An economist's dalliance with law
Basu's basic argument is that the assumption of mutually independent personal preferences, on which much of economics rests, is mistaken.
Kaushik Basu has been professor of economics in Cornell for over two decades. He took time off to serve as chief economic advisor to finance minister P. Chidambaram from 2009 till 2012 and chief economist at the World Bank from 2012 till 2014. He has long been interested in the making of economic policy, not just in the nitty-gritty, but
