Ravi Batra - Revision history

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			{{Short description\|Indian-American economist, author, and professor}}
	{{BLP sources\|date=August 2011}}		{{BLP sources\|date=August 2011}}
	{{Infobox economist		{{Infobox economist
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	\| death_date =		\| death_date =
	\| death_place =		\| death_place =
	\| nationality = ~~United States~~		\| nationality = American
	\| institution = [[Southern Methodist University]]		\| institution = [[Southern Methodist University]]
	\| field = [[International economics]], [[macroeconomics]]		\| field = [[International economics]], [[macroeconomics]]
	\| alma_mater = [[Southern Illinois University]] <small>(Ph.D.)</small><br /> [[Delhi School of Economics]] (M.A.) </small>		\| alma_mater = [[Southern Illinois University]] <small>(Ph.D.)</small><br /> [[Delhi School of Economics]] <small>(M.A.)</small>
	\| influences = [[P.R. Sarkar]]		\| influences = [[P.R. Sarkar]]
	\| contributions = [[International economics\|International Trade Theory]]<br />[[Macroeconomic theory]]<br /> [[Labour economics]]<br /> [[Development theory]]		\| contributions = [[International economics\|International Trade Theory]]<br />[[Macroeconomic theory]]<br /> [[Labour economics]]<br /> [[Development theory]]
	\| awards = [[Ig Nobel prize]], 1993<ref>{{cite web\|url=http://www.improbable.com/2009/02/03/economic-crises-the-turing-test-and-the-igs/\|access-date=6 January 2012\|title=Economic crises, the Turing Test, and the Igs\|publisher=Improbable research}}</ref>		\| awards = [[Ig Nobel prize]], 1993<ref>{{cite web\|url=http://www.improbable.com/2009/02/03/economic-crises-the-turing-test-and-the-igs/\|access-date=6 January 2012\|title=Economic crises, the Turing Test, and the Igs\|date=4 February 2009\|publisher=Improbable research}}</ref>
	\| signature = <!-- file name only -->		\| signature = <!-- file name only -->
	\| repec_prefix =		\| repec_prefix =
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	Ravi Batra has appeared on [[CBS]], [[NBC]], [[CNN]], [[American Broadcasting Company\|ABC]], and [[CNBC]] and has been profiled in ''[[The New York Times]]'',<ref name="Hayes">{{cite news \|url=https://www.nytimes.com/1987/08/30/business/depression-guru-ravi-batra-economist-or-mystic-tune-in-around-1990-to-find-out.html?scp=3&sq=Ravi%20Batra&st=cse \|title=DEPRESSION GURU: RAVI BATRA; Economist or Mystic? \|work=New York Times \|access-date=2011-08-01 \|date=1987-08-30 \|first=Thomas C. \|last=Hayes }}</ref>		Ravi Batra has appeared on [[CBS]], [[NBC]], [[CNN]], [[American Broadcasting Company\|ABC]], and [[CNBC]] and has been profiled in ''[[The New York Times]]'',<ref name="Hayes">{{cite news \|url=https://www.nytimes.com/1987/08/30/business/depression-guru-ravi-batra-economist-or-mystic-tune-in-around-1990-to-find-out.html?scp=3&sq=Ravi%20Batra&st=cse \|title=DEPRESSION GURU: RAVI BATRA; Economist or Mystic? \|work=New York Times \|access-date=2011-08-01 \|date=1987-08-30 \|first=Thomas C. \|last=Hayes }}</ref>
	''[[Time (magazine)\|Time]]'',<ref>{{cite news \|url=http://www.time.com/time/magazine/article/0,9171,965279,00.html \|title=From Boom to Doom? \|publisher=Time magazine \|access-date=2011-08-01 \|date=1987-08-24 }}</ref>		''[[Time (magazine)\|Time]]'',<ref>{{cite news \|url=http://www.time.com/time/magazine/article/0,9171,965279,00.html \|archive-url=https://web.archive.org/web/20101023002257/http://www.time.com/time/magazine/article/0,9171,965279,00.html \|url-status=dead \|archive-date=October 23, 2010 \|title=From Boom to Doom? \|publisher=Time magazine \|access-date=2011-08-01 \|date=1987-08-24 }}</ref>
	and ''[[Newsweek]]''.<ref>{{cite web \|url=http://www.thedailybeast.com/newsweek/1993/07/11/the-trashing-of-free-trade.html \|title=The Trashing Of Free Trade \|publisher=Newsweek magazine \|access-date=2011-08-01 \|date=1993-07-11 }}</ref>		and ''[[Newsweek]]''.<ref>{{cite web \|url=http://www.thedailybeast.com/newsweek/1993/07/11/the-trashing-of-free-trade.html \|title=The Trashing Of Free Trade \|publisher=Newsweek magazine \|access-date=2011-08-01 \|date=1993-07-11 }}</ref>
	Since the financial crisis, Batra has been a frequent guest on radio shows<ref>{{cite web \|url=http://www.thomhartmann.com/people/ravi-batra \|title=Dr Ravi Batra : Profile & Bio \|publisher=Thom Hartman \|access-date=2011-08-01 }}</ref>		Since the financial crisis, Batra has been a frequent guest on radio shows<ref>{{cite web \|url=http://www.thomhartmann.com/people/ravi-batra \|title=Dr Ravi Batra : Profile & Bio \|date=29 April 2011 \|publisher=Thom Hartman \|access-date=2011-08-01 }}</ref>
	and featured in numerous publications.<ref>{{cite web \|url=http://archive.fwweekly.com/content.asp?article=7369 \|title=Prophet of Boom (and Bust) – Now will they listen to Ravi Batra? \|publisher=Fort Worth Weekly \|author=Kendall Anderson \|access-date=2011-08-01 \|date=2008-12-17 }}</ref><ref>{{cite web \|url=http://www.fwweekly.com/index.php?option=com_content&view=article&id=3502&limitstart=1 \|title=The U.S. Economy: Still a House of Cards \|publisher=Fort Worth Weekly \|author=Gayle Reaves \|access-date=2011-08-01 \|date=2010-06-02 }}</ref>		and featured in numerous publications.<ref>{{cite web \|url=http://archive.fwweekly.com/content.asp?article=7369 \|title=Prophet of Boom (and Bust) – Now will they listen to Ravi Batra? \|publisher=Fort Worth Weekly \|author=Kendall Anderson \|access-date=2011-08-01 \|date=2008-12-17 }}</ref><ref>{{cite web \|url=http://www.fwweekly.com/index.php?option=com_content&view=article&id=3502&limitstart=1 \|title=The U.S. Economy: Still a House of Cards \|publisher=Fort Worth Weekly \|author=Gayle Reaves \|access-date=2011-08-01 \|date=2010-06-02 }}</ref>

