Prof. Kaushik Basu
Professor of Economics and the C. Marks Professor of International Studies, Cornell University and Former Chief Economist and Senior Vice President, World Bank
Kaushik Basu is Professor of Economics and the Carl Marks Professor of International Studies at Cornell University. Prof. Basu is a former Chief Economist and Senior Vice President of the World Bank. Prof. Basu is the second World Bank Chief Economist from a developing country and the first from India.
Prior to joining the World Bank, he served as Chief Economic Adviser to the Government of India. Prof. Basu is a Fellow of the Econometric Society and received India’s Padma Bhushan award as well as the National Mahalanobis Memorial award. Prof. Basu’s contributions span development economics, welfare economics, industrial organization and game theory. In addition to Cornell, he has taught at the Delhi School of Economics, Harvard, Princeton and MIT. He has published widely in academic journals, and has contributed articles to many widely read magazines and newspapers. He has written several books including ‘Beyond the Invisible Hand: Groundwork for a New Economics’ (Princeton University Press and Penguin); and ‘The Republic of Beliefs: A New Approach to Law and Economics’ (Princeton University Press). Mr. Basu holds a Ph.D. in economics from the London School of Economics. He has received honorary doctorates from several institutes, including IIT, Mumbai, and Fordham University, New York.