Kaushik Basu

C. Marks Professor of International Studies and Professor of Economics,
Dpartment of Economics, Cornell University; Ithaca, NY, 14853

Currently on leave from Cornell as:
Chief Economic Adviser
Government of India
Ministry of Finance
New Delhi

Tel: 607-255-2525; Fax: 607-255-2818; E-mail: kb40@cornell.edu
For my personal web page, see: http://www.kaushikbasu.org

Recent Research:

"A Simple Model of the Financial Crisis of 2007-9 with Implications for the Design of a Stimulus Package," CAE Working Paper, 09-11, 2009.
"The Mechanics of Central Bank Interventions in Foreign Exchange Markets," CAE Working Paper, 09-02, 2009.
"Child Labor and Household Wealth: Theory and Empirical Evidence of an Inverted-U," Journal of Development Economics, 2009, forthcoming.
"Children, Education, Labor and Land: In the Long Run and Short," (with Talia Bar), Journal of the European Economic Association, 2009, Vol. 7, pp. 487-497.
"Is Product Boycott a Good Idea for Controlling Child Labor? A Theoretical Investigation," (with Homa Zarghamee) Journal of Development Economics, 2009, Vol. 88, pp. 217-220.
"Literacies, Identities and Social Change: Interdisciplinary Approaches to Literacy and Development (joint w/Bryan Maddox and Anna Robinson-Pant), Journal of Development Studies, 2008.
"India’s Dilemmas: The Political Economy of Policy-Making in a Globalized World," Economic and Political Weekly, 2008.
"The Enigma of India’s Arrival", Journal of Economic Literature, 2008.
"A Theory of Efficiency Wage with Multiple Unemployment Equilibria: How a Higher Minimum Wage Law Can Curb Unemployment," (with Amanda Felkey) Oxford Economic Papers, 2008.
"Famines", Encyclopedia Britannica, 2008.
"How Poor Farmers Behave: Interpreting ‘Irrationality’", Man and Society, June 2008.
"Labor Retrenchment Laws and their Effect on Wages and Employment: A Theoretical Investigation," (with Gary Fields and Shub Debgupta), in Dutta, Bhaskar, Ray, Tridip and Sommanathan, E. (eds.), Development and Change, World Scientific Publishers, 2008.
"A New and Easy-to-Use Measure of Literacy, Its Axiomatic Properties and an Application," (with J. Travis Lee), Social Choice and Welfare, 2008.
Collected Theoretical Papers in Economics, Volume 1: Development, Markets and Institutions, Oxford University Press, 2005. View Comments
Collected Theoretical Papers in Economics, Volume 2: Rationality, Games and Strategic Behavior, Oxford University Press, 2005. View Comments
Collected Theoretical Papers in Economics, Volume 3: Welfare Law and Globilization, Oxford University Press, 2007. View Comments
"On the Existence of Paretian Social Welfare Relations for Infinite Utility Streams with Extended Anonymity," (with T. Mitra), in John Roemer and Kotaro Suzumura (eds.), Intergenerational Equity and Sustainability, Palgrave, 2007.
"Possibility Theorems for Aggregating Infinite Utility Streams," (with T. Mitra), in John Roemer and Kotaro Suzumura (eds.), Intergenerational Equity and Sustainability, Palgrave, 2007.
Retreat of Democracy and Other Interant Essays, New Delhi: Permanent Black, 2007.
(editor) Oxford Companion to Economics in India, New Delhi: Oxford University Press, 2007.
"The Traveler's Dilemma," Scientific American, vol. 296, No. 6, June 2007.
"Coercion, Contract and the Limits of the Market," (based on the Colin Clark Lecture to the Australasian Meetings of the Econometric Society), Social Choice and Welfare, 2007.
"The Patterns and Causes of Economic Growth in India," (with Annemie Maertens), Oxford Review of Economic Policy, 2007.
"Utilitarianism for Infinite Utility Streams: A New Welfare Criterion and Its Axiomatic Characterization," (with Tapan Mitra) Journal of Economic Theory, vol. 133, 2007.
"Human Rights as Instruments of Emancipation and Economic Development,"in S. Hertel and A. Minkler (eds.), Economic Rights: Conceptual, Measurement, and Policy Issues, Cambridge: Cambridge University Press, 2007.
"Gender and Say: A Model of Household Behavior with Endogenously-Determined Balance of Power,"Economic Journal, April, 2006.
"Globalization, Poverty and Inequality: What is the Relationship? What can be Done?,"World Development, 2006.
"International Credit and Welfare: A Paradoxical Theorem and its Policy Implications," (with Hodaka Morita), European Economic Review, 2006.
"Consumer Cognition and Pricing in the 9's in Oligopolistic Markets,"Journal of Economics and Management Strategy, 2006.