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Text of the page (random words):
ew study of history where he turned his gaze from theoretical economics to history in the book batra promoted the social cycle theory of his spiritual mentor sarkar based on an analysis of four distinct classes with different psychological preferences or endowments at the same time batra has theorised that economic inequality affects economic performance and social change 10 he popularised the concept of the share of wealth held by richest 1 as an indicator of inequality and an important determinant of depressions 11 social evolution edit the main thesis of the book was that the age of acquisitors better known as capitalism was soon to come to an end in the west this dramatic change was to be followed by the downfall of the age of commanders in the soviet union more commonly known as communism while his predictions for capitalism to collapse within a few decades due to rampant inequality and speculation have not come true his prediction for the collapse of communism due to inner stasis and oppression arrived in 1990 sooner than expected the key reason that capitalism as a self perpetuating social formation was seen to be on an unsustainable path was the relentless drive of acquisitors to acquire ever more capital over time this activity was seen to gain momentum and result in financial booms and busts a depression would then follow and as it came on top of extreme inequality it would quickly bring social chaos and revolt as anarchy was not a normal state of affairs the class of military leaders would step in the breach and reestablish order and thereby usher in a new age of commanders in this context batra reviews a prior such social change which occurred two millennia ago when the roman republic was transformed into the roman empire at that time slave uprisings were common but were violently suppressed this period became known as the servile wars at the same time the military was in ascendancy as the roman army continued to expand the empire the pivotal figure in the development was the military leader julius caesar who wrested control from the senate by diluting its membership but was in turn murdered by the disgruntled senators the military class led by his adopted son octavian cemented the new social order batra thinks such a scenario in the future will refocus the social motivity away from acquisition of money to a mastery of technology and physical bravery including the conquest of space heralding a new age of commanders in the west these ideas contrast starkly with those of thinkers like francis fukuyama who argues in the end of history and the last man that capitalism as it is based on democracy and freedom represents the pinnacle of human social development for fukuyama the collapse of soviet communism could have been inevitable but not that of capitalism bestsellers edit main article the great depression of 1990 ravi batra is the author of six international bestsellers two of which appeared on the new york times list in 1980 he published muslim civilization and the crisis in iran where he predicted the fall of the shah and the rise of a class of intellectuals or mullahs followed by a drawn out war with iraq in 1984 he penned what was to become his first bestseller first under the title regular cycles of money inflation regulation and depressions a central theme of this book was that the mal distribution of wealth which batra found to be the cause of past episodes of financial speculative manias that were followed by a crash and depression lester thurow was so impressed that he wrote a preface stating the ideas were novel and brilliant this book was subsequently renamed as the great depression of 1990 it entered the new york times best seller list in the non fiction category in early 1987 and reached 1 later that year 12 outcomes of predictions edit batra predicted a full scale depression in the us in 1990 it did not happen 13 batra s reputation rose in europe on account of his correct prediction for the fall of communism when he was awarded the medal of the italian senate in 1990 batra continued to publish bestselling works in japan with economic malaise lasting until the early 2000s in the us however his sales began to drop and his booming side line career as a media commentator on matters economic and financial began to sour citation needed in 1993 batra received the ig nobel prize in economics on september 9 2007 batra predicted a political revolution will take place in the united states by the end of this decade by around 2010 and the revolution could go on for four or five years before it is complete so from 2010 to 2016 we could see major changes in us economy and society it will be a peaceful revolution and it will bring an end to the rule of money in society 14 recent works edit in 1993 batra published the myth of free trade the pooring of america in which he argued that free trade has enabled the rich to become richer but most people became