Meghnad Desai responds to the article by Thomas Mayer and Patrick Minford, ‘Monetarism: A Retrospective’ that appeared in World Economics, Vol. 5, No. 2 (April–June), 2004, pp. 147–185.

This paper presents a method for specifying and measuring poverty d efined as relative deprivation. The authors base their measure of an individual's poverty on the distance between his/her consumption experience and the social norm. Consumption experience is defined in terms of events, and the...

This collection of Meghnad Desai's essays are a treatise on the poltical economy of South Asia in generalm and of India in particulr, in the last thirty five years. They venture into political history and engage in issues of policy. All these articles are in response to the issues that have been...