Deepankar Basu

Professor

Faculty
Deepankar Basu Photo
Contact
https://people.umass.edu/dbasu/
Location
103 Crotty Hall

EDUCATION

  • 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 Eng., Indian Institute of Technology, Kanpur, India, 1994

PROFESSIONAL EXPERIENCE

  • Professor, Department of Economics, University of Massachusetts Amherst, 2022 - present
  • Associate Professor, Department of Economics, University of Massachusetts Amherst, 2015-present
  • Assistant Professor, Department of Economics, University of Massachusetts Amherst, 2009-2015
  • Assistant Professor, Department of Economics, Colorado State University, 2008-2009

RESEARCH INTERESTS

  • Classical political economy
  • Political economy of development (with a focus on India)
  • Applied econometrics

TEACHING

  • Introductory Econometrics
  • Introduction to Marxist Political Economy
  • Intermediate Macroeconomics
  • Applied Time Series Econometrics

HONORS AND AWARDS

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

SELECTED PUBLICATIONS

  • “Alternative Approaches to Labor Values and Prices of Production: Theory and Evidence,” (with Thanos Moraitis), Structural Change and Economic Dynamics, forthcoming.
  • “An Analytical History of the Yule-Frisch-Waugh-Lovell Theorem,” Eastern Economic Journal, forthcoming.
  • “Theory and Empirics of the Goodwin Model,” (with Diogo Martins) Metroeconomica, forthcoming.
  • “Technical Change and the Rate of Profit in Classical-Marxian Models of Economic Growth,” Review of Radical Political Economics, forthcoming.
  • “A Neoclassical Theory of Exploitation: Some Comments,” (with Debarshi Das and Subhankar Mukherjee), Review of Radical Political Economics, 2025, 57(4), 892–897.
  • “Labor intensification and value production: A rejoinder,” (with Cameron Haas and Thanos Moraitis), Review of Radical Political Economics, December 2024, 56(4), 619-623.
  • World Profit Rates, 1960-2019 (with Julio Huato, Jesus Lara Jauregui and Evan Wasner), Review of Political Economy, 2025, 37(1), 92–107.
  • “Frisch-Waugh-Lovell Theorem-type Results for the k-Class and 2SGMM Estimators,” Statistics and Probability Letters, October 2024, 213, 110188.
  • “To Reform and to Procure: An Analysis of the Role of the State and the Market in Indian Agriculture,” (with Kartik Misra) Journal of Development Studies, 2024, 60(5), 724-744.
  • “Intensification of Labor and the Rate and Form of Surplus Value,” (with Cameron Haas and Thanos Moraitis) Review of Radical Political Economics, 2024, 56(1) Pages 26–50.
  • “Exploitation of Labor or Exploitation of Commodities?” Review of Radical Political Economics, June 2023, 55(2), 233–250.
  • “Technical Change, Constant Rate of Exploitation and the Falling Rate of Profit in Linear Production Economies,” (with Oscar Orellana) Metroeconomica, July 2023, 74(3), 512–530.
  • A Reformulated Version of Marx's Theory of Ground-Rent Shows that there Cannot be any Absolute Rent. Review of Radical Political Economics, December 2022, 54(4), 542–567.
  • The Logic of Capital: An Introduction to Marxist Economics. Cambridge: Cambridge University Press. 2021.
  • What to Make of the Kaldor-Verdoorn Law? (with Manya Budhiraja) Cambridge Journal of Economics, Cambridge Journal of Economics, November 2021, 45(6), 1243-68.
  • Majoritarian Politics and Hate Crimes Against Religious Minorities: Evidence from India, 2009–2018, World Development, October 2021, 146, 105540.

Documents

Deepankar basu-cv26.pdf