Political Economy
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To allow the market mechanism to be sole director of the fate of human beings and their natural environment indeed, even of the amount and use of purchasing power, would result in the demolition of society. For the alleged commodity ‘‘labor power’’ cannot be shoved about, used indiscriminately, or even left unused, without affecting also
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The Sustainable Development Policy Institute (SDPI), an Islamabad based think-tank, has “suggested forming an economic council under NSC comprising the government, leaders of the opposition in the Parliament (National Assembly and Senate), all four chief ministers and the representatives from top military brass.” This may sound like a harmless proposal. After all, what Pakistani could
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Politics in Pakistan has achieved something truly special. While economics and its practitioners have been taking a continuous beating the world over since the the Great Financial Crisis of 2007-08, Pakistani politics and its most prominent public faces have dragged themselves through so much mud that nobody wants anything to do with them. Politics is
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Conflicting claims: the relationship between political instability and the economy Many people are worried about how political instability is creating an inconducive environment for the Pakistani economy. Khaleeq Kiani writes in Dawn that “The prime minister has not been able to hold a meeting of the federal cabinet for almost a month against the normal
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I had written the following letter to the Financial Times in the summer of 2018 prior to the general elections in Pakistan. The FT didn’t publish it. I’m posting it here now. I think I got at least some things right. Some of my observations are still relevant today in light of recent developments, such
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I had penned the following on Saturday, January 22, 2022. The day after, the prime minister began a surreal broadcast by complaining about not being able to speak in parliament. The recently published National Security Policy of Pakistan (along with its summary) pretends to be technical and apolitical in claiming to put economic resources and their re-distribution at
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Capitalism is on trial — again. Critics of capitalism have at least in part been vindicated. Governments have their work cut out for them at this time of crisis. How governments and policy makers frame their work will be of crucial importance. They will now have to make the case for capitalism even as the
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Read here at the Developing Economics blog.
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Letter in FT: read here.
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Letter in FT: read here.
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I recently read this article in the Financial Times on central bankers, and wrote this letter to the editor as a response.
Daniyal Khan 