The Retreat Of Democracy And Other Itinerant Essays On Globalization, Economics, And India

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'The Retreat of Democracy' presents an expanded and reworked selection of Basu's best journalistic and academic writings on political and economic themes since the late 1990s. As well as essays on globalization and democracy, the book provides analyses of ideas in economics, as well as anthroplogical observations on social norms, the role of culture, and travel in India and abroad. It also includes an intellectual biography of Amartya Sen, with a discussion of his scientific contributions.
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What People Are Saying

From the Publisher

'Kaushik Basu is that triply rare being - an Indian intellectual who is open-minded, an economic theorist who is interested in human beings, and an American academic who has a sense of style.' —Ramachandra Guha, author of 'India After Gandhi: The History of the World's Largest Democracy'

'This is a rare book that combines the wisdom of market economy with social upliftment. Basu shows he is a clear and deep thinker with his heart in the right place.' —N. R. Narayana Murthy, founder of Infosys Technologies

'This creative, lucid and forthright collection of essays is a joy to read, even where one disagrees. It will be of great value in sensitizing economists to political realities, and others to economic realities.' —Jean Drèze, former Lecturer in Development Economics at the London School of Economics

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Product Details

  • ISBN-13: 9781843318651
  • Publisher: Anthem Press
  • Publication date: 1/1/2010
  • Series: Anthem Politics and IR Series
  • Pages: 292
  • Product dimensions: 0.81 (w) x 5.50 (h) x 8.50 (d)

Meet the Author

Kaushik Basu is the Carl Marks Professor of Economics and Chairman of the Department of Economics at Cornell University. He has to his credit a large number of monographs, edited volumes, and essay collections on development economics and democracy.

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Table of Contents

Introduction 1

Part I Democracy and Globalization 9

1 Elé Belé: The Subversion of Democracy 11

2 The Retreat of Global Democracy 15

3 Child Labour and International Labour Standards 21

4 International Labour Standards: A View from the Tropics 31

5 Labour vs. Labour: The Politics of Business Outsourcing 36

6 The Politics of Economics 42

7 Groucho Marx and Global Currency Flows 46

8 From Cowries to the Euro: Towards a One-Currency World 49

9 The WTO and North-South Bargains 52

10 Globalization and the Politics of International Finance: The Stiglitz Verdict 56

Part II India and The World 83

11 Jakotra Village, Santalpur Taluka: Debating Globalization 85

12 India at Fifty and the Road Ahead 97

13 The Indian Economy: Take-off and Strategic Policy Issues 105

14 Has Poverty Declined in India? 114

15 Infant Mortality and the Anti-Female Bias 118

16 Labour Laws and the Role of Contracts 122

17 The Reform of Small Things 134

18 Is India's e-Economy for Real? 140

19 India's Trade Policy and the WTO 144

20 The Coming Textile Turmoil 147

Part III Social Norms and Political Economy 151

21 Social Norms, Law, and Economics 153

22 Methodological Individualism in the Social Sciences 168

23 Left Politics and Modern Economics 176

24 Hung Parliament: A Voting Scheme for Preventing It 179

25 Money, Music, and Harmony 182

26 Rules of Engagement 185

27 The Enigma of Advertising 188

28 The Truth About Lying 191

29 Rationality: New Research in Psychology and Economics 194

30 Higher and Lower Education 198

Part IV Persons 203

31 Amartya Sen 205

32 John Nash: Paranoid, Schizophrenic, Nobel Laureate214

33 Nobel for Marker Failures: Akerlof, Spence, and Stiglitz 217

34 Nietzsche Century 220

Part V On the Road, Around the World 223

35 Notarizing in Delhi 225

36 Traveller's Bihar 228

37 Tango of Two Currencies: Buenos Aires 231

38 A Vietnam Diary 234

39 South Africa: Zebra Country 237

40 North Meets South: In and Around Bangalore 241

41 Muito Obrigado, Portugal 247

42 Queuing in Kolkata and Delhi 250

43 Viewing Bengal from Bankura 257

44 Loitering in Lahore 261

45 Thinking about Currencies in Kathmandu 265

Index 269

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