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Prabhat Patnaik
Prabhat Patnaik is an Indian Marxist economist and political commentator. He taught at the Centre for Economic Studies and Planning in the School of Social Sciences at Jawaharlal Nehru University in New Delhi, from 1974 until his retirement in 2010. He was the vice-chairman of Kerala State Planning Board from June 2006 to May 2011. Early life and education Patnaik was born on 19 September 1945 in Jatni, Odisha. His father was the communist leader and Member of the Legislative Assembly (MLA), Prananath Patnaik. Prabhat, after his early schooling in his hometown, studied at the Daly College, Indore on a Government of India Merit Scholarship. He passed his B.A. with Economics Honours from the St. Stephen's College, Delhi, ranking first in the first class. Afterwards, He went to University of Oxford in 1966 on a Rhodes Scholarship and studied at Balliol College and later at Nuffield College. He obtained his Bachelor of Philosophy and his Doctor of Philosophy degrees from Oxfor ...
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Kozhikode
Kozhikode (), also known in English as Calicut, is a city along the Malabar Coast in the state of Kerala in India. It has a corporation limit population of 609,224 and a metropolitan population of more than 2 million, making it the second largest metropolitan area in Kerala and the 19th largest in India. Kozhikode is classified as a Tier 2 city by the Government of India. It is the largest city in the region known as the Malabar and was the capital of the British-era Malabar district. In antiquity and the medieval period, Kozhikode was dubbed the ''City of Spices'' for its role as the major trading point for Indian spices. It was the capital of an independent kingdom ruled by the Samoothiris (Zamorins). The port at Kozhikode acted as the gateway to medieval South Indian coast for the Chinese, the Persians, the Arabs and finally the Europeans. According to data compiled by economics research firm Indicus Analytics in 2009 on residences, earnings and investments, K ...
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Balliol College
Balliol College () is one of the constituent colleges of the University of Oxford in England. One of Oxford's oldest colleges, it was founded around 1263 by John I de Balliol, a landowner from Barnard Castle in County Durham, who provided the foundation and endowment for the college. When de Balliol died in 1268, his widow, Dervorguilla, a woman whose wealth far exceeded that of her husband, continued his work in setting up the college, providing a further endowment and writing the statutes. She is considered a co-founder of the college. The college's alumni include four former Prime Ministers of the United Kingdom (H. H. Asquith, Harold Macmillan, Edward Heath, and Boris Johnson), Harald V of Norway, Empress Masako of Japan, five Nobel laureates, several Lords of Appeal in Ordinary, and numerous literary and philosophical figures, including Shoghi Effendi, Adam Smith, Gerard Manley Hopkins, and Aldous Huxley. John Wycliffe, who translated the Bible into English, was mast ...
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Joseph Stiglitz
Joseph Eugene Stiglitz (; born February 9, 1943) is an American New Keynesian economist, a public policy analyst, and a full professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is a former senior vice president and chief economist of the World Bank. He is also a former member and chairman of the (US president's) Council of Economic Advisers. He is known for his support of Georgist public finance theory and for his critical view of the management of globalization, of ''laissez-faire'' economists (whom he calls " free-market fundamentalists"), and of international institutions such as the International Monetary Fund and the World Bank. In 2000, Stiglitz founded the Initiative for Policy Dialogue (IPD), a think tank on international development based at Columbia University. He has been a member of the Columbia faculty since 2001, and received the university's highest academic rank ...
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Global Financial System
The global financial system is the worldwide framework of legal agreements, institutions, and both formal and informal economic actors that together facilitate international flows of financial capital for purposes of investment and trade financing. Since emerging in the late 19th century during the first modern wave of economic globalization, its evolution is marked by the establishment of central banks, multilateral treaties, and intergovernmental organizations aimed at improving the transparency, regulation, and effectiveness of international markets. In the late 1800s, world migration and communication technology facilitated unprecedented growth in international trade and investment. At the onset of World War I, trade contracted as foreign exchange markets became paralyzed by money market illiquidity. Countries sought to defend against external shocks with protectionist policies and trade virtually halted by 1933, worsening the effects of the global Great Depression until a ...
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Reform
Reform ( lat, reformo) means the improvement or amendment of what is wrong, corrupt, unsatisfactory, etc. The use of the word in this way emerges in the late 18th century and is believed to originate from Christopher Wyvill's Association movement which identified “Parliamentary Reform” as its primary aim.Reform in English Public Life: the fortunes of a word. Joanna Innes 2003 Reform is generally regarded as antithetical to revolution. Developing countries may carry out a wide range of reforms to improve their living standards, often with support from international financial institutions and aid agencies. This can include reforms to macroeconomic policy, the civil service, and public financial management. In the United States, rotation in office or term limits would, by contrast, be more revolutionary, in altering basic political connections between incumbents and constituents. Re-form When used to describe something which is ''physically'' formed again, such as re-casting ...