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	== Novel ideas ==		== Novel ideas ==
	In 1963, Batra met his mentor, P.R. Sarkar (1921–1990), and after establishing himself in his chosen field, he decided to branch out by contributing to his mentor's work.<ref name="Hayes"/> In 1978, he published a novel book ''[[The Downfall of Capitalism and Communism\|The Downfall of Capitalism and Communism: A New 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 [[Social class\|classes]] with different psychological preferences or endowments. At the same time, Batra has theorised that [[economic inequality]] affects economic performance and social change.<ref>{{cite ~~web~~\|url=http://catalogue.nla.gov.au/Record/358815 \|title=Regular economic cycles : money, inflation, regulation and depressions, Venus Books, 1985 \|author=Ravi Batra\|access-date=October 13, 2011}}</ref> He popularised the concept of the "share of wealth held by richest 1%", as an indicator of inequality and an important determinant of depressions.<ref>{{cite news\|url=https://www.nytimes.com/1988/01/06/books/best-sellers-from-1987-s-book-crop.html?pagewanted=all&src=pm\|title=Best Sellers From 1987's Book Crop \|access-date=October 13, 2011\|work=New York Times\|first=Edwin\|last=McDowell\|date=1988-01-06}}</ref>		In 1963, Batra met his mentor, P.R. Sarkar (1921–1990), and after establishing himself in his chosen field, he decided to branch out by contributing to his mentor's work.<ref name="Hayes"/> In 1978, he published a novel book ''[[The Downfall of Capitalism and Communism\|The Downfall of Capitalism and Communism: A New 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 [[Social class\|classes]] with different psychological preferences or endowments. At the same time, Batra has theorised that [[economic inequality]] affects economic performance and social change.<ref>{{cite book\|url=http://catalogue.nla.gov.au/Record/358815 \|title=Regular economic cycles : money, inflation, regulation and depressions, Venus Books, 1985 \|author=Ravi Batra\|year=1990 \|publisher=Investment Library \|isbn=9781863500289 \|access-date=October 13, 2011}}</ref> He popularised the concept of the "share of wealth held by richest 1%", as an indicator of inequality and an important determinant of depressions.<ref>{{cite news\|url=https://www.nytimes.com/1988/01/06/books/best-sellers-from-1987-s-book-crop.html?pagewanted=all&src=pm\|title=Best Sellers From 1987's Book Crop \|access-date=October 13, 2011\|work=New York Times\|first=Edwin\|last=McDowell\|date=1988-01-06}}</ref>

