Srinivasan Raghavendran

DR

Accepting PhD Students

PhD projects

My research is focused on a number of major themes in the areas of Macroeconomics, Finance and Complex Systems, and Political Economy.


My current research can be grouped under the following broad interrelated themes:

I. Financialization and Macroeconomic stability
II. Characterizing economic complexity
III. Economic growth and Socio-economic inequality under financialization

Calculated based on number of publications stored in Pure and citations from Scopus

Personal profile

Biography

My research is focused on a number of major themes in the areas of Macroeconomics, Finance and Complex Systems, and Political Economy. The broad theme that underpins various strands of his research is the issue of thedynamic interrelation between economic growth and distribution of income, and my current work focuses on this question in the context of financialization. My research draws inspiration from the intellectual traditions of Michal Kalecki and John Maynard Keynes on the substantive front, and uses the methods and tools of Complex systems, to study the dynamics of growth and income distribution in the modern financial economies. My research is interdisciplinary and is underpinned by the principle that economic systems cannot be viewed independently of the wider socio-political context. I have published in international peer-reviewed journals, including Review of Keynesian Economics (ROKE) , Metroeconomica , Journal of Economics , Panoeconomicus , Feminist Economics , Economic and Political Weekly , Review of Development and Change, and in the reputed Science journals like PLOS ONE , European Physical Journal B and the International Journal of Bifurcation and Chaos . I served as the Associate Director for Research in the Whitaker Institute at NUI Galway where my role was to create the capacity for multidisciplinary research using novel research methodologies for addressing global and regional Public - No restriction policy issues. The Social Sciences Computing Hub , the project, which I led and successfully established, is one such project for multidisciplinary research in NUI Galway. I have been invited to speak at the prestigious international events such as,Invited to speak at the prestigious a target=_blank rel=nofollow href=https:forum-americas.orgmontrealInternational Economic Forum of the Americas (IEFA) in Montreal in June 2017 Invited to speak at the a target=_blank rel=nofollow href=https:www.imf.orgenNewsEventsGender-and-MacroeconomicsInternational Monetary Fund (IMF) conference on Gender and Macroeconomics in March 2017 in Washington D.C My research has been published, acknowledgedand reviewed in national and international media, including: Nature India published a review of the PLOS ONE paper (a target=_blank rel=nofollow href=http:www.natureasia.comennindiaarticle10.1038nindia.2016.4link to the review ). The a target=_blank rel=nofollow href=https:www.youtube.comwatch?v=d1MpPc6Hz7gPresident of Ireland, Michael D. Higgins has citedand quoted my work in his recent book ( When Ideas Matter , Michael D. Higgins (2016)) and acknowledged my research in many of his Public - No restriction lectures. a target=_blank rel=nofollow href=https:www.rte.iebrainstorm201905161049834-has-economics-lost-its-ability-to-relate-to-the-real-worldRTE Brainstorm published my article on a target=_blank rel=nofollow href=https:www.rte.iebrainstorm201905161049834-has-economics-lost-its-ability-to-relate-to-the-real-worldwhy economics lost its ability to relate to the real work The Wire, inIndiapublished my article on the issue of a target=_blank rel=nofollow href=https:thewire.ingenderdomestic-violence-women-private-matter-economyviolence against women and economic policy Irish Times published my comment on the famous spreadsheet a target=_blank rel=nofollow href=http:www.irishtimes.comopinionletterseconomists-and-austerity-errors-1.1397745 error issue. Irish Times article on my research onthe a target=_blank rel=nofollow href=http:www.irishtimes.combusinessvirtual-explanation-for-market-cycles-1.731595Virtual Stock Market Experiments . The summary of the deliberation of the workshop,Finance, Sovereign debt and the Eurozone crisis was published as an open letter, Alternative Vision for the Eurozone Crisis , in newspaers ina target=_blank rel=nofollow href=https:italy4d.wordpress.com20121111antidoto-alle-interviste-a-montiItaly (Il Mainfest), Spain (a target=_blank rel=nofollow href=http:blogs.Public - No restrictiono.esdominioPublic - No restrictiono6120por-una-condicionalidad-keynesianaPublic - No restrictiono ), anda target=_blank rel=nofollow href=https:opinionsur.org.arwpan-alternative-vision-for-the-eurozone-crisis?lang=enArgentina (a target=_blank rel=nofollow href=http:www.pagina12.com.ardiarioeconomia2-208112-2012-11-19.htmlPagina 2 ), in the Economic and Political Weekly inIndia (a target=_blank rel=nofollow href=http:www.epw.injournal201247-48lettersalternative-vision-eurozone-crisis.htmlEPW ), and in various blogs, like a target=_blank rel=nofollow href=https:europeaneconomics.wordpress.com201211Heterodox , a target=_blank rel=nofollow href=http:nakedkeynesianism.blogspot.comsearch?q=Alternative+Vision+for+the+Eurozone+CrisisNaked Keynesianism , Triple Crisis etc. a target=_blank rel=nofollow href=http:www.deccanherald.comcontent519586a-free-depth-course-economics.htmlMedia coverage in India on the winter school on Modern Finance and Macroeconomics that I organized with my researchcollaborators, Prof. Vishwesha Guttal and Prof. Srikanth Iyer in the India Institute of Science (IISc).

