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

Articles by Pronab SenSubscribe to Pronab Sen

Growth Theories and Development Strategies-Lessons from Indian Experience

Lessons from Indian Experience Pronab Sen The objective of this study is two-fold: (a) to re-establish the macro-economic foundations of development strategy; and (b) to reiterate and re-emphasise a conventional, and now largely ignored, wisdom

Rupee-Rouble Exchange Rate

Over the last yew years the Indian rupee has been steadily depreciated against the rouble, but there is no publicly available analysis of the effects of this depreciation.

Women in Soviet Central Asia

quick reference for a brief but balanced review of what has been happening in eastern Europe. Notes [Portions of this review are taken from a paper 'Bukharin, Perestroika and Eastern Europe' presented by me at a seminar organised by the Social Scientist on 'History of Socialist Societies and the Implications of Current Reforms1 at New Delhi on March 24-26, 1989.] I Timothy Garton Ash, 'Reform or Revolution', New York Review of Books, October 27, 1988. The third of three articles; the earlier two appeared in NYR of October 13, THE emancipation of women had always been an issue of central concern to Marx and his disciples. The early Marxist literature is replete with references to the exploitation of women and the necessity of ending this exploitation for achieving a truly socialist system. True to their framework of analysis, the early Marxian authors viewed this exploitation as arising from the same set of socio-economic factors as all other forms of exploitation. The causal chain, the theory ran, began from the need to control 'labour power' in a system characterised by the ownership of non-labour means of production. Thus, the emergence of the family and of slavery were not contemporaneous merely by coincidence, but because the two were simply different institutional arrangements for achieving the same end. Later developments in the organisation and modes of production led to more sophisticated means of labour control in the extra-family sphere, but the family continued to remain as the basic mechanism for the exploitation of women.

Growth and Instability of Indian Exports to the USSR

The high degree of variability in our exports to the Soviet Union is widely perceived in both private and governmental circles, as the only dark spot in an otherwise bright trading relationship. However, despite the widespread concern over the instability of Indian exports to the USSR, there have been very few rigorous attempts at quantifying the phenomenon even at an aggregate level This paper seeks to fill this lacuna, provide an indication of the likely sources of export instability and set out some tentative guidelines for the conduct of policy relating to Indo-Soviet trade.

The 1966 Devaluation in India A Reappraisal

Pronab Sen This paper re-examines the 1966 devaluationary episode in India in the light of the new theoretical propositions of the 'structuralist' school. An attempt is made to decompose the observed aggregate changesinto those attributable to the devaluation package and those determined by other concurrent parametric changes. It is found, contrary to popular belief that the Indian devaluation was contractionary in terms of aggregate output and consumption, and that there is little evidence of an inflationary outcome. The paradoxical conclusion is reached that the observed expansion of the economy was primarily because of the unprecedented agricultural failure that occurred during the period.

Effect of Indexation on Savings in Developing Countries

in Developing Countries Pronab Sen The index-linking of all monetary variables in the economy should have the effect of increasing the volume of real savings in it. There are undoubtedly effects which would tend to reduce savings, but there is sufficient evidence that the aggregate effect of all determinants would be positive

Stock Price Level

Pronab Sen The level of stock prices and their movements over time have always been of prime interest to people


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