Beginning of a one-week workshop on “Discourses in Political Economy” at IUST


Awantipora, 07 February: With the aim of informing a wider audience and formulating policy recommendations for effective decision-making at regional and national levels, as well as familiarizing participants with the importance of political economy research, an online workshop d he week on “Recent Discourse in Political Economy” organized by the Economics Department of the Islamic University of Science and Technology (IUST) started here today.

During this inaugural ceremony, the Vice-Chancellor of IUST, Professor Shakil A. Romshoo, who was also the guest of honor on the occasion, while congratulating the Department for taking this initiative in view of of the multidisciplinary importance of political economy, felt that the theme of the workshop was relevant to issues such as climate change, the pandemic, migration.

Prof. Romshoo, while discussing the current vaccine divide globally, emphasized addressing issues such as inequality and social divide at national and international levels.

Well-known economist, Professor Praveen Jha, Center for Economic Studies and Planning, JNU, who was the keynote speaker at the inaugural ceremony, largely highlighted the broader aspects of political economy and spoke about the issues methods of political economy research – specifically delineated a line of difference between mainstream economics and political economy approaches.

Professor Jha, while discussing the core of imperialism and neocolonialism, expressed his views on the works of David Harvey, Samir Amin and Prabhat Patnaik with reference to imperialism, north-south bloc and neocolonialism . He also highlighted the use of the Marxist methodology of using the class as a unit rather than an individual.

At the start, the head of the economics department, Dr. Asif Iqbal Fazili, officially welcomed the dignitaries and participants. While introducing the theme of the workshop, Dr. Fazili emphasized the need for such initiatives and highlighted the importance of institutions in policy making.

A vote of thanks was offered by the Assistant Professor of the Department of Economics, Dr Irfan Ahmad Sofi, and also present during the session, the workshop coordinators, Dr Javid Ahmad Khan, Dr Irfan Ahmad Sofi and Dr. Shumila Cheshti, and co-coordinators Dr. Un B. Hamid Mir and Dr. Showket Ahmad Bhat.

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