SelectedWorks - Deepankar Basu

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Selected Works of Deepankar Basu

Professor, Department of Economics, University of Massachusetts Amherst

Deepankar Basu specializes in applied econometrics with a focus on Marxian political economy, and economic development.

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About Deepankar Basu

Deepankar Basu specializes in applied econometrics with a focus on Marxian political economy, and economic development.

Present	Professor, Department of Economics, College of Social and Behavioral Sciences, University of Massachusetts Amherst
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Economics

Political economy, Applied econometrics, and Development economics

Web Site

310 Crotty Hall, 412 N Pleasant Street

University of Massachusetts Amherst

Amherst, MA 01003

Tel: 413-545-6359

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Technical Change, Constant Rate of Exploitation and the Falling Rate ...

Metroeconomica (2023)

Deepankar Basu and Oscar Orellana

Can cost-reducing technical change lead to a fall in the long run rate of profit if class struggle manages to ...

Exploitation of Labor or Exploitation of Commodities?

Review of Radical Political Economics (2023)

Attempts to use commodities to construct theories of value and use such value theory to claim that, in capitalism, commodities ...

A Reformulated Version of Marx’s Theory of Ground-Rent Shows ...

Review of Radical Political Economics (2022)

This article develops a simple theoretical model to analyze Marx’s theory of ground rent. Using the model, I demonstrate two ...

World Profit Rates, 1960–2019

Review of Political Economy (2022)

Deepankar Basu, Julio Huato, Jesus Lara Juaregui and Evan Wasner

In this paper we present estimates of the world (net) profit rate using country-level data from the Extended Penn World ...

What to Make of the Kaldor-Verdoorn Law?

Cambridge Journal of Economcis (2021)

Deepankar Basu and Manya Budhiraja

The Kaldor-Verdoorn law refers to a positive but less than one-for-one causal relationship between the growth rates of output and ...

The Logic of Capital: An Introduction to Marxist Economics

Contribution to Book

Reproduction and Crisis in Capitalist Economies

The Oxford Handbook of Karl Marx (2019)

An economic crisis in capitalism is a deep and prolonged interruption of the economy-wide circuit of capital. Crises emerge from ...

Stagnation and Institutional Structures

Review of Radical Political Economics (2018)

David M Kotz and Deepankar Basu

The stagnation in the US economy since 2008 has given rise to a mainstream stagnation literature. This paper offers a ...

QUANTITATIVE EMPIRICAL RESEARCH IN MARXIST POLITICAL ECONOMY: A SELECTIVE REVIEW

Journal of Economic Surveys (2017)

This paper surveys quantitative empirical research in some key areas of Marxist political economy. Following an introductory section on the ...

Profitability in India’s Organized Manufacturing Sector: The Role of ...

Cambridge Journal of Economic (2017)

Deepankar Basu and Debarshi Das

Using aggregate data from the Annual Survey of Industries, we analyze profitability in India’s organized manufacturing sector from 1982–83 to ...

Profitability and Investment: Evidence from India's Organized Manufacturing Sector

Metroeconomica (2016)

Deepankar Basu and Debarshi Das

Using a state-industry panel data set of 55 industries for 19 major Indian states over the period 1983–84 to 2007–08, ...

Underconsumption, capitalist investment and crisis: A reply to Sardoni

Review of Keynesian Economics (2016)

Sardoni (2015) presents an underconsumptionist reading of Marx's crisis theory and argues for developing a theory of capitalist investment by ...

Marx's Critique of Political Economy

Ecoonomic and Political Weekly (2015)

This article is a critical review of Michael Heinrich's book, "An Introduction to the Three Volumes of Karl Marx's Capital", ...

Comparative Growth Dynamics in a Discretetime Marxian Circuit of Capital ...

Review of Radical Economics (2014)

In this paper, a discrete-time version of the Marxian circuit of capital model in Foley (1982, 1986a) is used to ...

Class Struggle and Economic Fluctuations: VAR Analysis of the post-War ...

International Review of Applied Economics (2013)

Deepankar Basu, Ying Chen and Jong-seok Oh

Building on Marx’s insights in Chapter 25, Volume I of Capital, an augmented version of the cyclical profit squeeze (CPS) ...

Replacement versus historical cost profit rates: What is the difference ...

Metroeconomica (2013)

This paper explains the Bureau of Economic Analysis methodology for computing historical cost and replacement cost measures of the net ...

The Reserve Army of Labour in the Postwar U.S ...

Science & Society (2013)

The reserve army of labour is a structural necessity of capitalism. By constantly keeping a part of the labour force ...

Is There a Tendency for the Rate of Profit to ...

Review of Radical Political Economics (2013)

Deepankar Basu and Panayiotis T. Manolakos

The law of the tendential fall in the rate of profit has been at the center of theoretical and empirical ...

Dynamics of Output and Employment in the U.S. Economy

Cambridge Journal of Economics (2013)

Deepankar Basu and Duncan K Foley

This article investigates the changing relationship between employment and real output in the US economy from 1948 to 2010 at ...

Technology, distribution and the rate of profit in the U ...

Cambridge Journal of Economics (2013)

Deepankar Basu and Ramaa Vasudevan

This paper offers a synoptic account of the state of the debate among Marxist scholars regarding the current structural crisis ...

Relations of Production and Modes of Surplus Extraction in India ...

Economic and Political Weekly (2011)

Amit Basole and Deepankar Basu

This paper uses aggregate-level data, as well as case-studies, to trace the evolution of some key structural features of the ...

Marx-biased Technical Change and the Neoclassical View of Income Distribution

Metroeconomica (2010)

This paper empirically tests two competing views about capital–labour substitution at the aggregate level in capitalist economies: the classical model ...

Majoritarian politics and hate crimes against religious minorities: Evidence from ...

World Development (2021)

Did the unprecedented victory of the right-wing, Hindu nationalist Bharatiya Janata Party (BJP) in the 2014 national elections in India ...

Profitability or Industrial Relations: What Explains Manufacturing Performance across Indian ...

Development and Change (2020)

Anrban Karak and Deepankar Basu

This article begins with a critique of the well-known claim by Besley and Burgess concerning the negative impact of labour ...

Farmer Suicides in India: Trends across Major States, 1995–2011

Economic and Political Weekly (2016)

In an effort to understand the trends of farmer suicides, this article uses data from the National Crime Records Bureau ...