Editorials National News 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).