WIN $150 GIFT VOUCHERS: ALADDIN'S GOLD

Close Notification

Your cart does not contain any items

An Economist in the Real World

The Art of Policymaking in India

Kaushik Basu (The World Bank)

$59.99

Paperback

Not in-store but you can order this
How long will it take?

QTY:

English
MIT Press
08 September 2017
"An economist's perspective on the nuts and bolts of economic policymaking, based on his experience as the Chief Economic Adviser in India. In December 2009, the economist Kaushik Basu left the rarefied world of academic research for the nuts and bolts of policymaking. Appointed by the then Prime Minister of India, Manmohan Singh, to be chief economic adviser (CEA) to the Government of India, Basu-a theorist, with special interest in development economics, and a professor of economics at Cornell University-discovered the complexity of applying economic models to the real world. Effective policymaking, Basu learned, integrates technical knowledge with political awareness. In this book, Basu describes the art of economic policymaking, viewed through the lens of his two and a half years as CEA.

Basu writes from a unique perspective-neither that of the career bureaucrat nor that of the traditional researcher. Plunged into the deal-making, non-hypothetical world of policymaking, Basu suffers from a kind of culture shock and views himself at first as an anthropologist or scientist, gathering observations of unfamiliar phenomena. He addresses topics that range from the macroeconomic-fiscal and monetary policies-to the granular-designing grain auctions and policies to assure everyone has access to basic food. Basu writes about globalization and India's period of unprecedented growth, and he reports that at a dinner hosted by Prime Minister Manmohan Singh, President Obama joked to him, ""You should give this guy some tips""-""this guy"" being Timothy Geithner. Basu describes the mixed success of India's anti-poverty programs and the problems of corruption, and considers the social norms and institutions necessary for economic development. India is, Basu argues, at an economics crossroad. As CEA from 2009 to 2012, he was present at the creation of a potential economic powerhouse."
By:  
Imprint:   MIT Press
Country of Publication:   United States
Dimensions:   Height: 229mm,  Width: 152mm,  Spine: 14mm
ISBN:   9780262534550
ISBN 10:   026253455X
Series:   An Economist in the Real World
Pages:   256
Publication Date:  
Recommended Age:   From 18 years
Audience:   Professional and scholarly ,  Undergraduate
Format:   Paperback
Publisher's Status:   Active

Kaushik Basu is C. Marks Professor of International Studies at Cornell University and former Senior Vice President and Chief Economist at the World Bank. He is the author of An Economist in the Real World (MIT Press).

See Inside

See Also