Kirjahaku

Testing Monetarism pursues the complex question of the nature of the controversy surrounding monetarist theory and evidence, and the reasons for the persistence of this controversy.The theory of monetarism is examined in its old guise as the Quantity Theory of Money, and subsequent chapters look at the evolution of the theory to its present form in the period since the 1950’s, and Desai weaves together issues of theory with those of econometric evidence. He looks in turn at major predictions of monetarism, critically examining the claims made in the literature in the light of his discussion of the methodology of testing theories and highlights flaws in the empirical data surrounding monetarism.

What makes India a nation? What has held its many disparate societies with their diverse, sometimes conflicting, narratives together for more than sixty years? What has allowed India to sustain its commitment to the democratic process, given its location in a region that is largely undemocratic? In this magisterial analysis of the last five hundred years of Indian history, Meghnad Desai looks at India's colonial past, its struggle for independence and its many contemporary conundrums, to discover answers to the questions that have confronted India-watchers for decades.Meghnad Desai draws on a wealth of sources to illuminate India's journey to the twenty-first century. Whether it is an examination of British parliamentary debates on the question of India's independence, or the liberalization of the economy after decades of licence-permit Raj, or the state's complicity in the Gujarat riots, Meghnad Desai's original, occasionally iconoclastic, approach to seemingly settled arguments makes The Rediscovery of India a ground-breaking and comprehensive account of India's past and present.

Meghnad Desai's work presents a significant challenge to economics as currently practised. This volume brings together a collection of essays on issues in macroeconomics and monetary theory from an unorthodox but rigorous position. Beginning with a series of essays which address the inflation problem using an extension of the Goodwin model, the volume continues with his revisionist interpretation of the Phillips Curve, assessments of monetarism, discussion of the economics of Keynes and Hayek, and an original paper on monetary theory. Later chapters include the author's work on applied econometrics, endogenous and exogenous money, and financial innovation. The volume also includes a substantial autobiographical preface, in which Lord Desai explains how he became an economist and the influences behind the development of his thought, as well as a specific introduction explaining how he came to produce the papers included in this volume.

Meghnad Desai's work presents a significant challenge to economics as currently practised. Poverty, Famine and Economic Development brings together essays which reflect his long-standing interest in economic development. Issues discussed include econometric testing of the disguised unemployment hypothesis, theoretical and applied approaches to famine, poverty in rich as well as poor countries, poverty in Latin America and state involvement in economic development. The volume also includes a discussion of the essay by Lenin which was the basis of the 'New Economic Policy', the first attempt at Market Socialism in the Soviet Union.The volume also includes a substantial autobiographical preface, in which Lord Desai explains how he became an economist and the influences behind the development of his thought, as well as a specific introduction explaining how he came to produce the papers included in this volume.

In this provocative and enthusiastically revisionist book, the distinguished economist Meghnad Desai argues that capitalism's recent efflorescence is something Karl Marx anticipated and indeed would, in a certain sense, have welcomed. Capitalism, as Marx understood it, would only reach its limits when it was no longer capable of progress. Desai argues that globalization, in bringing the possibility of open competition on world markets to producers in the Third World, has proved that capitalism is still capable of moving forwards.Marx's Revenge opens with a consideration of the ideas of Adam Smith and Hegel. It proceeds to look at the nuances in the work of Marx himself, and concludes with a survey of more recent economists who studied capitalism and attempted to unravel its secrets, including Joseph Schumpeter, John Maynard Keynes and Friedrich Hayek.

Recent events around the world have shaken old certainties. Questions are being asked about the survival of the Liberal Order, which has been dominant for over fifty years. The election of Donald Trump and the Brexit vote have alarmed many commentators. Across Europe too there have been developments-the emergence of fringe parties of the left and right in France, Germany, Spain, Italy and Greece-which have disturbed the liberal thought. In India, the arrival of Narendra Modi at the head of the 'Hindu nationalist' Bharatiya Janata Party (BJP) in 2014 had raised fear similar to those in Trump's case. In this perceptive account, Meghnad Desai opens up the debate beyond the West and looks at parallels between Prime Minister Narendra Modi and US President Donald Trump as two outsiders who broke through the barriers to reach the top. He analyses Asia's challenge to Western hegemony and asks if the conventional wisdom about the hegemony of free trade liberalism needs re-examination. He peers into the future to look at the greatest challenge facing the world today: Will the Liberal Order survive, collapse or mutate? Is the world at a cusp? Is history-the old saga of blood, sweat and tears-about to resume its course? Politicshock analyses Trump and Modi and other outsiders who have come to the fore not as freaks but as results of systematic forces-economic, social, political and cultural-who will now shape the critical destiny of the time that we live in.

The Right Honourable Harry White is charismatic and politically savvy. There is only one thing he cannot work up any enthusiasm for, and that's football. But prime ministers don't always have a choice when it comes to the expectations of their electorate, so Harry White cannot but accept the invitation to attend the biggest match of them all.

A Plan of Economic Development for India', aka the Bombay Plan, written in two parts and published in 1944 and 1945, generated widespread interest in India and abroad at the time of its publication. Its authors were none other than J.R.D Tata, G.D Birla, Purushottamdas Thakurdas, Kasturbhai Lalbhai, Ardeshir Dala, Lala Sri Ram, John Mathai and A.D

The Great War at Kurukshetra is over.Eighteen lakh men have died. But the winners are not happy. Yudhishthira andhis brothers are gripped with sorrow over what they have done. Who will bearthe child to continue the Kuru clan? Uttara? Will Asvatthama also destroy thechild that she is carrying? Hastinapuris barren of men of any age. It is the King's dharma to help every virgin inthe kingdom, cross into womanhood. But Yudhishthira fails. There is now adharmic crisis. The young woman, who will bear the child, must be found anotherking for the task before sunrise. Else, the kingdom will suffer even more. Whocan solve the problem? Krishna, who else Or rather he knows such a king who can. It is Maya. But Maya declines to follow the king'sdharma. His refusal plunges the Kuru kingdom, and even Krishna himself, intoanother crisis.Whois Maya? Can Krishna eventually win him over? Mayabharata is a fascinating narration of the post-Mahabharata story, aided bythe deployment of the author's imaginative and creative powers.

A TALE OF DESIRE IN A TIME OF WAR.