Collected Papers In Theoretical Economics: Economic Policy and Its Theoretical Bases

Kaushik Basu is Professor of Economics and C. Marks Professor of International Studies at Cornell University. He was formerly Chief Economist and Senior Vice President of the World Bank and prior to that Chief Economic Adviser to the Indian Government. Professor Basu has published widely in several fields, including development economics, game theory, welfare economics and law and economics. He has also published in the popular press, including the New York Times, BBC news online and the Indian Express. He has received honorary doctorates from several universities and IIT Bombay. In 2008 he was awarded the Padma Bhushan by the President of India.

[1] Introduction

PART I REGULATION, FINANCE AND CORRUPTION

[2] Why, for a Certain Class of Bribes, the Act of Giving a Bribe should be
Treated as Legal

[3] Too Small to Regulate - Kaushik Basu & Avinash Dixit

[4] A Marketing Scheme for Making Money off Innocent People: A User's Manual

[5] A Simple Model of the Financial Crisis of 2007-2009, with Implications for the
Design of a Stimulus Package

[6] Non-Recourse Mortgages and Credit Market Breakdowns: A Framework for
Policy Analysis

PART II POLICYMAKING IN A GLOBAL ECONOMY

[7] Globalization of Labor Markets and Growth Prospects of Nations

[8] International Lending, Sovereign Debt and Joint Liability: An Economic Theory
Model for Amending the Treaty of Lisbon (written jointly with Joseph Stiglitz)

[9] How to Devalue Exchange Rates without Building up Reserves: Strategic
Theory for Central Banking

[10] The Art of Currency Manipulation: How Some Profiteer by Deliberately
Distorting Exchange Rates

PART III THE INDIAN ECONOMY: DIVERSE CONCERNS

[11] China and India: Idiosyncratic Paths to High Growth and the Risks of Stalling

[12] The Rise of the Indian Economy: Fiscal, Monetary and Other Policy
Challenges

[13] India's Food grain Policy: An Economic Theory Perspective

[14] Understanding Inflation and Managing It

[15] Child Labor and Household Wealth: Theory and Empirical Evidence of an
Inverted-U (with Sanghamitra Das and Bhaskar Dutta)

PART IV THEORY AND METHOD

[16] Fiscal Policy as Instrument of Investment and Development

[17] Does Economic Theory Influence Government Policy.

[18] Randomization, Causality and the Role of Reasoned Intuition