Download PDF by Kaushik Basu: An Economist in the Real World: The Art of Policymaking in

By Kaushik Basu

ISBN-10: 0262029626

ISBN-13: 9780262029629

ISBN-10: 026253455X

ISBN-13: 9780262534550

In December 2009, the economist Kaushik Basu left the rarefied global of educational examine for the nuts and bolts of policymaking. Appointed via the then leading Minister of India, Manmohan Singh, to be leader financial adviser (CEA) to the govt of India, Basu -- a theorist, with specific curiosity in improvement economics, and a professor of economics at Cornell college -- came across the complexity of employing financial versions to the genuine global. potent policymaking, Basu realized, integrates technical wisdom with political understanding. during this booklet, Basu describes the artwork of financial policymaking, seen throughout the lens of his and a part years as CEA.Basu writes from a distinct viewpoint -- neither that of the profession bureaucrat nor that of the normal researcher. Plunged into the deal-making, non-hypothetical global of policymaking, Basu suffers from a type of tradition surprise and perspectives himself in the beginning as an anthropologist or scientist, collecting observations of unusual phenomena. He addresses subject matters that variety from the macroeconomic -- monetary and financial rules -- to the granular -- designing grain auctions and rules to guarantee every body has entry to uncomplicated meals. Basu writes approximately globalization and India's interval of extraordinary progress, and he studies that at a dinner hosted by way of leading Minister Manmohan Singh, President Obama joked to him, "You may still provide this man a few counsel" -- "this man" being Timothy Geithner. Basu describes the combined luck of India's anti-poverty courses and the issues of corruption, and considers the social norms and associations valuable for fiscal improvement. India is, Basu argues, at an economics crossroad. As CEA from 2009 to 2012, he used to be current on the construction of a possible fiscal powerhouse.

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An Economist in the Real World: The Art of Policymaking in India (MIT Press) by Kaushik Basu

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