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Global Economic and Financial Crisis
 CoverMarch 28, 2009 | [EDITORIALS]Which Way Now?The crisis that the world is now reeling under is also an opportunity to overhaul the system. [Abstract] [Full Article] |
[AGENDA FOR THE FUTURE]
Steering Out of the Crisis
Robert WadeThe global financial and economic crisis is of such magnitude that 2008 will probably be looked back upon as a turning point equivalent to 1945, 1971 and 1989 [Abstract] [Full Article]
The Economic Crisis and Contemporary Capitalism
Prabhat PatnaikA democratic agenda for coming out of the recession must have at least five elements: first, the nationalisation of financial institutions in the leading capitalist countries where they have basically become insolvent; second, controls on cross borde [Abstract] [Full Article]
[STRUCTURAL CAUSES]
Understanding the Financial Crisis
Amit BhaduriThis paper attempts to understand the nature of the current financial crisis by identifying the main characteristics of the system that became vulnerable to collapse due to falling asset prices [Abstract] [Full Article]
[REFORMING BANKING AND FINANCE]
The World Crisis: Reforms to Prevent a Recurrence
Arvind Subramanian , John WilliamsonThe current financial crisis started in the financial sector of what was thought of as the country with the most sophisticated financial system, and that has spread almost universally and with startling rapidity by virtue of either financial or trade [Abstract] [Full Article]
Causes, Cures and Myths
Avinash D PersaudOur sights must be set on moderating the recurring cycle of financial crises and our solutions must go beyond the instruments, institutions or individuals of the day [Abstract] [Full Article]
Must Banks Be Publicly Owned?
C P ChandrasekharEven as analysts and policymakers in the United States and Europe are debating whether nationalisation is the best option to deal with the crisis in the banking system, governments have already opted to hold a majority of ordinary shares in the expan [Abstract] [Full Article]
The First Network Crisis of the 21st Century: A Regulatory Post-Mortem
Andrew ShengThe current financial crisis should be viewed as a network crisis, because due to a whole series of deregulation measures, financial reforms and technological and financial innovations, the world has become closely networked into a global market, wit [Abstract] [Full Article]
[THE CRISIS AND INDIA]
India amidst the Global Crisis
Mihir RakshitContrary to popular belief, there were palpable signs of the Indian economy losing steam long before the outbreak of the global crisis [Abstract] [Full Article]
The Impact of the Crisis on the Indian Economy
T T Ram MohanThe effects of the global financial crisis have been more severe than initially forecast. The turning point was the decision in September 2008 to let Lehman Brothers fail, an event that had a series of ruinous cascading effects [Abstract] [Full Article]
The Fate of India Unincorporated
Dilip M NachaneWhile evaluating the Indian policy responses to the global crisis, this article focuses on the likely extent of the spread of the crisis to India and how it will affect the domestic economy [Abstract] [Full Article]
[STRUCTURAL CAUSES]
Profound Structural Flaws in the US Financial System That Helped Cause the Financial Crisis
James CrottyWe are now in the midst of the worst financial crisis since the Great Depression. This crisis is the latest phase of the evolution of financial markets under the radical financial deregulation process that began in the late 1970s [Abstract] [Full Article]
[LEARNING FROM THE PAST]
Anatomy of the Financial Crisis: Between Keynes and Schumpeter
Pulin B NayakIt is instructive to see how the issue of business cycles was looked upon by John Maynard Keynes and Joseph Schumpeter, each of whom wrote masterly tracts on the subject in the 1930s [Abstract] [Full Article]
When the Facts Change: How Can the Financial Crisis Change Minds?
Arjun jayadev , Anush KapadiaThis essay argues that pragmatism as a temporary prop to stabilise the crumbling financial system is distinct from pragmatism as a governing ethic. The emerging common sense worldwide and in India aims to be the latter [Abstract] [Full Article]
[IMPACT ON LABOUR]
A Crisis of Distribution
Ozlem OnaranThis essay examines the consequences of the global economic and financial crisis for income distribution [Abstract] [Full Article]
The World Crisis, Capital and Labour: The 1930s and Today
Dan La BotzAlmost nowhere are the labour movement and the left prepared to respond to the world economic crisis even as the latter deepens [Abstract] [Full Article]
[EDITORIALS]
Maharashtra: Fighting Fatigue
The two main alliances are both fighting fatigue; the Congress-NCP group may be just ahead at the polls. [Abstract] [Full Article]
[COMMENTARY]
Rethinking the Pasmanda Movement
Khalid Anis AnsariThe century-old Pasmanda Movement, which rejects the notion of a monolithic Muslim identity, received a new lease of life in the 1990s with the advent of the Mandal reservations [Abstract] [Full Article]
UGC Proposal: The Academician’s Nightmare
Geetha VenkataramanThe draft University Grants Commission proposals for promotions are guaranteed to encourage mediocrity and penalise high quality intellectual effort as academicians race to collect “points” to climb up the academic ladder. [Abstract] [Full Article]
Featured Themes
A selection of articles from EPW Archives relating to contemporary events and issues.
 | State Assembly Elections in 2003-Analysis of the previous assembly elections held in 2003 in the states, Rajasthan, Chattisgarh, Delhi and Madhya Pradesh. |
| State in Pakistan and transition to democracy-A selection of articles is presented that study the relations between the society, the state, the military and influence of the United States in Pakistan. |
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Topics covered in detail in recent editions of the EPW.
| Local Government in Rural West Bengal |
| State Elections 2007-08 |
| China Since 1978 |
| National Family Health Survey-3 |
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Articles Published in EPW's Review Issues since 2004
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