serious information on wealth ownership in India.
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Angus Deaton’s ideas for India
Diane Coffey , Dean Spears
Posted on: 30 Oct 2015

In a tribute to Angus Deaton, the 2015 Nobel laureate in Economics, Diane Coffey and Dean Spears – former graduate students of Prof. Deaton at Princeton University – review some of his work on the well-being of the poor in India, and discuss the paradoxes and puzzles that still remain.
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A conversation on development - I
Kaushik Basu , Parikshit Ghosh
Posted on: 03 Feb 2016

Parikshit Ghosh (Associate Professor of Economics, Delhi School of Economics) speaks with Kaushik Basu (Chief Economist and Senior Vice President, World Bank and former Chief Economic Adviser, Government of India) on issues ranging from the change in World Bank’s mission and its engagement with the world, rising inequality in the developed world, managing the negative side effects of growth, to the role of behavioural economics and paternalism in development, and the exclusionary nature of the ongoing digital revolution.

This part of the interview focuses on global issues. This is the fourth in the series of I4I Conversations.

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Basic income in a poor country
Pranab Bardhan
Posted on: 26 Sep 2016

Pranab Bardhan, Professor of Economics, University of California, Berkeley argues that even though universal basic income is being considered unaffordable in some developed countries, it may well be feasible and desirable in a poor to medium-income country partly on account of low poverty thresholds and existing social safety nets that are threadbare and costly to administer.

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Universal basic income: The best way to welfare
Abhijit Banerjee
Posted on: 27 Sep 2016

Abhijit Banerjee, Professor of Economics at MIT, suggests replacing welfare schemes of the government by a single universal basic income, which entitles every adult resident to a minimum weekly income as long as they verify their identity every week.

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Is India ready for a universal basic income scheme?
Maitreesh Ghatak
Posted on: 28 Sep 2016

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 revenue - but the real issue is whether there will be political support to do so.

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The universal basic share
Debraj Ray
Posted on: 29 Sep 2016

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 gross domestic product to the provision of a basic income for all.

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