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Deepanakar Basu

Deepankar Basu
Assistant Professor
1012 Thompson
(413) 545-6359
web site:


Ph.D., Economics, Ohio State University, 2008
M.A., Economics, Ohio State University, 2003
M.Phil., Economics, Jawaharlal Nehru University, New Delhi, India, 1999
M.A., Economics, Jawaharlal Nehru University, New Delhi, India, 1997
B.Tech., Mech Engg., Indian Institute of Technology, Kanpur, India, 1994

professional experience

Assistant Professor, Department of Economics, University of Massachusetts Amherst, 2009-present
Assistant Professor, Department of Economics, Colorado State University, 2008-2009

research interests

Applied econometrics with a focus on Marxian political economy, macroeconomics, economic development, and demography.


Introductory Econometrics
Introduction to Marxist Political Economy
Intermediate Macroeconomics

honors & awards

G S Maddala Student Prize in Econometrics, Department of Economics, Ohio State University, 2007

Selected publications

"The Maoist Movement in India: Some Political Economy Considerations," (with Debarshi Das), Journal of Agrarian Change, forthcoming.

"Replacement versus Historical Cost Profit Rates: What is the difference? When does it matter?", Metroeconomica, forthcoming.

"Dynamics of Output and Employment in the U.S. Economy," (with Duncan Foley), Cambridge Journal of Economics, forthcoming.

"Class Struggle and Economic Fluctuations: VAR Analysis of the Postwar U.S. Economy," (with Ying Chen and Jong-seok Oh), International Review of Applied Economics, forthcoming.

"Comparative Growth Dynamics in a Discrete-time Marxian Circuit of Model," Review of Radical Political Economics, forthcoming.

"The Reserve Army of Labour in the Postwar U.S. Economy," Science & Society, Vol. 77, No. 2, pp. 179-201, April 2013.

"Is there a tendency for the rate of profit to fall? Econometric evidence for the U.S. economy, 1948-2007," (with P. T. Manolakos), Review of Radical Political Economy, Vol. 45, No. 1, pp. 75-94, March 2013.

"Technology, Distribution and the Rate of Profit in the U.S. Economy: Understanding the Current Crisis," (with Ramaa Vasudevan), Cambridge Journal of Economics, Vol. 37, No. 1, pp. 57-89, January 2013.

"Relations of Production and Modes of Surplus Extraction in India," (with Amit Basole) Economic and Political Weekly, 45: 14, (April) 2011.

"Marx-Biased Technical Change and the Neoclassical View of Income Distribution," Metroeconomica, 61:4, (November) 2010.

"Son Targeting Fertility Behaviour: Some Consequences and Determinants," (with Robert de Jong) Demography, 47:2, (May) 2010.

"The Left and the 15th Lok Sabha Election," Economic and Political Weekly, 44:22 (June), 2009.

"Political Economy of Contemporary India: Some Comments," (with Debarshi Das) Economic and Political Weekly, 44:22 (June), 2009.

The US Financial Crisis, New Delhi: Aakar Books, 2009.

"A Note on Binary Choice Duration Models," (with Robert de Jong) Economics Letters, 102:1 (January), 2009.

"Dynamic Multinomial Ordered Choice Models with an Application to the Estimation of Monetary Policy Rules,' (with Robert de Jong) Studies in Nonlinear Dynamics and Econometrics, 11:4 (December), 2007.

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