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Kaushik Basu
The insecurity of inequality
By Kaushik Basu - May 16,2017
Global inequality today is at a level last seen in the late nineteenth century — and it is continuing to rise.With it has come a surging sense of disenfranchisement that has fuelled alienation and anger, and even bred nationalism and xenophobia.As people struggle to hold on to th
America’s dangerous neo-protectionism
By Kaushik Basu - Mar 23,2017
US President Donald Trump is about to make a policy mistake.
Stiglitz’s sticky prices
By Kaushik Basu - Jan 27,2016
For a long time, the assumption underlying much of mainstream economics was that the invisible hand worked its magic seamlessly.Prices moved smoothly up as demand outpaced supply and rushed back down when the tables were turned, keeping markets in equilibrium.To be sure, many obs

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