The State of Economics, the State of the World

Kaushik Basu, David Rosenblatt, Claudia Sepulveda , Shantayanan Devarajan

$79.99

Paperback

Forthcoming
Pre-Order now

QTY:

English

MIT Press
04 February 2025

Economic growth

Leading economists address the ongoing challenges to economics in theory and practice in a time of political and economic crises.

Leading economists address the ongoing challenges to economics in theory and practice in a time of political and economic crises.

More than a decade of financial crises, sovereign debt problems, political conflict, and rising xenophobia and protectionism has left the global economy unsettled and the ability of economics as a discipline to account for episodes of volatility uncertain. In this book, leading economists consider the state of their discipline in a world of ongoing economic and political crises.

The book begins with three sweeping essays by Nobel laureates Kenneth Arrow (in one of his last published works), Amartya Sen, and Joseph Stiglitz that offer a summary of the theoretical foundations of modern economics-the twin pillars of general equilibrium theory and welfare economics. Contributors then turn to macroeconomic stabilization and growth and, finally, new areas of research that depart from traditional theory, methodology, and concerns- climate change, behavioral economics, and evolutionary game theory. The 2019 Nobel Prize laureates, Abhijit Banerjee, Esther Duflo, and Michael Kremer, contribute a paper on the use of randomized control trials indevelopment economics.

Commentaries by: Shantayanan Devarajan, Karla Hoff
Edited by: Kaushik Basu, David Rosenblatt, Claudia Sepulveda
Imprint: MIT Press
Country of Publication: United States
Dimensions: Height: 229mm, Width: 152mm,
Weight: 369g
ISBN: 9780262554077
ISBN 10: 0262554070
Pages: 552
Publication Date: 04 February 2025
Audience: General/trade , ELT Advanced
Format: Paperback
Publisher's Status: Forthcoming

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). David Rosenblatt is Regional Economic Adviser, Caribbean Country Department, Inter-American Development Bank. Claudia Sepolveda is Lead Economist in the Development Economics Vice Presidency at the World Bank.