From : The HINDU
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COLLECTED PAPERS IN THEORETICAL ECONOMICS - 4 Volumes: Kaushik Basu; Oxford University Press, YMCA Library Building, Jai Singh Road, New Delhi-110001. Rs. 2350.
In reviewing the collected papers of one of the most accomplished economists of his generation, there is a temptation to focus only on the examples of excellence. There is a great deal to be said about the significance of Kaushik Basu's contributions to the use of game theory in economic analysis and his other diverse interests reflected in this collection. But with endorsements from Amartya Sen, George Akerlof, Ariel Rubinstein, and Jagdish Bhagwati, among others, we can safely take this part of the story as read, allowing us to focus on a more subterranean theme. When seen in the context of Indian economic thought over the last four decades, his papers are also a subtle commentary on the challenges economics as a science faces in India.
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