The State of Economics, the State of the World

Name: The State of Economics, the State of the World
Brand: Atlantic Books
SKU: 9780262554077
Price: 4606.0 INR
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by Kaushik Basu , David Rosenblatt , Claudia Sepulveda

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ISBN13: 9780262554077
Binding: Paperback
Subject: N/A
Publisher: MIT Press
Publisher Imprint: MIT Press
Publication Date: February 4, 2025
Pages: 552
Original Price: GBP 31.54
Language: English
Edition: N/A
Item Weight: 803 grams
BISAC Subject(s): Development / Economic Development

About The Book

Leading economists address the ongoing challenges to economics in theory and practice in a time of political and economic crises.

More than a decade of financial crises, sovereign debt problems, political conflict, and rising xenophobia and protectionism has left the global economy unsettled and the ability of economics as a discipline to account for episodes of volatility uncertain. In this book, leading economists consider the state of their discipline in a world of ongoing economic and political crises.

The book begins with three sweeping essays by Nobel laureates Kenneth Arrow (in one of his last published works), Amartya Sen, and Joseph Stiglitz that offer a summary of the theoretical foundations of modern economics--the twin pillars of general equilibrium theory and welfare economics. Contributors then turn to macroeconomic stabilization and growth and, finally, new areas of research that depart from traditional theory, methodology, and concerns: climate change, behavioral economics, and evolutionary game theory. The 2019 Nobel Prize laureates, Abhijit Banerjee, Esther Duflo, and Michael Kremer, contribute a paper on the use of randomized control trials indevelopment economics.

About The Author

Kaushik Basu is C. Marks Professor of International Studies at Cornell University and former Senior Vice President and Chief Economist at the World Bank. He is the author of An Economist in the Real World (MIT Press).

David Rosenblatt is Regional Economic Adviser, Caribbean Country Department, Inter-American Development Bank.

Claudia Sepúlveda is Lead Economist in the Development Economics Vice Presidency at the World Bank.

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