	=== Social evolution ===		=== Social evolution ===
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	=== Journal articles ===		=== Journal articles ===
	* {{Cite journal \| last1 = Batra \| first1 = Raveendra N. \| last2 = Pattanaik \| first2 = Prasanta K. \| author-link2 = Prasanta Pattanaik \| title = On some suggestions for having non-binary social choice functions \| journal = Theory and Decision \| volume = 3 \| issue = 1 \| pages = 1–11 \| publisher = Springer \| doi = 10.1007/BF00139349 \| date = October 1972 }}		* {{Cite journal \| last1 = Batra \| first1 = Raveendra N. \| last2 = Pattanaik \| first2 = Prasanta K. \| author-link2 = Prasanta Pattanaik \| title = On some suggestions for having non-binary social choice functions \| journal = Theory and Decision \| volume = 3 \| issue = 1 \| pages = 1–11 \| publisher = Springer \| doi = 10.1007/BF00139349 \| date = October 1972 \| s2cid = 121130018 }}
	* {{Cite journal \| last1 = Batra \| first1 = Ravi \| last2 = Beladi \| first2 = Hamid \| title = The US trade deficit and the rate of interest \| journal = Review of International Economics \| volume = 21 \| issue = 4 \| pages = 614–626 \| publisher = Wiley Online \| doi = 10.1111/roie.12059 \| date = September 2013 }}		* {{Cite journal \| last1 = Batra \| first1 = Ravi \| last2 = Beladi \| first2 = Hamid \| title = The US trade deficit and the rate of interest \| journal = Review of International Economics \| volume = 21 \| issue = 4 \| pages = 614–626 \| publisher = Wiley Online \| doi = 10.1111/roie.12059 \| date = September 2013 \| s2cid = 154137956 }}
	* {{Cite journal \| last1 = Batra \| first1 = Ravi \| last2 = Beladi \| first2 = Hamid \| title = Foreign capital and urban congestion in emerging markets \| journal = Review of Development Economics \| volume = 17 \| issue = 4 \| pages = 676–684 \| publisher = Wiley Online \| doi = 10.1111/rode.12058 \| date = November 2013 }}		* {{Cite journal \| last1 = Batra \| first1 = Ravi \| last2 = Beladi \| first2 = Hamid \| title = Foreign capital and urban congestion in emerging markets \| journal = Review of Development Economics \| volume = 17 \| issue = 4 \| pages = 676–684 \| publisher = Wiley Online \| doi = 10.1111/rode.12058 \| date = November 2013 }}

