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An Economist in the Real World : The Art of Policymaking in India

by Kaushik Basu
An Economist in the Real World : The Art of Policymaking in India - Thryft
An Economist in the Real World : The Art of Policymaking in India - Thryft
Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

An Economist in the Real World : The Art of Policymaking in India

by Kaushik Basu
Condition guide

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ISBN: 9780670088751
Authors: Kaushik Basu
Publisher: Penguin Books India
Date of Publication: 2016-02-01
Format: Hardcover
Related Collections: Politics, Economics
Goodreads rating: 4.05
(rated by 216 readers)

Description

In December 2009, economist Kaushik Basuleft the rarefied world of academic research forthe nuts and bolts of policymaking. Appointedby the then prime minister of India, ManmohanSingh, to be chief economic adviser (CEA) to theGovernment of India, Basu—a theorist, with specialinterest in development economics—discoveredthe complexity of applying economic models to thereal world. Effective policymaking, Basu learned,integrates technical knowledge with politicalawareness. In this book, Basu describes the artof economic policymaking, viewed through thelens of his two and a half years as CEA.Neither a career bureaucrat nor a traditional researcher, Basu, having plunged into the deal-making, non-hypotheticalworld of policymaking, suffers from a kindof culture shock and views himself as ananthropologist, gathering observations of unfamiliarphenomena. He addresses topics that range fromthe macroeconomic—fiscal and monetary policies—to the granular—designing grain auctions andpolicies to ensure that everyone has access to basicfood Basu describes the mixed success of India’santi-poverty programmes and the problems ofcorruption, and considers the social norms andinstitutions necessary for economic development.India, Basu argues, is at an economics crossroads.
 
Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.