poorer batra predicted that nafta would create unemployment in mexico and lower wages in america he urged the breakup of large firms a raise in tariffs and a drastic cut in defense spending to turn the country around in his view domestic monopolies generate inequality and poverty and global trade damages the industrial base and the global environment in 1998 he published stock market crashes of 1998 and 1999 the asian crisis and your future the book was revisiting the premise of his earlier bestselling work arguing nothing had changed only the palliative cures of economic policy had become more effective at suppressing the symptoms of financial capitalism but not cure its underlying illness he therefore predicted increasing stock market volatility again in 1999 he published a book the crash of the millennium surviving the coming inflationary depression which suggested a plunge in stocks the drop in high tech stocks in the spring of 2000 sent a shiver through the global market place however his critics claimed that since the capitalist system remained relatively intact that he was proven wrong in 2004 he wrote a new book greenspan s fraud how two decades of his policies have undermined the global economy where he critically evaluates the policy prescriptions of former federal reserve chief alan greenspan 15 in 2008 he published his book the new golden age the coming revolution against political corruption and economic chaos where he analyzes the present day economic downturn and the forces behind it after some significant struggle batra predicts a swift and stunning revival of american ideals based on true democratic principles that will quickly spread around the world the united states does not export much but it does export ideas which today mainly emit hedonism and materialism a new standard exalting martial qualities and magnanimity will soon replace the currently dominant american ethos it will also sound the death knell for tricklism which is creating poverty around the world america s revolutionary ideas will quickly captivate the globe they will spread like wildfire and eradicate poverty within a generation the internet will make sure that the renaissance spreads its fragrance all over the planet verily for the first time in history there will be a golden age pg 204 16 publications edit books edit batra raveendra 1989 studies in the pure theory of international trade new york st martin s press isbn 9780312772109 batra raveendra 1975 the pure theory of international trade under undercertainty london macmillan isbn 9780333165607 batra raveendra n 1978 the downfall of capitalism and communism a new study of history london macmillan isbn 9780333216453 batra raveendra 1989 regular economic cycles money inflation regulation and depressions new york st martin s press isbn 9780312032609 batra raveendra 1987 the great depression of 1990 why it s got to happen how to protect yourself new york simon schuster isbn 9780671640224 batra raveendra 1989 surviving the great depression of 1990 protect your assets and investments and come out on top new york dell publishing isbn 9780440204619 batra raveendra 1989 progressive utilization theory prout an economic solution to poverty in the third world ermita manila philippines ananda marga publications isbn 9789718623077 batra ravi 1990 the downfall of capitalism and communism can capitalism be saved dallas texas venus books distributed by taylor pub co isbn 9780939352098 batra ravi 1993 the myth of free trade a plan for america s economic revival new york toronto new york c scribner s sons maxwell macmillan canada maxwell macmillan international isbn 9780684195926 batra ravi 1996 the great american deception what politicians won t tell you about our economy and your future new york john wiley sons isbn 9780471165569 batra ravi 1999 the crash of the millennium surviving the coming inflationary depression new york harmony books isbn 9780609605127 batra ravi 2003 common sense macroeconomics richardson texas liberty press isbn 9780939352869 batra ravi 2005 greenspan s fraud how two decades of his policies have undermined the global economy new york palgrave macmillan isbn 9781403968593 batra ravi 2007 the new golden age the coming revolution against political corruption and economic chaos new york palgrave macmillan isbn 9781403975799 batra ravi 2015 end unemployment now how to eliminate joblessness debt and poverty despite congress new york palgrave macmillan isbn 9781137280077 journal articles edit batra raveendra n pattanaik prasanta k october 1972 on some suggestions for having non binary social choice functions theory and decision 3 1 springer 1 11 doi 10 1007 bf00139349 s2cid 121130018 batra ravi beladi hamid september 2013 the us trade deficit and the rate of interest review of international economics 21 4 wiley online 614 626 doi 10 1111 roie 12059 hdl 10 1111 roie 12059 s2cid 154137956 batra ravi beladi hamid november 2013 foreign capital and urban congestion in emerging markets review of development