| Popis: |
This book, in honour of Kaushik Basu, celebrates his contributions over the last four decades. It contains contributions by his present and past collaborators, and research students. Not only has Basu worked on several deeper abstract issues in welfare analysis and decision making, he has also addressed, both as a researcher and as a policy advisor, several policy issues such as rent control, child labour, labour laws, harassment, shared prosperity, and gender empowerment. The contributions from authors in this volume, theoretical as well as empirical, reflect this range of issues in the broader context of interactions between markets, governance, and institutions in the process of economic development. The broader roles of markets as key resource allocation mechanisms cannot be disputed. But they need suitable governance structures and institutions, working both as facilitators and as regulators. The book looks at the complex interactions between these three forces of development. The book has three parts. In Part I, contributors look at various foundational and measurement issues associated with economic development and well-being. Part II deals with the functioning (and non-functioning) of markets in the context of development, showing how we may need to move beyond the market. In Part III, the final part, contributors look at various issues related to governance and institutions in terms of their overall structure and specific designs. |