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United Nations
The United Nations (UN) is an intergovernmental organization whose stated purposes are to maintain international peace and security, develop friendly relations among nations, achieve international cooperation, and be a centre for harmonizing the actions of nations. It is the world's largest and most familiar international organization. The UN is headquartered on international territory in New York City, and has other main offices in Geneva, Nairobi, Vienna, and The Hague (home to the International Court of Justice). The UN was established after World War II with the aim of preventing future world wars, succeeding the League of Nations, which was characterized as ineffective. On 25 April 1945, 50 governments met in San Francisco for a conference and started drafting the UN Charter, which was adopted on 25 June 1945 and took effect on 24 October 1945, when the UN began operations. Pursuant to the Charter, the organization's objectives include maintaining internatio ...
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Social Scientist
Social science is one of the branches of science, devoted to the study of societies and the relationships among individuals within those societies. The term was formerly used to refer to the field of sociology, the original "science of society", established in the 19th century. In addition to sociology, it now encompasses a wide array of academic disciplines, including anthropology, archaeology, economics, human geography, linguistics, management science, communication science and political science. Positivist social scientists use methods resembling those of the natural sciences as tools for understanding society, and so define science in its stricter modern sense. Interpretivist social scientists, by contrast, may use social critique or symbolic interpretation rather than constructing empirically falsifiable theories, and thus treat science in its broader sense. In modern academic practice, researchers are often eclectic, using multiple methodologies (for instance, by ...
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Political Economy
Political economy is the study of how economic systems (e.g. markets and national economies) and political systems (e.g. law, institutions, government) are linked. Widely studied phenomena within the discipline are systems such as labour markets and financial markets, as well as phenomena such as growth, distribution, inequality, and trade, and how these are shaped by institutions, laws, and government policy. Originating in the 16th century, it is the precursor to the modern discipline of economics. Political economy in its modern form is considered an interdisciplinary field, drawing on theory from both political science and modern economics. Political economy originated within 16th century western moral philosophy, with theoretical works exploring the administration of states' wealth; "political" signifying the Greek word '' polity'' and "economy" signifying the Greek word '; household management. The earliest works of political economy are usually attributed to th ...
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Macroeconomics
Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and government spending to regulate an economy's growth and stability. This includes regional, national, and global economies. According to a 2018 assessment by economists Emi Nakamura and Jón Steinsson, economic "evidence regarding the consequences of different macroeconomic policies is still highly imperfect and open to serious criticism." Macroeconomists study topics such as Gross domestic product, GDP (Gross Domestic Product), unemployment (including Unemployment#Measurement, unemployment rates), national income, price index, price indices, output (economics), output, Consumption (economics), consumption, inflation, saving, investment (macroeconomics), investment, Energy economics, energy, international trade, and international finance. ...
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Sukhamoy Chakravarty
Sukhamoy Chakravarty (26 July 1934 – 22 August 1990) was an Indian economist who, along with Prasanta Chandra Mahalanobis, was a key architect of the Five-Year plans of India. He attended Ballygunge Government High School, Calcutta and Presidency College, Kolkata when it was under University of Calcutta as an Economics major, where he was a batchmate of Amartya Sen. He later attended the Delhi School of Economics and obtained a doctorate from Erasmus University Rotterdam under Jan Tinbergen. He assumed a teaching post at Massachusetts Institute of Technology but returned to India to join the Planning Commission. He was a professor of economics at the Delhi School of Economics Delhi School of Economics (DSE), popularly referred to as "D School", is a Higher Educational Institution within the University of Delhi. The Delhi School of Economics is situated in University of Delhi's North Campus in Maurice Nagar. Establ .... Sukhamoy was a highly creative and prodigious scholar ...
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Clare College, Cambridge
Clare College is a constituent college of the University of Cambridge in Cambridge, England. The college was founded in 1326 as University Hall, making it the second-oldest surviving college of the University after Peterhouse. It was refounded in 1338 as ''Clare Hall'' by an endowment from Elizabeth de Clare, and took on its current name in 1856. Clare is famous for its chapel choir and for its gardens on " The Backs" (the back of the colleges that overlook the River Cam). Clare is consistently one of the most popular Cambridge colleges amongst prospective applicants. History The college was founded in 1326 by the university's Chancellor, Richard Badew, and was originally named ''University Hall''. Providing maintenance for only two fellows, it soon hit financial hardship. In 1338, the college was refounded as ''Clare Hall'' by an endowment from Elizabeth de Clare, a granddaughter of Edward I, which provided for twenty fellows and ten students.
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Cambridge University
, mottoeng = Literal: From here, light and sacred draughts. Non literal: From this place, we gain enlightenment and precious knowledge. , established = , other_name = The Chancellor, Masters and Scholars of the University of Cambridge , type = Public research university , endowment = £7.121 billion (including colleges) , budget = £2.308 billion (excluding colleges) , chancellor = The Lord Sainsbury of Turville , vice_chancellor = Anthony Freeling , students = 24,450 (2020) , undergrad = 12,850 (2020) , postgrad = 11,600 (2020) , city = Cambridge , country = England , campus_type = , sporting_affiliations = The Sporting Blue , colours = Cambridge Blue , website = , logo = University of Cambridge log ...
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