Tag: Keynes

• June 2, 2020

  The Covid Paradox — Keynes turned around

  The Indian economy, which was facing demand deficiency and slowdown prior to theCovid-19 outbreak, plunged further with the lockdown. The present exercise represents the current problem as a typical demand constrained Keynesian equilibrium, afflicted further by demand and supply failures generated by transaction costs. The resulting scenario resembles a “supply constrained” Keynesian equilibrium.
• December 30, 2015

  Investigating Investment

    Published in The Telegraph, Kolkata on 30 December, 2015. Listening to the acrimonious debates surrounding West Bengal’s inability to attract high profile investments, an economist ought to ask two important questions; ques-tions which might even appear to contradict one another. First, why are investors reluctant, if they indeed are, to invest in the state?…