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A recent Oxfam International report on income inequality caught everyone’s attention. What made headlines in various news outlets in India is a small piece of a very big report. Flashes such as “Income inequality is worsening; Richest 1% in India invest 73% of the country’s wealth, Oxfam says»Designed to scare people and increase the number …

Adam Smith, Karl Marx, John Maynard Keynes, please make way. The current debate in the 21st century among economists is not about growth, capital accumulation or business cycles. Current economic theory emphasizes increasing inequality in the world. French economist Thomas Piketty burst into the world of economic theory in 2014 with his magnum opus, Capital …

In these times, the process of achieving a higher persistent rate of economic growth is seen as the ultimate means of achieving prosperity for all. Economists and policymakers recklessly use the word “inclusive growth” to define the goals and rationale for each policy and reform measure. It therefore becomes relevant to explore the underlying neoliberal …