Research Interests

Research focusand interestMy current research explores the implications of themodern financial sectorfor macroeconomic stability, particularly from the point of view of theinterrelation between income distribution and economic growth. Some of my recent papers in Metroeconomica (2015), Review of Keynesian Economics (2017), Panoeconomicus (2018) proposea way to incorporate the modern financial sector in macroeconomic analysis and explore the pathways through which modern finance may lead to fragility in the real economy, by not only causing abrupt crashes but also makes the recovery weaker. My work also examines the institutional conditions that renders modern financial systems fragile and unstable. Continuing in this broad theme, I am working on various issues relating tointra - and inter - income distribution disparity, conflict between shareholders, managersand workers and on the long run relationship between growth and distribution under financialization. Arising from my work in Macroeconomics, and drawing from the wider framework of political economy, connections to a range of wider social issues have opened up informing a parallel area of research that I actively explore. Inparticular, I continue to work on the political economy of Macroeconomic policy making in the context of the 2008 crisis (Economic and Political Weekly 2013) and on integrating Gender in Macroeconomics, with a particular emphasis on integrating unpaid care in Macroeconomics (Feminist Economics (in press),a target=_blank rel=nofollow href=https:www.rte.iebrainstorm201905161049834-has-economics-lost-its-ability-to-relate-to-the-real-worldRTE Brainstorm 2019), on the issue of Microfinance as a developmental strategy and on the issue of violence against women (Feminist Economics, 2017 ;The Wire, 2017).These works are a reflection of the wider, integrated, view that informs my research agenda, which can be grouped under the following broad interrelated themes: I. Financialization and Macroeconomic stability II. Empirical characterization of economic complexity III. Economic growth and Socio-economic inequality under financialization

Teaching Interests

A lamp can never light another lamp unless it continues to hum its own flame - Rabindranath Tagore My philosophy and practice of teaching draws from the wisdom and inspiration of Rabindranath Tagores magical words. I consider knowledge as the light that burns the darkness in the human mind and the duty of the teacher is to ensure that the light burns eternally. Thus, by continuing to burn hisher own flame, the teacher has to perform the critical role of reinvigorating the light of knowledge. The approach to learning for me is being both analytical and critical. I believe that these two aspects of learning cannot be achieved without a systematic inquiry to understand the nature, the philosophy, and the methodology of the subject of study. It is this method of inquiry-based learning that underpins my philosophy and practice of teaching, and is what continues to hum the flame in me. I strive to inculcate this approach to learning in my students and make them life long learners, so that they become analytical and critical thinkers in their daily and professional lives. My focus, therefore, is to go beyond the narrow confines of the classroom by critically engaging and challenging textbook economic concepts using real world experiences. This spirit of creative destruction , to borrow the phrase from Joseph Schumpeter, who used it in a different context, that of destroying the old habitual thought processes, defined by social conventions, and creating newer concepts to understand the ever changing real world is what I believe is the fuel that burns life long learning. I teach a wide variety of courses within the ambit of my research expertise. My teaching spans various levels that include undergraduate, advanced undergraduate, evening BAB.Sc. Higher Diploma students, post-graduate students and Ph.D. Students.I have also designed and delivered novel interdisciplinary modules in economics arising from my research collaborations with colleagues in other disciplines such as Physics, Mathematics, Engineering, and Psychology. I currently teach these modules Macroeconomic Theory and Policy - M.Sc (International Finance) Research Seminar II: Advanced Macroeconomic Theory- Ph.D. Economics International Monetary Economics - 4th year B.Sc. Financial Mathematics and Economics Macroeconomics and Public - No restriction Policy - 3rd year BAB.COMMB.ScErasmusInternational4BCommMathematics for Economics - 2nd year BA

Expertise related to UN Sustainable Development Goals

In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This person’s work contributes towards the following SDG(s):

  • SDG 1 - No Poverty
  • SDG 3 - Good Health and Well-being
  • SDG 4 - Quality Education
  • SDG 5 - Gender Equality
  • SDG 6 - Clean Water and Sanitation
  • SDG 8 - Decent Work and Economic Growth
  • SDG 10 - Reduced Inequalities
  • SDG 16 - Peace, Justice and Strong Institutions
  • SDG 17 - Partnerships for the Goals

Education/Academic qualification

BSc, M.Sc, M.Phil, M.Phil, PhD

External positions

Lecturer Above-the-Bar, National University of Ireland, Galway

8 Nov 2004 → …

Accepting PhD Students

  • Accepting PhD Students

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