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Collected Papers in Theoretical Economics: Inter

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The fourth and the final of Basu's collected essays corpus, this volume is a collection of his inter-discliplinary essays straddling several of the social sciences and also the philosophical foundation of economics. This is a collection of relatively less technical papers and should be of interest to students of not just economics but also sociology and politics. Most of the essays have a development slant and several make explicit reference to India, making the book especially relevant for scholars and policymakers in India.
The essays deal with wide-ranging issues-from philosophical questions, to social custom and culture, to questions that have traditionally been of interest to the sociologist and political scientist (gender, household behaviour, politics of globalization, etc.). The volume includes the author's most cited papers, such as 'Gender and Say' and 'The Growth and Decay of Custom'. An introductory chapter surveys and connects the terrain spanned by these essays. This volume illustrates how economics can, with careful handling, be taken to concerns beyond its traditional disciplinary boundaries.

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Product Details

  • ISBN-13: 9780198063049
  • Publisher: Oxford University Press, USA
  • Publication date: 11/28/2010
  • Pages: 256
  • Product dimensions: 6.40 (w) x 9.40 (h) x 1.00 (d)

Meet the Author

Kaushik Basu is Donald C. Opatrny '74 Chairman, Department of Economics, Professor of Economics and C. Marks Professor of International Studies, Cornell University

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Table of Contents

1. Introduction;
Section I: Methodological Foundations;
2. Methodological Individualism;
3. The Empirical Development Economics: Remarks on Its Philosophical Foundations;
4. Paradoxes of Game Theory;
Section II: Moral Philosophy and Ethics;
5. Coercion, Contact, and the Limits of the Market;
6. Human Rights as Instruments of Emancipation and Economic Development;
7. The Concept of Equality and Interpersonal Comparisons;
8. Utilitarianism for Infinite Utility Streams: A New Welfare Criterion and Its Axiomatic Characterization;
Section III: Culture, Custom, and Consuetude;
9. The Growth and Decay of Custom: The Role of the New Institutional Economics in Economic History;
10. Social Norms and Cooperative Behaviour: Notes from the Hinterland between Economics and Anthropology;
11. Teacher Truancy in India: The Role of Culture, Norms, and Economic Incentives;
12. Notes on Evolution, Rationality, and Norms;
13. Punctuality: A Cultural Trait as Equilibrium;
14. Racial Conflict and Malignancy of Identity;
Section IV: Economic Theory in Society and Polity;
15. Gender and Say: A Model of Household Behaviour with Endogenously-determined Balance of Power;
16. Unemployment and Wage Rigidity when Labour Supply is a Household Decision;
17. Women's Economic Roles and Child Survival: The Case of India;
18. Consumer Cognition and Pricing in the 9's in Oligopolistic Markets;
19. The Emergence of Isolation and Interlinkage in Rural Markets;
20. Relief Programmes: When May It be Better to Give Food Instead of Cash;
21. The International Debt Problem, Credit Rationing, and Loan Pushing;
22. Globalization and the Politics of international Finance: The Stiglitz Verdict;

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