Kaushik Basu
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This is the story of Bandhan, the only bank that emerged in eastern India after Independence. Founded by the son of a sweet vendor, with a mere Rs 2 lakh, the sum total of his life savings.
On 17 June, 2015, Chandra Shekhar Ghosh stepped out of the Reserve Bank of India building in Mumbai with the much-coveted banking licence, beating some of the countrys top corporate houses. This moment compensated for all the frustrations that had come along the way. A year ...
In recent years issues like caste discrimination and social exclusion have been discussed extensively in India. However, while the linkages between caste and society have been studied widely, the interface between caste and economy or economic development remains an under-researched terrain. Blocked by Caste explores contemporary patterns of economic discrimination faced by Dalits and religious minorities like Muslims and the underlying attitudinal orientations ...
Few studies have systematically analysed the link between agrarian structures and agricultural growth. This book covers recent advances in the theory of agrarian relations, discusses these in the Indian context, and analyses the performance of Indian agriculture. It highlights new theoretical insights in the extensive literature on sharecropping, credit markets and labour markets. It also analyses issues such as coercion and freedom, and argues for locating the ...
In the last few decades, interest in development economics has been revived by several factors, including the remarkable growth of some developing economies, the massive international debt build-up of others, new research findings regarding endogenous growth, and the emergence of the theory of agrarian organization. What has also aided this revival is the awareness that, with the emergence of modern communications and the increased flow of goods, capital and even ...
This is an important collection of papers by leading researchers in three broad areas: capital-investment theory, development and welfare economics, and issues related to capitalism and socialism. Contributors include Paul A. Samuelson, Amartya Sen, T.N. Srinivasan, Jan Tinbergen, Amit Bhaduri, Amitava Bose and Pranab Bardhan, among others. Some chapters in the volume provide a comprehensive overview of the relevant literature. Others use a more formal ...
This volume is an important contribution to the growing discussion on governments versus markets. The early debate was comparatively uncomplicated. Should there be a big government or one with a smaller role? Should we have free markets with no government intervention or let the state run the economy? The battle-lines were clearly drawn and economists, policy-makers and social commentators took sides according to their beliefs, intellectual orientation, and ...
India's Emerging Economy Performance and prospects in the 1990s and beyond. India's economy over the last decade looks in many ways like a success story; after a major economic crisis in 1991, followed by bold reform measures, the economy has experienced a rapid economic growth rate, more foreign investment, and a boom in the information technology sector. Yet many in the country still suffer from crushing poverty, and social and political unrest remains a ...
The rise of game theory around the middle of the twentieth century has profoundly affected the way economic theory is practised. Game theory provides a general analytical tool for theorizing on parts of the economy where strategic considerations loom large. This volume is a collection of Kaushik Basu's papers on game theory and, more generally, strategic analysis. It includes papers in both pure and applied theory. The theoretical papers lay greater emphasis on ...
Kaushik Basu's work has played a significant role in the transformation of development economics from being a largely descriptive, longwinded, and unstructured discipline, to a much more rigorous and theoretically well-founded one. The field of development economics has witnessed dramatic change over the past two or three decades. The subject, though still among the most challenging sub-disciplines of economics, has drawn on the benefits on the rise of game ...
As we get into the twenty-first century, the concept of 'the Indian economy' has come to encompass a mind-boggling array of topics, phenomena, and complexities. Understanding India's economy is not just an intellectual challenge, but, with the country emerging as a major global economy, also a requirement. This unique volume, the first comprehensive resource of its kind on the contemporary Indian economy, aims to address this need. Culled from the collective ...
This accessible and stimulating book on some of the major political and economic issues of our time will delight all readers and astonish anyone who thinks economics is unconnected with literary elegance. Known for his work on economic theory, Kaushik Basu has over the past decade also consolidated his already considerable reputation as a writer who can explain complex issues with disarming ease. This book contains an expanded and reworked selection ...
Amartya Sen made deep and lasting contributions to the academic disciplines of economics, philosophy, and the social sciences more broadly. He has engaged in policy dialogue and public debate, advancing the cause of a human development focused policy agenda, and a tolerant and democratic polity. This argumentative Indian has made the case for the poorest of the poor, and for plurality in cultural perspective. It is not surprising that he has won the highest ...