ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Platform Capitalism and Edtech

For-profit edtech needs to be banned, and the government must play an active regulatory role.

 

Financial Fragility in ‘Mature’ Markets

With rising non-financial corporate debt and evidence of elevated borrowing levels among non-bank financial companies, the fragility resulting from excess leverage has returned to haunt developed country financial markets.

​The Social Status of Safety

In the middle of a pandemic, the market has transformed essential goods into status symbols.

Farmer Suicides

Unravelling Farmer Suicides in India: Egoism and Masculinity in Peasant Life by Nilotpal Kumar, New Delhi: Oxford University Press, 2017; pp xv + 309, 995.

 

Should the Google Search Engine Be Answerable To Competition Regulation Authorities?

The thought process of major competition authorities across the globe and their response to Google’s conduct in terms of manipulating its search engine is traced in this article.

Should Financial Stability Be Assigned to Public Policy?

In the light of the experience with the severe financial crises of the 1990s, the responsibility for financial stability has implicitly been assigned to public policy, overturning, in a sense, the dominant paradigm until then of regarding financial development, including stability, as a function best performed by the financial markets. This paper undertakes a critical examination of this assignment, its magnitude and quality, by questioning its analytical underpinnings. The paper examines the search for the appropriate international financial architecture as the virtuous approach to the assignment and concludes that the identification of international standards and codes for adoption by countries may be a suboptimal approach. On the other hand, establishment of an international bankruptcy mechanism holds promise of filling a major gap in the efforts to strengthen the international financial architecture.

Market Scandals and Regulatory Governance

What has happened in Wall Street over the past 18 months raises several issues of regulatory governance which are immensely relevant for countries such as India that have embarked on reform of their financial and capital markets. There is deep concern that the regulating agencies are not adequately equipped and capable of discharging their primary responsibility of preserving the integrity of the market processes.

Thinking through Emerging Markets

While political mobilisation involves the championing of narratives to unite groups and individuals in particular ways, markets too use modes of address and rhetoric that may complicate these larger narratives. In their attempts to reach the rural hinterland, businesses seek not merely to establish a brand, but also its significance for consumers. They need then to ask questions like - What kind of political performatives might consumer goods make possible What cultural identities are reinforced in the process of market extension? It is to meet this increasing competition that businesses have also resorted to 'Hindu' symbols as a way to reach new consumers.

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