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{{BLP sources|date=August 2011}}
{{Infobox economist
| name = Ravi Batra
| school_tradition = [[Progressive utilization theory|Progressive Utilization school]]
| birth_date = {{Birth date and age|mf=yes|1943|6|27}}
| birth_place = [[Multan]], [[Punjab Province (British India)|Punjab]], [[British Raj|British India]]
| death_date =
| death_place =
| nationality = United States
| institution = [[Southern Methodist University]]
| field = [[International economics]], [[macroeconomics]]
| alma_mater = [[Southern Illinois University]] (Ph.D.) [[Delhi School of Economics]] (M.A.) 
| influences = [[P.R. Sarkar]]
| contributions = [[International economics|International Trade Theory]] [[Macroeconomic theory]] [[Labour economics]] [[Development theory]]
| awards = [[Ig Nobel prize]], 1993<ref>{{cite web|url=http://www.improbable.com/2009/02/03/economic-crises-the-turing-test-and-the-igs/|access-date=6 January 2012|title=Economic crises, the Turing Test, and the Igs|publisher=Improbable research}}</ref>
| signature = 
| repec_prefix =
| repec_id =
}}
'''Raveendra Nath''' "'''Ravi'''" '''Batra''' (born June 27, 1943)<ref name=Congress>{{cite web |title= Batra, Raveendra N. |url= http://id.loc.gov/authorities/names/n50005479.html |publisher= Library of Congress |access-date= 25 September 2014 |quote= data sheet (b. 6/27/43) }}</ref> is an [[Indian American|Indian-American]] [[economics|economist]], author, and professor at [[Southern Methodist University]]. Batra is the author of six bestselling books, two of which appeared on [[The New York Times Best Seller list]], with one ([[The Great Depression of 1990]]) reaching #1 in late 1987. His books center on his idea that [[financial capitalism]] breeds excessive inequality and political corruption which inevitably succumbs to financial crisis and economic depression.<ref>{{cite web |url=http://www.usagold.com/taylorbatracrash.html |title=The Crash of the Millennium |publisher=USA Gold |author=Jay Taylor |access-date=2011-08-01 |year=1999}}</ref>
In his works, Batra proposes an equitable distribution system known as [[Progressive Utilization Theory]] (PROUT) as a means to not only ensure material welfare but also to secure the ability of all to develop a full personality.

Ravi Batra has appeared on [[CBS]], [[NBC]], [[CNN]], [[American Broadcasting Company|ABC]], and [[CNBC]] and has been profiled in ''[[The New York Times]]'',<ref name="Hayes">{{cite news |url=https://www.nytimes.com/1987/08/30/business/depression-guru-ravi-batra-economist-or-mystic-tune-in-around-1990-to-find-out.html?scp=3&sq=Ravi%20Batra&st=cse |title=DEPRESSION GURU: RAVI BATRA; Economist or Mystic? |work=New York Times |access-date=2011-08-01 |date=1987-08-30 |first=Thomas C. |last=Hayes }}</ref>
''[[Time (magazine)|Time]]'',<ref>{{cite news |url=http://www.time.com/time/magazine/article/0,9171,965279,00.html |title=From Boom to Doom? |publisher=Time magazine |access-date=2011-08-01 |date=1987-08-24 }}</ref>
and ''[[Newsweek]]''.<ref>{{cite web |url=http://www.thedailybeast.com/newsweek/1993/07/11/the-trashing-of-free-trade.html |title=The Trashing Of Free Trade |publisher=Newsweek magazine |access-date=2011-08-01 |date=1993-07-11 }}</ref>
Since the financial crisis, Batra has been a frequent guest on radio shows<ref>{{cite web |url=http://www.thomhartmann.com/people/ravi-batra |title=Dr Ravi Batra : Profile & Bio |publisher=Thom Hartman |access-date=2011-08-01 }}</ref>
and featured in numerous publications.<ref>{{cite web |url=http://archive.fwweekly.com/content.asp?article=7369 |title=Prophet of Boom (and Bust) – Now will they listen to Ravi Batra? |publisher=Fort Worth Weekly |author=Kendall Anderson |access-date=2011-08-01 |date=2008-12-17 }}</ref><ref>{{cite web |url=http://www.fwweekly.com/index.php?option=com_content&view=article&id=3502&limitstart=1 |title=The U.S. Economy: Still a House of Cards |publisher=Fort Worth Weekly |author=Gayle Reaves |access-date=2011-08-01 |date=2010-06-02 }}</ref>

