Karl Marx when discussing economic inequality and the socialist criticism of the free market system (capitalism) implying the perceived inevitability called the “Law of increasing Poverty”. Germany’s manufacturing sector is twice the size of Britain’s 23 per cent of national GDP, compared with 11 per cent according to World Bank. Germany has been thriving as…
A Biography of Karl Marx one of the greatest thinkers of 19th-century rendering him more relevant than ever. A World to Win follows Marx through childhood and student days, his enduring friendship and intellectual partnership with Friedrich Engels, and Marx’s influences and explains his political and intellectual interventions and builds on the legacy of his thought,…
India one of the most divided nations on the planet aspiring to become the next superpower. James Crabtree reveals the titans of politics and industry-shaping India in a period of rapid change – from controversial Prime Minister Narendra Modi to the leading lights of the country’s burgeoning billionaire class. India is the world’s largest democracy, with…
Zimbabwean-born ex- Goldman Sachs economist, and a free market polemicist, Dambisa Moyo’s Edge of Chaos, reveals the economic failings of the west, as the advanced industrial economies are suffering from weak growth because their leaders so far have failed to take tough long-term policy decisions. “Liberal democratic capitalism has become weak, corrupt and oblivious to…
Mariana Mazzucato, the author, a professor at University College, London, in her latest challenging book reveals who creates value, who extracts value and who destroys value and explains the need to change course in the wake of soaring inequality and declining growth. According to Mazzucato we need to re-think relationships between governments and markets, make…
The Indian economy has boosted as it grew more than 7 per cent on an annualised basis in the final quarter overtaking China. Data released yesterday show the economy grew at an annual rate of 7.2 per cent in the final quarter of last year, continuing its bounce back from a sharp slowdown in…
Economics for the Common Good is a response to the crisis of the economics profession, whose credibility was badly damaged by the financial crisis of 2008. Frenchman Jean Tirole, who in 2014 won the Nobel Memorial Prize in Economic Sciences, has spent years at the Massachusetts Institute of Technology before building a strong economics community…
The Indian economy will grow at 7.5 per cent in the current fiscal, as the growth rate will accelerate to 8 per cent in four years according to US rating agency Moody’s. They said “We expect marginally faster growth in India. According to our forecast economy will grow 7.5 per cent in the fiscal year…
India’s economic resurgence is the focus point by Vijay Joshi, an emeritus fellow of Merton College, and Indian economist who has spent most of his professional life in the Oxford University gives revealing account of the past and present Indian economic development, as he casts a bright future on the prospects ahead. In his…
India to overtake Germany by 2022 as the world’s fourth-largest economy and push Britain out of the top five based on growth projections by the International Monetary Fund. On the way of course there may several challenges, which include executing a wide-ranging overhaul of the present tax system, sorting out the distressed assets among major…