Excelsior Correspondent
JAMMU, Feb 13: Department of Economics, Central University of Jammu, organised a lecture on `Challenges for Economic Theory and Policy in the 21st Century’ under the aegis of `Eminent Lecture Series’.
The eminent speaker was Prof Pritam Singh, Visiting Scholar, Wolfson College, University of Oxford and Professor Emeritus, Oxford Brookes Business School, UK. He was introduced by Prof Sunil Dhar, HoD Economics.
Prof Pritam is an eminent economist with a Doctorate from the University of Oxford and has been awarded the Edward Boyle/ Charles Wallace Scholarship. His areas of interest include Development Economics, Environmental Economics, Comparative Economic Systems and Competing Economic Paradigms. He has received critical acclaim for path breaking research in his book `Federalism, Nationalism and Development: India and the Punjab Economy’.
In his lecture, Prof Pritam Singh gave a comprehensive overview of economic theory and its impact on society from classical political economy to the era of neo-liberalism, dwelling on periods of economic crisis in world history. He explained the dynamics of the market and its failure, making space for new theories and policies. Prof Pritam talked about various challenges viz current global economic and environmental crisis, economic stagnation, massive inequalities, declining demand, misutilisation and under-utilisation of resources, global heating and bio-diversity loss, gender bias in society, gender discrimination, poverty, unemployment etc. He also mentioned some special Indian economic problems like economic policy paralysis, control over data and institutional autonomy, lack of environmental policy etc.
Prof Ashok Aima, Vice Chancellor, CUJ, appreciated the efforts of the Department of Economics for organising a lecture on such a relevant issue and thanked Prof Pritam Singh for his visit to CUJ.
Dr Shaveta Kohli, Assistant Professor, Department of Economics, co-ordinated the event. A formal vote of thanks was presented by Anil Kumar Bharti from the Department of Economics.
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