== Academic career ==
Batra obtained his B.A. degree from [[Panjab University, Chandigarh|Punjab University]] in 1963 and M.A. degree from [[Delhi School of Economics]] in 1965. In 1969 he received his Ph.D. in economics from [[Southern Illinois University]]. He became [[assistant professor]] of [[economics]] at the [[University of Western Ontario]] in 1969. He moved to [[Southern Methodist University]] in [[Dallas, Texas]], in 1970 to become assistant professor of economics. In 1972, he became [[associate professor]], and in 1973 he was appointed full [[professor]] of economics and [[Chairman|head of department]] at the age of 30. Prior to 1978 he published advanced theoretical articles and two books, primarily in the field of trade theory.<ref name="Hayes"/>

== Spiritual heritage ==
Batra's writings should be considered in terms of the philosophy of his mentor, [[Prabhat Ranjan Sarkar]], who has had a profound influence on him.<ref name="Hayes"/>

== Novel ideas ==
In 1963, Batra met his mentor, P.R. Sarkar (1921–1990), and after establishing himself in his chosen field, he decided to branch out by contributing to his mentor's work.<ref name="Hayes"/> In 1978, he published a novel book ''[[The Downfall of Capitalism and Communism|The Downfall of Capitalism and Communism: A New 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 [[Social class|classes]] with different psychological preferences or endowments. At the same time, Batra has theorised that [[economic inequality]] affects economic performance and social change.<ref>{{cite web|url=http://catalogue.nla.gov.au/Record/358815 |title=Regular economic cycles : money, inflation, regulation and depressions, Venus Books, 1985 |author=Ravi Batra|access-date=October 13, 2011}}</ref> He popularised the concept of the "share of wealth held by richest 1%", as an indicator of inequality and an important determinant of depressions.<ref>{{cite news|url=https://www.nytimes.com/1988/01/06/books/best-sellers-from-1987-s-book-crop.html?pagewanted=all&src=pm|title=Best Sellers From 1987's Book Crop |access-date=October 13, 2011|work=New York Times|first=Edwin|last=McDowell|date=1988-01-06}}</ref>

=== Social evolution ===
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 [[commander]]s 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 [[Stock market bubble|booms]] and [[Stock market crash|busts]]. A [[Great Depression|depression]] would then follow and as it came on top of extreme inequality it would quickly bring [[wikt:chaos|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 [[social order|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 [[Roman Senate|Senators]]. The military class, led by his adopted son [[Augustus|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 [[Outer space|space]], heralding a new age of commanders in the [[Western world|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 (political)|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 ==
{{main|The Great Depression of 1990}}
Ravi Batra is the author of six international bestsellers, two of which appeared on [[The New York Times Best Seller list|''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.<ref>{{cite web|url=https://www.nytimes.com/1988/01/06/books/best-sellers-from-1987-s-book-crop.html?src=pm|title=Best Sellers From 1987's Book Crop|author=Edwin McDowell|work=New York Times|date=January 6, 1988|access-date=January 10, 2012}}</ref>

== Outcomes of predictions ==
Batra predicted a full scale depression in the US in 1990; it did not happen.<ref>{{cite web|url=http://www.newyorkfed.org/research/current_issues/ci9-4.pdf|title=Now and Then: The Evolution of Loan Quality for U.S. Banks, Volume 9, Number 4|author=Kevin J. Stiroh and Christopher Metli|publisher=Federal Reserve Bank of New York|date=April 2003|access-date=January 10, 2012}}</ref> Batra's reputation rose in Europe on account of his correct prediction for the downfall 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. In 1993, Batra received the [[Ig Nobel Prize]] in economics.

