Welcome to Vichara website
VICHARA - Since 1987
Last Updated on Sunday, 01 November 2009 14:56
Vichara is an ecumenical collective of academics and activists deeply engaged in systematic studies and research on socio-political and economic topics & issues and ethical subjects, in capability building training programmes, and also in theological searches and reflections.
The name ‘Vichara’ is derived from the Malayalam word, ‘Vicharam’, the root of which is Sanskrit, means two things: 1. Deep reflection 2. Profound concern for others.
Address for contact:
Prof. Mammen Varkey
Director, Vichara, Mavelikara,
Kerala, India - 690 101
Phone : 0091 479 2300096 / 2304355
Mobile Phone: 0091 9446916374 / 0091 9446117221
Email:
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Global Economic Crisis: End of Growth Paradigms?
Last Updated on Monday, 09 November 2009 01:55
GLOBAL ECONOMIC CRISIS: END OF GROWTH PARADIGMS?
(Authors: John M.Itty, P. J. Philip & V. Mathew Kurian)
In this book, the authors analyse the whole process of capitalist economic growth and its rationale and they come to the conclusion that the paradigm of growth, with primacy given to capital and its accumulation and the consequent subjugation of human creativity and plunder of natural resources, is at the centre of this crisis and in fact of all earlier crises. Keynes identified fall in ‘effective demand’ as the reason behind recession and depression. However, the present recession broke out at a time when the level of demand was at its peak in the US and Europe.
By examining the growth theories and neoliberal development process, this book attempts to explore the real reason behind the latest recession. The book, identifies dissociation of ethics from economics as the root cause of economic crises, it critically examines the linear growth theories and the inadequacy of the measures being implemented to rescue the economy and throws light on the need to adopt a new growth paradigm to prevent frequent recessions.
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