Full Employment and Development: The Case of Indian Economy

The purpose of this study is to establish the feasibility and desirability of full employment and price stability in India via an Employer of Last resort program. After providing a brief historical background of the precolonial and colonial economy, the development of the Indian political economy since independence is analyzed in order to identify the country’s institutional characteristics and macroeconomic stability. It is shown how the traditional Indian social organization based on the self-sufficient village community system has been dismantled and all forms of social provisioning have undergone destruction in the last few decades by neoliberal policies. The current public employment program with its rights based approach can be instrumental in fostering change with social justice. The empirical content of the thesis is based on the primary field work done in one of the states in the country. Many emerging institutions are working to strengthen this program. A broader view of the public is necessary to envision ‘social security’ as an objective pursued through public action rather than a narrowly defined set of strategies relying exclusively either on market forces, or on some paternalistic initiative of the state.

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Doctoral

Discipline thesis:degree_discipline

Economics (UMKC)

Grantor dc:publisher

University of Missouri–Kansas City

Year dc:date.issued

2014

Author dc:creator

• Das, Shakuntala

Advisor dc:contributor.advisor

• Wray, L. Randall, 1953-

Language dc:language.iso

en_US

Handle dc:identifier.uri

https://hdl.handle.net/10355/52526

OAI identifier oai:identifier

oai:mospace.umsystem.edu:10355/52526