On September 9, 2007, Batra predicted

<blockquote>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.<ref>{{cite web|url=http://www.c4chaos.com/2011/11/why-ravi-batra-is-my-kind-of-kick-ass-economist-for-the-99/ |title=Why Ravi Batra is My Kind of Kick-Ass Economist for the 99%!|publisher=C4CHAOS blog|date=November 14, 2011 |access-date=November 20, 2011}}</ref></blockquote>

== Recent works ==
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.<ref>{{cite web|url=http://www.fondsexklusiv.at/inhalt/print-ausgaben/tango-korrupti.html|title=Tango Korrupti|date=2010-05-27|publisher=Fonds Exklusiv|access-date=2011-10-29}}</ref>

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:

<blockquote>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)<ref>{{Cite book|title = The New Golden Age: The Coming Revolution against Political Corruption and Economic Chaos|isbn = 978-1403975799|last1 = Batra|first1 = Ravi|last2 = Batra|first2 = Raveendra N.|date = 2007-01-09|url = https://archive.org/details/newgoldenagecomi0000batr}}</ref></blockquote>

== Bibliography ==

=== Books ===
* {{cite book | last = Batra | first = Raveendra | title = Studies in the pure theory of international trade | publisher = St. Martin's Press | location = New York | year = 1989 | isbn = 9780312772109 }}
* {{cite book | last = Batra | first = Raveendra | title = The pure theory of international trade under undercertainty | publisher = Macmillan | location = London | year = 1975 | isbn = 9780333165607 | url = https://archive.org/details/puretheoryofinte0000batr_d9v0 }}
* {{cite book | last = Batra | first = Raveendra N. | title = [[The Downfall of Capitalism and Communism|The Downfall of Capitalism and Communism: A New Study of History]] | publisher = Macmillan | location = London | year = 1978 | isbn = 9780333216453 }}
* {{cite book | last = Batra | first = Raveendra | title = Regular economic cycles: money, inflation, regulation and depressions | publisher = St. Martin's Press | location = New York | year = 1989 | isbn = 9780312032609 | url-access = registration | url = https://archive.org/details/regulareconomicc0000batr }}
* {{cite book | last = Batra | first = Raveendra | title = The great depression of 1990: Why it's got to happen – How to protect yourself | publisher = Simon & Schuster | location = New York | year = 1987 | isbn = 9780671640224 | title-link = The Great Depression of 1990 }}
* {{cite book | last = Batra | first = Raveendra | title = Surviving the great depression of 1990: protect your assets and investments – and come out on top | publisher = Dell Publishing | location = New York | year = 1989 | isbn = 9780440204619 }}
* {{cite book | last = Batra | first = Raveendra | title = Progressive utilization theory: Prout: an economic solution to poverty in the Third World | publisher = Ananda Marga Publications | location = Ermita, Manila, Philippines | year = 1989 | isbn = 9789718623077 }}
* {{cite book | last = Batra | first = Ravi | title = The downfall of capitalism and communism: can capitalism be saved | publisher = Venus Books Distributed by Taylor Pub. Co | location = Dallas, Texas | year = 1990 | isbn = 9780939352098 | title-link = The Downfall of Capitalism and Communism }}
* {{cite book | last = Batra | first = Ravi | title = The myth of free trade: a plan for America's economic revival | publisher = C. Scribner's Sons Maxwell Macmillan Canada Maxwell Macmillan International | location = New York Toronto New York | year = 1993 | isbn = 9780684195926 }}
* {{cite book | last = Batra | first = Ravi | title = The great American deception: what politicians won't tell you about our economy and your future | url = https://archive.org/details/greatamericandec0000batr | url-access = registration | publisher = John Wiley & Sons | location = New York | year = 1996 | isbn = 9780471165569 }}
* {{cite book | last = Batra | first = Ravi | title = The crash of the millennium: surviving the coming inflationary depression | publisher = Harmony Books | location = New York | year = 1999 | isbn = 9780609605127 | url = https://archive.org/details/crashofmillenniu00ravi }}
* {{cite book | last = Batra | first = Ravi | title = Common sense macroeconomics | publisher = Liberty Press | location = Richardson, Texas | year = 2003 | isbn = 9780939352869 }}
* {{cite book | last = Batra | first = Ravi | title = Greenspan's fraud: how two decades of his policies have undermined the global economy | publisher = Palgrave Macmillan | location = New York | year = 2005 | isbn = 9781403968593 }}
* {{cite book | last = Batra | first = Ravi | title = The new golden age: the coming revolution against political corruption and economic chaos | publisher = Palgrave Macmillan | location = New York | year = 2007 | isbn = 9781403975799 | url = https://archive.org/details/newgoldenagecomi0000batr }}
* {{cite book | last = Batra | first = Ravi | title = End unemployment now: how to eliminate joblessness, debt, and poverty despite congress | publisher = Palgrave Macmillan | location = New York | year = 2015 | isbn = 9781137280077 }}

