Indian American Kaushik Basu begins term as president of the International Economic Association

Indian American Kaushik Basu begins term as president of the International Economic Association

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WASHINGTON (TIP): Renowned economist Kaushik Basu, the C. Marks Professor of International Studies and professor of economics in the College of Arts and Sciences in Cornell University, began his three-year term as president of the International Economic Association (IEA) June 23.

The IEA is a leading organization 
founded in 1950 for professional economists that seeks to shape global 
economic policy and research. Among IEA past presidents are Nobel 
laureates Kenneth Arrow, Robert Solow, Amartya Sen and Joseph Stiglitz.

Basu served as senior vice president and
 chief economist at the World Bank from 2012 to 2016 and as the chief 
economic adviser to the government of India
 from 2009 to 2012. At Cornell, he has served as chairman of the 
Department of Economics and as director of the Center for Analytic 


He received a B.A. in economics in 1972 
from St. Stephen’s College, Delhi University, and a M.Sc. in 1974 and a 
Ph.D. in 1976, both in economics from the London School of Economics. A 
fellow of the Econometric Society, Basu has published widely in 
development economics, industrial organization, game theory and welfare 
economics. His books include “Analytical Development Economics” (1997), 
“Prelude to Political Economy: A Study of the Social and Political 
Foundations of Economics” (2000), “Beyond the Invisible Hand: Groundwork
 for a New Economics” (2010) and “An Economist in the Real World: The 
Art of Policymaking in India” (2015).


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