Amartya Sen

Amartya Sen requires no introduction to an Indian audience. Economist, philosopher, author, educationist, Public Intellectual Extraordinaire—call him what you will—he has loomed large. All of us have read his writings, be they profound academic contributions or more popular essays and pieces for general readership. The book being reviewed here, Home in the World: A Memoir, is a book with a difference. It is a memoir more than an autobiography. It starts, like it should, at the very beginning, when Sen was yet to be three and was on his way to Burma on a ship which hooted rather often, but then seems to stop, rather suddenly in 1963, just when Sen, not yet thirty, joins the Delhi School of Economics to occupy the chair being vacated by VKRV Rao…


Reviewed by: TCA Ranganathan
Arun Kumar

The book under review suggests ways out of what is possibly one of the worst crises of the 21st century. The author compares the situation to a war and also finds similarities with the 2007-08 economic crisis. He attempts to address the fallout of the pandemic, its historical context and puts forward the emerging challenges and potential solutions.The book begins with the science behind viruses and gives a historical background to pandemics. This part is very well covered and readers will find it very informative. The later chapters delve into the government’s response. The author critically evaluates the measures undertaken by governments and their prognosis of the situation…


Reviewed by: Sunil Ashra
Ankush Agrawal and Vikas Kumar

The poor quality of official statistics is the basis for many criticisms of the Government these days. Whether it is the handling of the COVID pandemic, the state of the economy, or the quality of life of people in society, a common refrain of all critics is that of the poor and declining quality of Government data. Ironically, this situation has come about in large measure because of the success of official statisticians in persuading policy makers, commentators, and civil society activists to use data and empirical arguments in their discussions…


Reviewed by: TCA Anant
Ashok Kumar

The book under review, Monopsony Capitalism: Power and Production in the Twilight of the Sweatshop Age, could bear the title of the review of the book as it is reminiscent of the regime of accumulation described in the classic Monopoly Capital by Paul Baran and Paul Sweezy, and recalled by Ashok Kumar on page 50. In footnote 27 on the page, the author advises, similar to the illustrious duo, that ‘“monopsony capital’’ is intended more as an analytical device rather than a quantitative measure.’ Monopoly is one seller confronting many buyers.  Monopsony is a few buyers confronting many sellers. Both are analytical devices…


Reviewed by: Romar Correa
Kshitija Joshi

Venture capital, though not new in India, has expanded in the last decade; India has created over a 100 unicorns with a combined market capitalization of $240 billion. This enormous wealth creation has spurred a growing investor appetite for start-ups. More than $60 billion has been invested in Indian start-ups over the past five years, with around $12 billion in 2020 alone. The most astounding example is the resounding success of the food delivery app, Zomato, which after registering a robust listing day gain of 66% continues to scale new highs every day despite not making a single rupee by way of profits…


Reviewed by: N R Bhusnurmath
Hari Ram Prajapati

Small land holdings, coupled with low productivity and high volatility of agricultural yields, and farmers’ income are the concerns of Indian agriculture today. These concerns need to be addressed by raising agricultural productivity and lowering market, production and climatic risks. Substantially increasing farmers’ income and making it stable are the pre-requisites for the viability of the sector. Adoption of organic farming can be financially rewarding and environmentally sound. The book Organic Farming: Economics, Policy and Practices by Hari Ram Prajapati is an attempt to describe the economics and status of organic farming and related government policies in the country…


Reviewed by: Surender Kumar