{"product_id":"the-state-of-economics-the-kaushik-basu-9780262554077","title":"The State of Economics, the State of the World","description":"\u003cb\u003eLeading economists address the ongoing challenges to economics in theory and practice in a time of political and economic crises.\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003eMore than a decade of financial crises, sovereign debt problems, political conflict, and rising xenophobia and protectionism has left the global economy unsettled and the ability of economics as a discipline to account for episodes of volatility uncertain. In this book, leading economists consider the state of their discipline in a world of ongoing economic and political crises. \u003cp\u003e\u003c\/p\u003eThe book begins with three sweeping essays by Nobel laureates Kenneth Arrow (in one of his last published works), Amartya Sen, and Joseph Stiglitz that offer a summary of the theoretical foundations of modern economics--the twin pillars of general equilibrium theory and welfare economics. Contributors then turn to macroeconomic stabilization and growth and, finally, new areas of research that depart from traditional theory, methodology, and concerns: climate change, behavioral economics, and evolutionary game theory. The 2019 Nobel Prize laureates, Abhijit Banerjee, Esther Duflo, and Michael Kremer, contribute a paper on the use of randomized control trials indevelopment economics.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Kaushik Basu\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0262554070\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780262554077\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e MIT Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 02\/04\/2025\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 552\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.77lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.00h x 6.00w x 1.23d","brand":"Kaushik Basu","offers":[{"title":"Paperback","offer_id":46546104516863,"sku":"9780262554077","price":40.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_697baba1-4eef-4304-b141-aadcee5a113d.jpg?v=1738184138","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-state-of-economics-the-kaushik-basu-9780262554077","provider":"WR Book House","version":"1.0","type":"link"}