In conversation with Congress leader Rahul Gandhi, Abhijit Banerjee advocates larger stimulus package, complete debt cancellations for a quarter, and temporary ration cards.
RCTs will get more resources & interest after Banerjee & his partners’ economics Nobel. But the poor, on whom these trials will be conducted, need protection.
In Good Economics for Hard Times, Nobel laureates Esther Duflo and Abhijit Banerjee write about the link between liberalisation and inequality in India.
Growth doesn’t imply every development economist should spend their careers in pursuit of big transformational growth policies that may not even exist.
The 2019 Nobel Prize for Economics winner Prof. Abhijit Banerjee was in conversation with ThePrint’s Editor-in-Chief Shekhar Gupta and Business Standard Chairman T.N. Ninan...
Ventures by Japan, South Korea and Taiwan illustrate how the race for REE security is accelerating, powered by both geopolitical tension and industrial strategy.
ThePrint had previously reported that India & Russia are talking about 5 more regiments of the S-400, but no contracts are to be signed during the Russian president's visit.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
Next in line may be Dr. Amarthya Sen. Most of these Darbari poverty Economists are foreign trained or educated. Sitting in some foreign country having no knowledge of ground realities, they draw their conclusions based on information of some entity outsourced to collect data most of the times not relevant to Indian conditions. So please carry on till RG is fully trained.
Fantastic…Blind leading a Blind!!! 1st Abhijit should teach Rahul diff btwn ‘Waive off’ & ‘Write off’, his understanding is scratching d bottom. India has a strong Economic mechanism, v r doing good…both of these wise bods shld mind their own business.
First thing is how you get out of it? On the first day of partial relaxation we saw the overcrowding n mess at liqour shops.Should ppl feel normal everywhere then ppl will be orderly and will not rush out to create such panic.Certain economic activity has been opened but how do the workers reach there in the absence of public transport ? So it is neither here nor there.Only by complete lifting of LDN n creating normal conditions can the new normal of social distancing, while travelling in a bus,metro,train etc. ,wearing mask,hygiene of hand washbetc. ppl can learn to adopt.That is the only way to open the economy that is complete opening and learning to adopt new normal.On the other hand more important immidiate task in hand is that of help the marginal section survive first about which Mr Banerjee is talking to be able to be part of revival.It involves massive doles of a mai-baap sarkar which states can’ t without transfer of massive cash from center which Modi would have none of it as seen in case of migrant labor ticket payment issue, because he wants complete control over purse strings centrally but will not yield result. So the first requirement is someone to replace Modi at the center who is prepared to work on these lines with states giving them the autonomy to decide on day to day decisions but also having enough money.
When we give people money to spend it they will buy more no. of goods and services that will help the econy because Inflation is caused when the purchasing power of people is decreased when we give money,employment to people they will earn pay taxes have more purchasing power they can afford things and Mr. Banerjee here is taking in terms of how to revive the economy during lockdown and when there is no great and serious issue then what we need to do is sustainable development and increase employment so that people can affotd these things and when people will be able afford these things the purchasing power will increase and we will have a good rate of inflation
Print and spend … One does not need an Economics Nobel to figure where that will lead.
For Government RG is the enemy greater than Corona. For the RG it’s vis-versa the same. So when RG suggest something means to show him underrated , they won’t follow him. But in this battle the country suffers, the economy suffers, the average man suffers, the industry, the industrialists, business man with suffers.
If really Modi has to pickup the economy, the GDP or progress the nation instead of Jaundiced eyes, his government & he himself should due attention to the great RRR/ AB/ AS & take these persons on advisory board or Niti Agyog. Where is Mr. Rangrarajan,Mr.M .Ahuluwalia, Mr. Manmohan? Why not open heartedly respond as Mr. RRR has already suggested that accept the bad conditions of economy first then you ll find the way
That will cause inflation. And I’m sure no one wants to take a bag full of cash to buy a pack of bread. Yes, that’s what it’ll do to the economy
Next in line may be Dr. Amarthya Sen. Most of these Darbari poverty Economists are foreign trained or educated. Sitting in some foreign country having no knowledge of ground realities, they draw their conclusions based on information of some entity outsourced to collect data most of the times not relevant to Indian conditions. So please carry on till RG is fully trained.
So that they can buy liquor from that money.
Fantastic…Blind leading a Blind!!! 1st Abhijit should teach Rahul diff btwn ‘Waive off’ & ‘Write off’, his understanding is scratching d bottom. India has a strong Economic mechanism, v r doing good…both of these wise bods shld mind their own business.
First thing is how you get out of it? On the first day of partial relaxation we saw the overcrowding n mess at liqour shops.Should ppl feel normal everywhere then ppl will be orderly and will not rush out to create such panic.Certain economic activity has been opened but how do the workers reach there in the absence of public transport ? So it is neither here nor there.Only by complete lifting of LDN n creating normal conditions can the new normal of social distancing, while travelling in a bus,metro,train etc. ,wearing mask,hygiene of hand washbetc. ppl can learn to adopt.That is the only way to open the economy that is complete opening and learning to adopt new normal.On the other hand more important immidiate task in hand is that of help the marginal section survive first about which Mr Banerjee is talking to be able to be part of revival.It involves massive doles of a mai-baap sarkar which states can’ t without transfer of massive cash from center which Modi would have none of it as seen in case of migrant labor ticket payment issue, because he wants complete control over purse strings centrally but will not yield result. So the first requirement is someone to replace Modi at the center who is prepared to work on these lines with states giving them the autonomy to decide on day to day decisions but also having enough money.
Sorry Dr Banerjee,
Pardon my ignorance- but giving people money and asking them to spend- will that not lead to hyperinflation?
Is that not what happened in Germany about 100 years ago (just less than 100)?
When we give people money to spend it they will buy more no. of goods and services that will help the econy because Inflation is caused when the purchasing power of people is decreased when we give money,employment to people they will earn pay taxes have more purchasing power they can afford things and Mr. Banerjee here is taking in terms of how to revive the economy during lockdown and when there is no great and serious issue then what we need to do is sustainable development and increase employment so that people can affotd these things and when people will be able afford these things the purchasing power will increase and we will have a good rate of inflation
Print and spend … One does not need an Economics Nobel to figure where that will lead.
For Government RG is the enemy greater than Corona. For the RG it’s vis-versa the same. So when RG suggest something means to show him underrated , they won’t follow him. But in this battle the country suffers, the economy suffers, the average man suffers, the industry, the industrialists, business man with suffers.
If really Modi has to pickup the economy, the GDP or progress the nation instead of Jaundiced eyes, his government & he himself should due attention to the great RRR/ AB/ AS & take these persons on advisory board or Niti Agyog. Where is Mr. Rangrarajan,Mr.M .Ahuluwalia, Mr. Manmohan? Why not open heartedly respond as Mr. RRR has already suggested that accept the bad conditions of economy first then you ll find the way
The only thing that Rahul Gandhi has to offer India is that he can make us laugh!
The guy is a funny clown.