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Capital, Investment and Development

Mukul Majumdar (Editor) Kaushik Basu (Editor)
Synopsis This is an important collection of papers by leading researchers in three broad areas: capital-investment theory, development and welfare economics, and issues related to capitalism and socialism. Contributors include Paul A. Samuelson, Amartya Sen, T.N. Srinivasan, Jan Tinbergen, Amit Bhaduri, Amitava Bose and Pranab Bardhan, among others. Some chapters in the volume provide a comprehensive overview of the relevant literature. Others use a more formal mathematical framework to develop new interpretations and explore new directions. In particular, the implications of incorporating uncertainty in development planning and the choice of the plan horizon have been examined. Other specific topics covered are 'old' versus 'new' growth theories, reform of market socialism and optimal redistribution. Post-graduate students of economic theory, researchers, teachers and professionals in the field will find this book useful reading. Kaushik Basu Carl Marks Professor, Department of Economics, Cornell University, USA. He is also Honorary Professor, Centre for Development Economics, Delhi School of Economics. Mukul Majumdar is H.T. Warshow and Robert living Warshow Professor of Economics at Cornell University. Tapan Mitra is Professor of Economics at Cornell University.
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About the author

Kaushik Basu

Kaushik Basu is Carl Marks Professor of Economics at Cornell University.  He has been Professor of Economics at the Delhi School of Economics and has to his credit a large number of monographs, edited volumes, and essay collections (including Economic Graffiti and Of People, Of Places).  ‘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.  These, and many other, gifts are on display in this richly readable collection of essays.  In prose that is always elegant and often witty, Basu throws fresh light here on themes of compelling importance to India and the world-the role of the market, the relations between states, the perils and promises of globalization.’

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Bibliographic information

Title Capital, Investment and Development
Format Hardcover
Date published: 01.01.1998
Edition 1st ed.
Language: English
isbn 0195647580
length xi+268p., Figures; 22cm.