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'Philosophy has to be deductive, poetry romantic, plays and fiction humorous, and politics intriguing if they are to catch my attention,' writes Kaushik Basu. All these interests are on display in An Economist's Miscellany, which brings together an eclectic collection of writings on the world of academe, politics, policy, travel, and more. This book offers unique glimpses of the author's engagement with the world: his opinions on contemporary policies and economic issues; his exploration of different parts of the world; and his reflections on people, ideas, and books that have influenced him. An Economist's Miscellany also puts on display his literary forays-translations of two hilarious Bengali short stories and a four-act play on academe, love, and cultural misunderstandings. This second and much-expanded edition of the book features a new set of essays that reflects the author's dual perspective of the world: one from the groves of academe and one from the policymaker's perch, in New Delhi and in Washington, DC. In the world of policymaking he was not just an observer but an active participant, and many of the new essays dwell on ideas gathered from this hands-on engagement.
Kaushik Basu is Professor of Economics and Carl Marks Professor of International Studies, Cornell University, USA.
Contents Prologue Introduction to the Second Edition PART ONE: MAKING INTRODUCTIONS 1. Entering North BlockThe Last Column, The First WeekLife in the Heart of Indian Government 2. Ambiguity, Equivocation, and Economics PART TWO: ACADEMIC TRANSGRESSIONS 3. Policy: Foreign and Domestic China's Power and Corbett's Gun The ABC of 123 India Globalizing A Higher OpportunityThe Ethics of Reducing Inequality 4. On the Road A Traveller's Guide India's Wild East Among the Zapotecs Economics and Zen in Munich Namaste: Welcome to Israel Praying in the Foothills of Mount Fuji The Maharaja Disappoints 55Taking Off: Airports and EconomicsFragments from an Africa Diary: Johannesburg, Pretoria, and DiepslootSamoa Diary Bhutan: Development Economics in the HimalayasPostcard from Malaysia: Through the Fog, GentlyA Hinduism more TolerantIn Good Faith: A Journey, An EducationAn Evening in FlorenceThe Turin MiracleDoes god exist? There Are Several Possible Hypotheses? 5. Persons and Ideas Amartya Sen: Re-inventing Himself Prasanta Pattanaik: A Fine Theorist Engels and the Quest for a Better World Paul Samuelson and the Foundations of Economics In Praise of Doubt Kenneth Arrow: Possibly the Most Important Economist of the Twentieth CenturyJohn Nash: The Shakespeare of EconomicsThe Anti-Argumentative Indian: Amartya SenThe Angry Intellectual: Ashok MitraThe Problem of ChoiceStiglitz's Sticky PricesManmohan Singh: A Quiet Courage 6. Culture and Economics Art and Commerce Markets and Aesthetics Norms and Prosperity Trust and Development Where India Is Ahead of China 7. Conundrums of Finance and Economics Burning Cash: A Finance Conundrum Why Some Financial Products Should be on Prescription Financial Scams and Ponzis Acquiring Land for Industry Bureaucratic Reform in India Labour Market Reform in India Whither Social Progress? Same-Sex Preference and Rights Evidence-Based Policy MistakesThe Ease of Doing Business Comes with Trade-Offs 8. Medley 106Are We Becoming Over-Cautious? My Worst Lectures India at 60 Mother at 90 PART THREE: CONTEMPORARY POLICY EXCURSIONS 9. India and the WorldIn India, Black Money makes for Bad PolicyIndia and the Visible Hand of the MarketResisting the Moral RetreatAnger Isn't EnoughTrump's Gift to ChinaFacing the SlowdownIn the Name of Education 10. Inequality and Labour PainsThe Insecurity of Inequality Experts and Inequality Inequality in the Twenty First Century The World Economy's Labour Pains Profit Sharing NowThe Rich Can Fight Inequality, Too 11. The Global ChallengeAmerica's Dangerous Neo-Protectionism Reviving India's Economy A Currency Crash Course for PoliticiansWhy is Democracy Faltering? A Thimbleful of OptimismThe Case for a Global ConstitutionThe Language of Conflict PART FOUR: LITERARY TRANSLATIONS By Debt If Need Be The Birth of a New God PART FIVE: DRAMATURGIC INCURSIONS Crossings at Benaras Junction PART SIX: END OF ALLITERATIONS Duidoku and Ultimate Duidoku
Kaushik Basu, Cornell University) Basu, Kaushik (Professor of Economics and C. Marks Professor, Department of Economics, Professor of Economics and C. Marks Professor, Department of Economics