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'''Raveendra Nath "Ravi" Batra''' (born June 27, 1943) is an [[Indian American|Indian-American]] [[economics|economist]], author, and professor at [[Southern Methodist University]]. Batra is the author of six international bestsellers, 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 around the main thesis 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 |accessdate=2011-08-01 |year=1999}}</ref> | '''Raveendra Nath "Ravi" Batra''' (born June 27, 1943) is an [[:wikipedia:Indian American|Indian-American]] [[:wikipedia:economics|economist]], author, and professor at [[:wikipedia:Southern Methodist University|Southern Methodist University]]. Batra is the author of six international bestsellers, two of which appeared on [[:wikipedia:The New York Times Best Seller list|The New York Times Best Seller list]], with one ([[:wikipedia:The Great Depression of 1990|The Great Depression of 1990]]) reaching #1 in late 1987. His books center around the main thesis that [[:wikipedia:financial capitalism|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 |accessdate=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. | 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>{{cite news |url=http://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? |publisher=New York Times |accessdate=2011-08-01 |date=1987-08-30 |first=Thomas C. |last=Hayes }}</ref> | Ravi Batra has appeared on [[:wikipedia:CBS|CBS]], [[:wikipedia:NBC|NBC]], [[:wikipedia:CNN|CNN]], [[:wikipedia:American Broadcasting Company|ABC]], and [[:wikipedia:CNBC|CNBC]] and has been profiled in ''[[:wikipedia:The New York Times|The New York Times]]'',<ref>{{cite news |url=http://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? |publisher=New York Times |accessdate=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 |accessdate=2011-08-01 |date=1987-08-24 }}</ref> | ''[[:wikipedia: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 |accessdate=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 |accessdate=2011-08-01 |date=1993-07-11 }}</ref> | and ''[[:wikipedia:Newsweek|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 |accessdate=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 |accessdate=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 |publisher=Thom Hartman |accessdate=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 |accessdate=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 |accessdate=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 |accessdate=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 |accessdate=2011-08-01 |date=2010-06-02 }}</ref> | ||