Mainstream Weekly

A New Dimension of Employment

Vinod K Anand — 2010-07-22T12:16:06Z

Employment has many connotations. This write-up focuses on one new connotation. Before we do that let us briefly see what employment means and how it is measured.
Employment cannot simply be defined as the number of people with jobs. Such a wide definition would also include children are who are too young to work and all those who choose to take up paid employment. In fact, employment refers to all those people who are willing and able to work, and are in a position to find work. (…)

- 2010

Labour Absorption: A Unique Strength of the Informal Sector in India

Vinod K Anand — 2009-06-06T16:25:21Z

The end objective of a nation, notwithstanding its economic, political, and social scenarios and the accompanying constraints, is the “well-being” of its people. The multi-faceted connotation of “well-being” is captured by what is termed in Economics as development with its focus both on growth and distribution, and also their interlinks. The important issue is whether the link runs from growth to distribution or the other way round. Since the 1950s much of the focus has been on the link (…)

- June 2009

Political Entrepreneurs and the resulting Vicious Circle of Rent-seeking

Vinod K Anand — 2007-07-21T12:58:00Z

The inclusion of the role of the “State” in the conventional framework of Economics brings us to the domains of what is termed as the New Political Economy (Anand, 1996), the positive side of which very clearly defines the role of the State in terms of rent seeking activities and directly unproductive profit-seeking activities (Bagchi, 1993; Bhagwati, 1982; Buchanan, 1980; Moohammad et el, 1984) These activities, in fact, survive on their own and work against the smooth and economically (…)

- July 21, 2007