The Retreat of Democracy and Other Itinerant Essays on Globalization, Economics, and India

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Anthem Press, 2010 - Political Science - 279 pages
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'The Retreat of Democracy' presents an expanded and reworked selection of Basu's best journalistic and academic writings on political and economic themes since the late 1990s. In addition to Basu's critical essays on globalization and democracy, the book also moves onto wider terrain - to ideas in economics, anthropological observations on social norms, the role of culture, and travel in India and abroad.

While the essays range from studies on major economists such as Amartya Sen and Joseph Stiglitz, to humorous encounters with Indian bureaucracy, two recurring themes run thoughout: first, that the ultimate objective of policy-making must be the progress of the disadvantaged, and ignoring market laws and individual incentives courts failure; second, that for the successful crafting of economic policy it is important to recognize markets as embedded in specific cultures and social norms. This volume is a clear, intelligible and highly engaging showcase of Basu's global and humanistic views on politics, economics and democracy.


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1Kaushik Basu Introduction
2Kaushik Basu Chapt 122
3Kaushik Basu Chapt 22end

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About the author (2010)

Kaushik Basu is the Carl Marks Professor of Economics and Chairman of the Department of Economics at Cornell University. He has to his credit a large number of monographs, edited volumes, and essay collections on development economics and democracy.

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