This new book, co-edited by PERI researcher Shouvik Chakraborty, presents an overview of the state of the Indian economy immediately prior to the country’s April 11 national election. Professor Prabhat Patnaik writes that Quantum Leap in the Wrong Direction provides “a great service to the Indian people who are about to participate in what is undoubtedly the most decisive election in our recent history. To choose wisely the people need to be correctly informed about the state of the country. And information is precisely what is being denied to them…. Quantum Leap has sought to present a true picture of the performance of the Modi government.”

Sripad Motiram and Vamsi Vakulabharanam of PERI consider situations where individuals belonging to multiple groups inhabit a space that can be divided into smaller distinguishable units, a feature characterizing many cities in the world.  They conceptualize a phenomenon that they term "Grayness" - a combination of spatial integration based upon group-identity and income. Grayness is high when cities display a high degree of spatial co-existence in terms of both identity and income. They develop an index of Grayness, then apply this Grayness index to both the Indian city of Hyderabad and selected American cities.

In “Giovanni Arrighi in Beijing:  Rethinking the Transformation of the Labor Supply in Rural China During the Reform Era,” Hao Qu and Zhongjin Li use a Marxian political economy perspective to analyze the formation of the reserve army of labor in China during the reform era, which began in 1978. Building from the work of Arrighi, and critiquing the highly influential Lewis model, Qu and Li show how the formation of an industrial reserve army in China has been an historical process in which the state has played an active role.