Collected Papers in Theoretical Economics Box Set (Vols I-IV)

Hardcover | August 15, 2010

byKaushik Basu

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Written over the last three decades, the four volume set of Kaushik Basu's Collected Papers deals with both the philosophical foundations of economics as well as a wide range of issues of immediate policy relevance. Basu's work plays a significant role in transforming development economicsfrom being a largely descriptive, long-winded, and unstructured discipline, to a much more rigorous and theoretically well-founded one. On one hand, the essays cover abstract topics such as the scope of utilitarianism, strategic analysis, game theoretic behaviour, and philosophical underpinnings ofindividualism. On the other, they also address urgent contemporary concerns such as labour standards, growing inequality in a globalized world, sexual harassment at the workplace, gender empowerment, and political origins of 'economic' crises.Volume I deals with the interaction between development, markets, and institutions. Volume II is a collection of papers on game theory and strategic analysis. Volume III focuses on welfare economics, law, and the making of global economic policy. Volume IV is a collection of the author'sinter-disciplinary essays straddling several of the social sciences and also the philosophical foundations of economics.

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Written over the last three decades, the four volume set of Kaushik Basu's Collected Papers deals with both the philosophical foundations of economics as well as a wide range of issues of immediate policy relevance. Basu's work plays a significant role in transforming development economicsfrom being a largely descriptive, long-winded, ...

Kaushik Basu is Chief Economic Adviser in the Ministry of Finance, Government of India, and C. Marks Professor in the Department of Economics at Cornell University.

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Format:HardcoverPublished:August 15, 2010Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0198069448

ISBN - 13:9780198069447

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Table of Contents

Collected Papers in Theoretical Economics I: Development, Market, and Institutions1. IntroductionPart I: Measuring Development2. On the Goals of Development3. On Measuring Literacy4. The Greying of Populations: Concepts and MeasurementPart II: Institutions, Norms, and Power5. One Kind of Power6. A Theory of Association: Social Status, Prices, and Markets7. Civil Institutions and Evolution: Concepts, Critique, and ModelsPart III: Agrarian Organization8. Technological Stagnation, Tenurial Laws, and Adverse Selection9. The Market for Land: An Analysis of Interim Transactions10. Disneyland Monopoly, Interlinkage, and Usurious Interest Rates11. Fragmented Duopoly: Theory and Applications to Backward Agriculture12. The Broth and the Cooks: A Theory of Surplus Labour13. Limited Liability and the Existence of Share TenancyPart IV: International Labour Standards and Child Labour14. Compacts, Conventions, and Codes: Initiatives for Higher International Labour Standards15. The Economics of Child Labour16. A Note on Multiple General Equilibria with Child Labour17. The Intriguing Relation between Adult Minimum Wage and Child Labour18. Child Labour: Cause, Consequence, and Cure, with Remarks on International Labour StandardsIndexCollected Papers in Theoretical Economics II: Rationality, Games, and Strategic Behaviour1. IntroductionI: Rationality and Social Norms2. The Traveller's Dilemma: Paradoxes of Rationality in Game Theory3. On Why We Do Not Try to Walk off without Paying after a Taxi-RidePart II: Games and Equilibrium Behaviour4. On the Non-existence of a Rationality Definition for Extensive Game5. Strategy Subsets Closed under Rational Behaviour6. Group Rationality, Utilitarianism, and Escher's Waterfall7. Information and Strategy in Iterated Prisoner's DilemmaPart III: Industrial Organization and Strategic Behaviour8. Monopoly, Quality Uncertainty, and 'Status Goods'9. Why Monopolists Prefer to Make their Goods Less Durable10. Entry-Deterrence in Stackelberg Perfect Equilibria11. Collusion in Finitely Repeated Oligopolies12. Stackelberg Equilibrium in Oligopoly: An Explanation Based on Managerial Incentives13. The Strategic Role of International Credit as an Instrument of Trade14. are So Many Goods Priced to End in Nine? And Why this Practice Hurts the ProducersPart IV: Governments, Games, and the Law15. Notes on Bribery and the Control of Corruption16. A Model of Monopoly with Strategic Government Intervention17. On Misunderstanding Government: An Analysis of the Art of Policy Advice18. The Economics of Tenant Rent ControlIndexCollected Papers in Theoretical Economics III: Welfare, Law, and Globalization1. IntroductionPart I: Welfare and Equilibrium2. Cardinal Utility, Utilitarianism, and a Class of Invariance Axioms in Welfare Analysis3. Determinateness of the Utility Function: Revisiting a Controversy of the 1930s4. Aggregating Infinite Utility Streams with Intergenerational Equity: The Impossibility of Being Paretian5. Possibility Theorems for Aggregating Infinite Utility Streams Equitably6. Achievements, Capabilities, and the Concept of Well-being: A Review of Commodities and Capabilities by Amartya Sen7. A Geometry for Non-Walrasian General Equilibrium TheoryPart II: Law, Rights and Well-being8. The Role of Norms and Law in Economics: An Essay on Political Economy9. The Right to Give Up Rights10. The Economics and Law of Sexual Harassment in the Workplace11. Labour Laws and Labour Welfare in the Context of the Indian Experience12. Child Labour and the Law: Notes on Possible Pathologies13. Efficiency Pricing, Tenancy Rent Control, and Monopolistic LandlordsPart III: Globalization and Regulation14. Global Labour Standards and Local Freedoms15. Globalization and Development: A Re-examination of Development Policy16. Globalization, Poverty, and Inequality: What is the Relationship? What Can be Done?17. International Credit and Welfare: A Paradoxical Theorem and Its Policy Implications18. The Retreat of Global DemocracyIndexCollected Papers in Theoretical Economics IV: Inter-disciplinary Transgressions-Political Economy, Moral Philosophy, and Economic Sociology1. IntroductionPart I: Methodological Foundations2. Methodological Individualism3. New Empirical Development Economics: Remarks on Its Philosophical FoundationsPart II: Culture, Custom, and Consuetude4. The Growth and Decay of Custom: The Role of New Institutional Economics in Economic History5. Social Norms and Cooperative Behaviour: Notes from the Hinterland between Economics and Anthropology6. Teacher Truancy in India: The Role of Culture, Norms, and Economic Incentives7. Notes on Evolution, Rationality, and Norms8. Punctuality: A Cultural Trait as Equilibrium; The Concept of Equality and Interpersonal Comparisons9. Racial Conflict and Malignancy of IdentityPart III: Moral Philosophy and Ethics10. Coercion, Contact, and the Limits of the Market11. Human Rights as Instruments of Emancipation and Economic Development12. On Interpersonal Comparison and the Concept of Equality13. Utilitarianism for Infinite Utility Streams: A New Welfare Criterion and Its Axiomatic CharacterizationPart IV: Economic Theory in Society and Polity14. Gender and Say: A Model of Household Behaviour with Endogenously-determined Balance of Power15. Women's Economic Roles and Child Survival: The Case of India16. Consumer Cognition and Pricing in the Nines in Oligopolistic Markets17. Is Product Boycott a Good Idea for Controlling Child Labour? A Theoretical Investigation18. Globalization and the Politics of International Finance: The Stiglitz VerdictIndex