economics 17 4 wiley online 676 684 doi 10 1111 rode 12058 see also edit free trade controversy list of ig nobel prize winners progressive utilization theory references edit economic crises the turing test and the igs improbable research 4 february 2009 retrieved 6 january 2012 batra raveendra n library of congress retrieved 25 september 2014 data sheet b 6 27 43 jay taylor 1999 the crash of the millennium usa gold retrieved 2011 08 01 1 2 3 4 hayes thomas c 1987 08 30 depression guru ravi batra economist or mystic new york times archived from the original on november 21 2011 retrieved 2011 08 01 from boom to doom time magazine 1987 08 24 archived from the original on october 23 2010 retrieved 2011 08 01 the trashing of free trade newsweek magazine 1993 07 11 retrieved 2011 08 01 dr ravi batra profile bio thom hartman 29 april 2011 retrieved 2011 08 01 kendall anderson 2008 12 17 prophet of boom and bust now will they listen to ravi batra fort worth weekly retrieved 2011 08 01 gayle reaves 2010 06 02 the u s economy still a house of cards fort worth weekly retrieved 2011 08 01 ravi batra 1990 regular economic cycles money inflation regulation and depressions venus books 1985 investment library isbn 9781863500289 retrieved october 13 2011 mcdowell edwin 1988 01 06 best sellers from 1987 s book crop new york times retrieved october 13 2011 edwin mcdowell january 6 1988 best sellers from 1987 s book crop new york times retrieved january 10 2012 kevin j stiroh and christopher metli april 2003 now and then the evolution of loan quality for u s banks volume 9 number 4 pdf federal reserve bank of new york retrieved january 10 2012 why ravi batra is my kind of kick ass economist for the 99 c4chaos blog november 14 2011 archived from the original on january 12 2012 retrieved november 20 2011 tango korrupti fonds exklusiv 2010 05 27 archived from the original on 2011 11 21 retrieved 2011 10 29 batra ravi batra raveendra n 2007 01 09 the new golden age the coming revolution against political corruption and economic chaos macmillan isbn 978 1403975799 external links edit official website southern methodist university archived 2015 09 24 at the wayback machine v t e globalization journals outline studies aspects alter globalization anti globalization movement left right cultural globalization deglobalization democratic globalization economic globalization economic integration environmental globalization financial integration fiscal union global citizenship education global financial system global governance global health law global migration global politics global workforce globality harmonisation of law history of archaic early modern military globalization political globalization regional integration trade bloc trade globalization issues global balance of trade capital outflow capital flight climate change climate justice climate migration criticisms foreign ownership disease covid 19 pandemic digital divide labor arbitrage monetary sovereignty multilingualism population tariff engineering tax havens offshore financial centres tax inversions trafficking arms children drugs endangered species human sex value added tax water crisis other brain drain reverse care drain development aid economic inequality endangered languages fair trade forced displacement human rights illicit financial flows imperialism academic cultural linguistic media scientific social invasive species investor state disputes mcdonaldization new international division of labour north south divide offshoring race to the bottom pollution havens reverse discrimination transnational crime westernization world war theories capital accumulation dependency development earth system fiscal localism free trade globalism modernization ecological history of neoliberalism primitive accumulation social change world history world systems notable scholars economics david autor richard baldwin ravi batra jagdish bhagwati robert brenner jayati ghosh michael hudson branko milanović kevin o rourke thomas piketty dani rodrik jeffrey sachs amartya sen joseph stiglitz political economy samir amin giovanni arrighi robert w cox andre gunder frank stephen gill barry k gills peter gowan david harvey ronen palan susan strange robert wade politics sociology arjun appadurai daniele archibugi k anthony appiah ulrich beck walden bello jean baudrillard zygmunt bauman manuel castells christopher chase dunn alfred crosby nancy fraser susan george anthony giddens michael hardt david held paul hirst l h m ling antonio negri george ritzer saskia sassen john urry immanuel wallerstein other noam chomsky thomas friedman naomi klein john r saul vandana shiva category business portal authority control databases international isni viaf gnd fast worldcat national united states france bnf data japan czech republic spain netherlands norway korea poland israel catalonia belgium academics cinii mathematics genealogy project scopus mathscinet people ddb other idref yale lux retrieved 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