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Collected Papers in Theoretical Economics: Development, Markets, and Institutions

Collected Papers in Theoretical Economics: Development, Markets, and Institutions


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About the Book

The field of development economics has witnessed major changes over the last tow or three decades. From being a largely descriptive discipline, it has now become much more rigorous and theoretically well-founded. Kaushik Basu s work has played a significant role in this transformation of development economics, and the present book is a collection of his major papers in the field. Theoretical development is a difficult discipline because it entails the use of good economic theory but at the same time requires that the researcher keep a keen eye-an anthropologist s eye-on reality. This collection illustrates this method of research well as it ranges from commenting on contentious subjects, such as the design of policy to combat child labour, through the role of social norms in explaining why certain unwanted economic institutions persist, to how literacy ought to be measured.

Table of Contents:
I. Introduction Part I. Measuring Development 2. On the Goals of Development 3. On Measuring Literacy 4. The Greying of Populations: Concepts and Measurement Part II. Institutions, Norms and Power 5. One Kind of Power 6. A Theory of Association: Social Status, Prices, and Markets 7. Civil Institutions and Evolution: Concepts, Critique and Models Part III. Agrarian Organization 8. Technological Stagnation, Tenurial Laws and Adverse Selection 9. The Market for Land: An Analysis of Interim Transactions 10. Disneyland Monopoly, Interlinkage and Usurious Interest Rates 11. Fragmented Duopoly: Theory and Applications to Backward Agriculture 12. The Broth and the Cooks: A Theory of Surplus Labour 13. Limited Liability and the Existence of Share Tenancy Part IV. International Labour Standards and Child Labour 14. Compacts, Conventions and Codes: Initiatives for Higher International Labour Standards 15. The Economics of Child Labour 16. A Note on Multiple General Equilibria w ith Child Labour 17. On the Intriguing Relation between Adult Minimum Wage and Child Labour 18. Child Labour: Cause, Consequence, and Cure, with Remarks on International Labour

About the Author :
BASU, KAUSHIK

Review :
"It is wonderful to see Kaushik Basu's papers being put together in these volumes. His works have greatly enriched economics and the social sciences, and it is extremely useful to have these essays collected together in this way. This is quite an event for the discipline."-- Amartya Sen, Harvard University 1998 Nobel Laureate in Economics "Kaushik Basu is a world-class economist. He also writes gloriously. This unusual combination of talents and achievements makes his essays both a pleasure to read and a source of much instruction." -- Jagdish Bhagwati, Columbia University "Basu's papers achieve the ideal of all economics. He not only shows how humans behave, but he also shows how such knowledge can be used to create a more humane world. Could there be more to accomplish?"-- George Akerlof, University of California, Berkeley 2001 Nobel Laureate in Economics


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Product Details
  • ISBN-13: 9780195667615
  • Publisher: OUP India
  • Publisher Imprint: OUP India
  • Language: English
  • Weight: 682 gr
  • ISBN-10: 0195667611
  • Publisher Date: 01 Sep 2004
  • Binding: Hardback
  • Sub Title: Development, Markets, and Institutions


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