by Pranab Bardhan All of the articles in this series can be found here. Presidency College had a good Department of Economics and Political Science. I’d say that the teaching standard at my time there would compare quite favorably with the standard I found later when teaching undergraduate classes in Berkeley. I remember in my…

by Pranab Bardhan All of the articles in this series can be found here. Sachin Chaudhuri, who lived in Bombay, came to know, I think from Binod Chaudhuri, about my teenage forays into writing political pieces, and he asked me to share them with him, and sent back detailed (handwritten) comments on them. A little…

by Pranab Bardhan All of the articles in this series can be found here. Even though I arrived at Economics with the aim of interpreting history, it soon gave me a more general perspective. First, it showed me the value of precision and empirical testing in thinking about socially important issues. This immediately appealed to…

by Pranab Bardhan All of the articles in this series can be found here. In spite of my abiding interest in literature when I came to college I was vaguely inclined to major in History. In the long break between school and college I chanced upon two books of Marxist history which opened me to…

by Pranab Bardhan All of the articles in this series can be found here. One remarkable redeeming feature of my dingy neighborhood in Kolkata was that within half a mile or so there was my historically distinctive school, and across the street from there was Presidency College, one of the very best undergraduate colleges in…

by Pranab Bardhan All of the articles in this series can be found here. The gully cricket I played in my neighborhood also had a tournament, where different neighborhoods of north Kolkata competed. I once played in such a tournament which was being held in the far north of the city, some distance from my…

by Pranab Bardhan All of the articles in this series can be found here. In my Kolkata neighborhood there was one kind of collective action that was unusually successful–this related to religious festivals. Every autumn there was a tremendous collective mobilization of neighborhood resources and youthful energy in organizing the local pujas for one deity…

by Pranab Bardhan All of the articles in this series can be found here. By the time I started regular school my father’s home-schooling had prepared me enough to sail through the various half-yearly and annual examinations relatively easily. Indian exams, certainly then and to a large extent even now, do not test your talent…

by Pranab Bardhan All of the articles in this series can be found here. Santiniketan in my childhood used to attract a lot of foreign scholars, artists and students, which was a boon to a young stamp-collector like me. Every day the sorting at the small post office was completed by mid-morning and many of…

by Pranab Bardhan All of the articles in this series can be found here. In long plane journeys I do not sleep well. But some years back in one such journey I was tired and fell fast asleep. When I woke up, I saw a little note on my lap. It was from the captain…

by Pranab Bardhan Some decades back the typical voting pattern in many democracies used to be that the rich and upper middle classes used to vote in general for right-leaning parties, while the relatively poor voted for left-leaning parties. But in recent decades this pattern has been shifting: many of the professional or more educated…

by Pranab Bardhan Many decades back when I was teaching at MIT, a senior colleague of mine, Paul Rosenstein-Rodan, a famous development economist, asked me at the beginning of our many long conversations what my politics was like. I said “Left of center, though many Americans may consider it too far left while several of…

by Pranab Bardhan In my earlier column, “Prospects of Social Democracy in a Post-Pandemic World” I did not have the time or space to discuss some systemic issues, like the fraught link of social democracy to the capitalist mode of production. Different people mean different things when they talk of social democracy and its somewhat…

by Pranab Bardhan Many social commentators in the claustrophobic gloom of their self-isolation have shown a tendency to write in somewhat feverish apocalyptic terms about the near future. Some of them expect the pre-existing dysfunctionalities of social and political institutions to accelerate in the post-pandemic world and anticipate our going down a vicious spiral. Others…

by Pranab Bardhan In coping with the dire economic crisis in the wake of the pandemic many developing countries have resorted to cash assistance to the poor for immediate relief. Beyond the relief aspect, many macro-economists have also pointed to the need for such programs to boost mass consumer demand in a period of one…

by Pranab Bardhan In contrast with other genres in literature, in crime fiction, which mainly started in the mid-19th century, women writers (and even women sleuths) became active around the same time as male writers and sleuths in their stories. By some accounts around the middle of 1860’s, both the first modern detective novels (by…

by Pranab Bardhan Many find fault with liberal democracy because it exacerbates inequality, particularly when wedded to unbridled capitalism. But inequality has been rampant in authoritarian countries as well, with or without capitalism. Many non-capitalist countries in actual history have been friendly neither to liberty nor equality, never mind the soaring rhetoric, whereas some liberal…

by Pranab Bardhan As a development economist I am celebrating, along with my co-professionals, the award of the Nobel Prize this year to three of our best development economists, Abhijit Banerjee, Esther Duflo and Michael  Kremer. Even though the brilliance of these three economists has illuminated a whole range of subjects in our discipline, invariably,…

by Pranab Bardhan Einstein had called nationalism ‘an infantile disease, the measles of mankind’. Many contemporary cosmopolitan liberals are similarly skeptical, contemptuous or dismissive, as its current epidemic rages all around the world particularly in the form of right-wing extremist or populist movements. While I understand the liberal attitude, I think it’ll be irresponsible of…

by Pranab Bardhan There is widespread concern about increasing or high economic inequality in many countries, both rich and poor. At a global level, according to the World Inequality Report 2018, the richest 1% in the world reaped 27% of the growth in world income between 1980 and 2016, while bottom 50% of the population…