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

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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 economics from 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, ...

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Overview

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 economics from 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 of individualism. 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 authors inter-disciplinary essays straddling several of the social sciences and also the philosophical foundations of economics.

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Product Details

  • ISBN-13: 9780198069447
  • Publisher: Oxford University Press, USA
  • Publication date: 10/27/2011
  • Product dimensions: 6.70 (w) x 10.10 (h) x 3.50 (d)

Meet the Author

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

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Table of Contents

Collected Papers in Theoretical Economics I: Development, Market, and Institutions;
1. Introduction;
Part I: Measuring Development;
2. On the Goals of Development;
3. On Measuring Literacy;
4. The Greying of Populations: Concepts and Measurement; Part II: Institutions, Norms, and Power;
5. One Kind of Power;
6. A Theory of Association: Social Status, Prices, and Markets;
7. Civil Institutions and Evolution: Concepts, Critique, and Models; Section III: Agrarian Organization;
8. Technological Stagnation, Tenurial Laws, and Adverse Selection;
9. The Market for Land: An Analysis of Interim Transactions; 10. Disneyland Monopoly, Interlinkage, and Usurious Interest Rates;
11. Fragmented Duopoly: Theory and Applications to Backward Agriculture;
12. The Broth and the Cooks: A Theory of Surplus Labour;
13. Limited Liability and the Existence of Share Tenancy;
Section IV: International Labour Standards and Child Labour;
14. Compacts, Conventions, and Codes: Initiatives for Higher International Labour Standards;
15. The Economics of Child Labour;
16. A Note on Multiple General Equilibria with Child Labour;
17. The Intriguing Relation between Adult Minimum Wage and Child Labour;
18. Child Labour: Cause, Consequence, and Cure, with Remarks on International Labour Standards; Index
Volume 2
Collected Papers in Theoretical Economics II: Rationality, Games, and Strategic Behaviour;
1. Introduction;
Part I: Rationality and Social Norms;
2. The Traveller's Dilemma: Paradoxes of Rationality in Game Theory;
3. On Why We Do Not Try to Walk off without Paying after a Taxi-Ride;
Part II: Games and Equilibrium Behaviour;
4. On the Non-existence of a Rationality Definition for Extensive Game;
5. Strategy Subsets Closed under Rational Behaviour;
6. Group Rationality, Utilitarianism, and Escher's Waterfall;
7. Information and Strategy in Iterated Prisoner's Dilemma;
Part III: Industrial Organization and Strategic Behaviour;
8. Monopoly, Quality Uncertainty, and 'Status Goods';
9. Why Monopolists Prefer to Make their Goods Less Durable;
10. . Entry-Deterrence in Stackelberg Perfect Equilibria;
11. Collusion in Finitely Repeated Oligopolies;
12. Stackelberg Equilibrium in Oligopoly: An Explanation Based on Managerial Incentives;
13. . The Strategic Role of International Credit as an Instrument of Trade;
14. Why are So Many Goods Priced to End in Nine? And Why this Practice Hurts the Producers;
Part IV: Governments, Games, and the Law;
15. Notes on Bribery and the Control of Corruption;
16. A Model of Monopoly with Strategic Government Intervention;
17. On Misunderstanding Government: An Analysis of the Art of Policy Advice;
18. The Economics of Tenant Rent Control; Index
Volume 3
Collected Papers in Theoretical Economics III: Welfare, Law, and Globalization;
1. . Introduction;
Part I: Welfare and Equilibrium;
2. Cardinal Utility, Utilitarianism, and a Class of Invariance Axioms in Welfare Analysis;
3. Determinateness of the Utility Function: Revisiting a Controversy of the 1930s;
4. Aggregating Infinite Utility Streams with Intergenerational Equity: The Impossibility of Being Paretian;
5. Possibility Theorems for Aggregating Infinite Utility Streams Equitably;
6. Achievements, Capabilities, and the Concept of Well-being: A Review of Commodities and Capabilities by Amartya Sen;
7. A Geometry for Non-Walrasian General Equilibrium Theory; Part II: Law, Rights and Well-being;
8. The Role of Norms and Law in Economics: An Essay on Political Economy;
9. The Right to Give Up Rights;
10. The Economics and Law of Sexual Harassment in the Workplace;
11. Labour Laws and Labour Welfare in the Context of the Indian Experience;
12. Child Labour and the Law: Notes on Possible Pathologies;
13. Efficiency Pricing, Tenancy Rent Control, and Monopolistic Landlords; Part III: Globalization and Regulation;
14. Global Labour Standards and Local Freedoms;
15. Globalization and Development: A Re-examination of Development Policy;
16. Globalization, Poverty, and Inequality: What is the Relationship? What Can be Done?
17. International Credit and Welfare: A Paradoxical Theorem and Its Policy Implications;
18. The Retreat of Global Democracy; Index
Volume 4
Collected Papers in Theoretical Economics IV: Inter-disciplinary Transgressions-Political Economy, Moral Philosophy, and Economic Sociology;
1. Introduction;
Part I: Methodological Foundations;
2. Methodological Individualism;
3. New Empirical Development Economics: Remarks on Its Philosophical Foundations;
Part II: Culture, Custom, and Consuetude;
4. The Growth and Decay of Custom: The Role of New Institutional Economics in Economic History;
5. Social Norms and Cooperative Behaviour: Notes from the Hinterland between Economics and Anthropology;
6. Teacher Truancy in India: The Role of Culture, Norms, and Economic Incentives
7. Notes on Evolution, Rationality, and Norms;
8. Punctuality: A Cultural Trait as Equilibrium; The Concept of Equality and Interpersonal Comparisons;
9. . Racial Conflict and Malignancy of Identity;
Part III: Moral Philosophy and Ethics;
10. Coercion, Contact, and the Limits of the Market;
11. Human Rights as Instruments of Emancipation and Economic Development;
12. On Interpersonal Comparison and the Concept of Equality;
13. Utilitarianism for Infinite Utility Streams: A New Welfare Criterion and Its Axiomatic Characterization;
Part IV: Economic Theory in Society and Polity;
14. Gender and Say: A Model of Household Behaviour with Endogenously-determined Balance of Power;
15. Women's Economic Roles and Child Survival: The Case of India;
16. Consumer Cognition and Pricing in the Nines in Oligopolistic Markets
17. Is Product Boycott a Good Idea for Controlling Child Labour? A Theoretical Investigation;
18. Globalization and the Politics of International Finance: The Stiglitz Verdict; Index

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