=== Journal articles ===
* {{Cite journal | last1 = Batra | first1 = Raveendra N. | last2 = Pattanaik | first2 = Prasanta K. | author-link2 = Prasanta Pattanaik | title = On some suggestions for having non-binary social choice functions | journal = Theory and Decision | volume = 3 | issue = 1 | pages = 1–11 | publisher = Springer | doi = 10.1007/BF00139349 | date = October 1972 }}
* {{Cite journal | last1 = Batra | first1 = Ravi | last2 = Beladi | first2 = Hamid | title = The US trade deficit and the rate of interest | journal = Review of International Economics | volume = 21 | issue = 4 | pages = 614–626 | publisher = Wiley Online | doi = 10.1111/roie.12059 | date = September 2013 }}
* {{Cite journal | last1 = Batra | first1 = Ravi | last2 = Beladi | first2 = Hamid | title = Foreign capital and urban congestion in emerging markets | journal = Review of Development Economics | volume = 17 | issue = 4 | pages = 676–684 | publisher = Wiley Online | doi = 10.1111/rode.12058 | date = November 2013 }}

== See also ==
* [[Free trade controversy]]
* [[Progressive utilization theory]]

==References==
{{Reflist|2}}

==External links==
* {{official website|http://www.ravibatra.com}}
* [http://www.smu.edu/Dedman/FacultyAndStaff/Directory/BatraRaveendraN Southern Methodist University]

{{Globalization}}
{{Authority control}}

{{DEFAULTSORT:Batra, Ravi}}
[[Category:1943 births]]
[[Category:American Hindus]]
[[Category:American male non-fiction writers]]
[[Category:American people of Punjabi descent]]
[[Category:Delhi School of Economics alumni]]
[[Category:Futurologists]]
[[Category:Indian emigrants to the United States]]
[[Category:Living people]]
[[Category:People from Dallas]]
[[Category:People from Multan]]
[[Category:Punjabi academics]]
[[Category:Pakistani exiles]]
[[Category:Southern Illinois University Carbondale alumni]]
[[Category:Southern Methodist University faculty]]
[[Category:University of Western Ontario faculty]]
[[Category:Writers about globalization]]
[[Category:Economists from Texas]]
[[Category:21st-century American economists]]