Discover the Insightful World of Economic Policymaking
Step into the intricate realm of economic policymaking with 'An Economist in the Real World: The Art of Policymaking in India' by renowned economist Kaushik Basu. This book transports you through Basu's transformative journey during his two and a half years as the Chief Economic Advisor to the Government of India, under the leadership of former Prime Minister Dr. Manmohan Singh.
What makes this book special is its blend of personal experience and practical insights. Far beyond just a memoir, it offers a unique perspective on the complexities of crafting economic policies in the world's largest democracy. With engaging discussions and rich content, you'll gain a deeper understanding of India's governing structure and the forces shaping its economic landscape.
Basu adeptly addresses critical issues plaguing developing economies, such as:
- Growth and equality
- Globalization and sovereignty
- Laws and corruption
- Policy making and politics
Delving into topics from macroeconomic theories to fiscal and monetary policies, this book also touches on the granular aspects of designing solutions—from grain auctions to ensuring access to basic food for every citizen. The anecdotes, including the memorable dinner with President Obama where witty exchanges unfolded, add a personal touch that enriches the narrative.
Basu's insights are invaluable, especially in times of substantial economic transformation, providing essential guidance for policymakers, scholars, and anyone interested in understanding the intricacies of economic strategy and governance.
About the Author
Kaushik Basu is not just an academic force but a pivotal figure in economic thought. Currently serving as the Senior Vice-President and Chief Economist of the World Bank, his extensive experience solidifies his status as an authority in the field. His transition from the comfort of academia to the challenging world of policymaking offers readers an unparalleled perspective on economic leadership and strategy.
This book is a must-read for anyone looking to navigate the fascinating interplay of economics and politics in India today.
