Jayadev is Professor of Economics at Azim Premji University. He works on issues of Macroeconomics, Finance and Distribution. His research has appeared in several leading journals as well as in popular outlets. He is also a consultant to the Institute for New Economic Thinking where he is deputy director of the Political Economy of Distribution Program and helps oversee the partnership between Azim Premji University and INET.
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Axel Leijonhufvud showed economists a promising path forward. They should have taken it.
We have developed over a number of years and now make publicly available a new and unprecedented data resource for understanding levels of living, poverty, inequality and inclusivity of growth and development around the world.
Economics is very theoretically comfortable with what may be termed `Keynesian’ waste.