Archive for August 4th, 2014

India’s Union Budget largely reflects thinking based on New Keynesian school…

August 4, 2014

Rohit, Prof at JNU has this interesting discussion paper in recent EPW edition.

He points to 2014-15 Budget document- Macroeconomic Framework Statement- and says it is hugely inspired from New Keynesian school(he calls it a misnomer as there is nothing like it). However, I would the ideas are not limited to 2014-15 Budget. They have been part of our economics thinking for a while. Apart from this, the paper gives a short history of evolution of macro thought.

First the budget:

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Why politics is not taught actively in India’s new central universities?

August 4, 2014

Dhananjay Rai of Central University of Gujarat (Gandhinagar) writes that in the newly created thirteen central universities in India, political studies are being given a miss. Only 3 out of these 13 universities have a proper course on politics. Rest have mixed it with interdisciplinary stuff or given a miss:

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