In a specially organised one day conference on 17 December 2017 at the Delhi School of Economics, to honour Kaushik Basu, a new book Markets, Governance, and Institutions in the Process of Economic Development by Dr Ajit Mishra and Professor Tridip Ray (Eds.) was launched. The book is a collection of papers in honour of Kaushik Basu, with contributions from several eminent scholars and research collaborators.
Dr Manmohan Singh, former Prime Minister of India, and Joseph Stiglitz, Nobel Laureate, were chief guests at this event, which was attended by scholars from various parts of the world.
Key presenters at this conference included:
- Joseph Stiglitz (Columbia)
- Avinash Dixit (Princeton)
- Jorgen Weibull (Stockholm)
- Debraj Ray (New York)
- Celestin Monga (African Development Bank)
- Jaime Saavedra (World Bank)
- N. Murthy (Infosys)
Markets, Governance, and Institutions
The broader roles of markets as key resource allocation mechanisms cannot be disputed, but they need suitable governance structures and institutions, working both as facilitators and as regulators.
Markets, Governance, and Institutions in the Process of Economic Development brings together leading scholars to examine the complex interactions between these three forces of development. The contributions in this volume, theoretical as well as empirical, reflect a wide range of development issues in the broader context of interactions between markets, governance, and institutions in the process of economic development.
The book is divided into three distinct sections covering:
- foundational and measurement issues associated with economic development and well-being
- functioning (and non-functioning) of the market in the context of development
- structure and design issues relating to governance and institutions
Markets, Governance, and Institutions in the Process of Economic Development provides a clear focus for academics and economists considering development policy questions.
This book is published by the Oxford University Press (Oxford).