Economics

University of Calcutta (informally known as Calcutta University or CU) is a collegiate public state university located in Kolkata, West Bengal, India.&nbsp;Within India it is recognized as a &quot;Five-Star University&quot; and accredited &quot;A&quot; Grade by National Assessment and Accreditation Council.

&nbsp;

The University of Calcutta has secured the Fifth position among the Universities of India in the prestigious &quot;Indian University Ranking 2019&quot; list, released by the NIRF of the Ministry of Human Resource Development, Government of India.

&nbsp;

It was established on 24 January 1857, and was one of the first institutions in Asia to be established as a multidisciplinary and Western-style university. Its alumni and faculty include several heads of state, heads of government, social reformers, prominent artists, only academy award winner and Dirac medal winner in India, many Fellows of the Royal Society and five Nobel laureates as of 2019 which is highest in South Asia.

University Of Calcutta

World University root node

Global Competitiveness: Business Transformation in the Digital Era

Boosting global competitiveness in Indonesia: Is Industry 4.0 the answer?

What happens when a thinker and practitioner of transformative politics claim to be imagining and doing socialism from a perspective drawn from the resources in the East?We show how Gandhi seeks to shape an Indianized version of non-violent socialism consistent with what is claimed to be Marx's basic principle of communism: “To each according to his need, from each according to his capacity.” His framework challenges any claim to violence as a necessary condition for the praxis of socialism. He seeks to end capitalismwithout putting an end to the ‘capitalist subject.' This dialogue of Gandhi with Marx's Capital on socialism gathers further steam when we unpack the former's conceptual contour that underpins non-violent socialism-labor, capital, capitalist, capitalism, property, industrialization-in order to set up its encounter with the fundamental point of Marx's critique of political economy foregrounded in his book Capital-modes of surplus labor appropriation and its specific form in (capitalist) exploitation. Our analysis reveals that, when made to confront surplus and exploitation, Gandhi's insistence on a non-violent relationship with the ‘capitalist subject' even as capitalism is supposed to be withering away is inconsistent in terms of his own framework. Likewise, any asserted Marxian claim of socialism as necessarily epitomizing material development and abundance and which is to be arrived at through class violence is rendered problematical by Gandhi. These insights then open up the possibility of further exchanges about post-capitalist futurities.

"Capital" in the East: Reflections on Marx

Non-violent socialism: Marx and Gandhi in dialogue

We seek to analyze the changing rationale and character of Indian state in the backdrop of the post-planning Indian economic transition. It is held that the Indian economy has transited into the triad of neoliberalism, global capitalism and inclusive development. It is argued that the India state was both a creator of this triad and also the site of the combined effects of these nodes that pull and push it into contradictory directions. In enacting these multiple roles, the Indian state is characterized by both benevolent and violent side of its existence in one turn. Its violent side is captured in terms of primitive accumulation and state of exception while the benevolent character through the social programs for the needy and in facilitating the process of nation building by way of creating human capital for capitalist-induced growth. The changing character and roles of Indian state in turn suggest a foundational displacement in the rationale of its existence, a shift that is to be identified not merely in terms of what it says but in what it actually practices. In this context, that the Indian state governs for the good of society and not for itself is identified as one of the major changes in its rationale.

Dynamics of Asian Development

An examination of indian state in the post-planning period

Research Methodology for Social Sciences

Diversity in economics: An examination and defence of heterodox approach

This paper is aimed at theoretically examining the consequence of the anti-immigration policy adopted in the destination country on the skilled-unskilled wage inequality in a source nation using a couple of two-sector, specific-factor general equilibrium models in both the presence and absence of unemployment. Emigration requires incurring some capital cost for professional skill formation on the part of every prospective emigrant that adds to the opportunity cost of emigration. The authority of the destination country determines the number of visas to be granted and hence directly controls the magnitude of skilled emigration from the source country. In the migration equilibrium, the expected skilled wage income abroad is equal to the opportunity cost of emigration. In both the presence and absence of unemployment of unskilled labor, the outcome of the policy on the wage inequality crucially hinges on both the magnitude of the fixed cost of emigration and the technological factors. In the specific-factor Harris-Todaro model, the degree of imperfection in the unskilled labor market is an additional factor. Finally, some policy recommendations have been made for protecting the interest of the poor unskilled workforce.

Economics and Politics

Anti-immigration policy in the destination country and skilled-unskilled wage inequality in a source economy with or without unemployment

Indian Economic Review

Gender-based wage inequality and economic liberalism in the presence of endogenous supply of female labour

Ultramicroscopy

Stimulated electron energy loss and gain in an electron microscope without a pulsed electron gun

Econometrics in Theory and Practice

Stationary Time Series

Vertical fiscal imbalance (VFI) is defined as the share of sub-national governments’ own spending not financed through own revenues. Theoretical and empirical literatures on VFIs have identified them as an obstacle to sub-national accountability and good fiscal performance. India is a decentralized economy where a marked distinction is made between the spending and revenue responsibilities between the Centre and states. However, spending decentralization has not always complemented revenue devolution, giving rise to huge VFIs in the states. This paper attempts empirically to examine the relation between VFI and fiscal performance for Indian states. It provides stylized facts on size, financing and long-run trend of VFI for 24 major Indian states. Panel data estimation for all those states, covering the period 1995-96 to 2014-15, reveals that on an average the primary deficit of the state governments decline by 15 percentage point of Net State Domestic Product (NSDP) for each percentage point decline in VFI. © Springer Nature Singapore Pte Ltd. 2019, corrected publication 2019.

Opportunities and Challenges in Development: Essays for Sarmila Banerjee

Vertical fiscal imbalances and its impact on fiscal performance: A case for indian states

Migration and Development

Economic reform, uneven regional development and internal migration in India