by Pranab Bardhan
All of the articles in this series can be found here.
The interest of both Masahiko Aoki and Gérard Roland in institutional economics easily shaded into comparative analysis of economic systems, including different varieties of capitalism and socialism. Since my student days I have been acutely interested in comparative systems and their political economy. In this context like Aoki and Roland I have closely followed developments in China. When I was growing up in Kolkata the leftists around me used to say that the Chinese were better socialists than us, now in the last three decades I have heard in all quarters that the Chinese are better capitalists than us. To reconcile the two I sometimes tell people that if the Chinese are better capitalists now this is partly because they were better socialists then. This is not an entirely flippant comment. By the end of the Mao regime in middle 1970’s, before Deng Xiaoping’s economic reforms started, Chinese performance indicators in basic health, education and rural electrification showed levels unattained by India even by two decades later. This gave China a head start in providing the basis of capitalist industrialization.
The two largest countries of the world with ancient agrarian civilizations, with many centuries of dominance in the world economy in the past (up to about 1800) and with impressive economic growth achievements in recent decades though with different political and economic systems, draw obvious comparison, but since 1990 the Chinese economic performance has been far superior. My first piece of comparative study of Chinese and Indian agriculture came out in the Journal of Asian Studies in 1970. Fifty years later, I was still at it, with my piece on a comparison of the economic governance systems of the two countries coming out in China Economic Review in 2020. Meanwhile in 2011 I published a book titled Awakening Giants, Feet of Clay: Assessing the Economic Rise of China and India. One abiding theme in my recent work has been that China-India comparison is not a simple matter of authoritarianism vs. democracy. While there are some undoubtedly positive features of the Chinese governance system, authoritarianism is neither necessary nor sufficient for those features. On the other hand, there are some ugly features of the Chinese system that are inherent in authoritarianism. Read more »


Early in the story of 
You’ve heard the story before. The poet Orpheus, celebrated for the enchanting quality of his voice, is grieving the sudden death of his young wife Eurydice. In his despair he resolves to harrow the Underworld, where he so impresses the god Hades with his singing that he is permitted to retrieve the shade of his bride and return with her, newly embodied, into the light—on one condition: that he not look back at Eurydice until they have attained the realm of the living. All is proceeding according to plan, and the pair have nearly made it to the world above, when Orpheus, overcome by the suspicion that he has been swindled, turns to assure himself that his silent wife is still following him—only to see her flee away, this time forever, back into the shadows.
Małgorzata Mirga-Tas. Out of Egypt. 2021
Death was already about me. I’d recently written two death songs. Not mournful, but peaceful and welcoming. No reason. They just seeped out of me. Then came the Covid infection. It must’ve found me in upstate New York while vacationing with friends.







Every hour of every day I hear the pulsating rush of le Periph and I am reminded that Paris is dead. My dorm is at the very bottom of Paris such that if the city were a ball I’d be the spot that hits the ground. I sit in my windowsill. I watch cars drive on the highway in an unending flow, like blood in veins, fish in streams, but they’re all metal idols of life. Life does not go this fast. Life stops to take a rest.
Sughra Raza. Color Burst, Costa Rica 2003.