Table of Contents

1. Introduction 2. The Purported Logic of Demonetisation 3. Design and Implementation of Demonetisation 4. Initial Outcomes 5. Macroeconomic Consequences 6. Inventing a New Utopia 7. Conclusion

About the Author

Jayati Ghosh is Professor at the Centre for Economic Studies and Planning, School of Social Sciences, Jawaharlal Nehru University, New Delhi, India.

C. P. Chandrasekhar is Dean, School of Social Sciences, and Professor at the Centre for Economic Studies and Planning, School of Social Sciences, Jawaharlal Nehru University, New Delhi, India.

Prabhat Patnaik is Emeritus Professor at the Centre for Economic Studies and Planning, School of Social Sciences, Jawaharlal Nehru University, New Delhi, India.

Reviews

"It is noteworthy for lucidly cutting through the ballyhoo around demonetisation, its intended and actual impact, and flagging the larger risks that this reform experiment—‘where many who have suffered damage still see their experience as necessary pain to be endured for long term gains to the nation’—throws up for India’s democracy."Vikas Dhoot, The Hindu