Shared Prosperity and the Need for a Visible Hand
This event is co-hosted by the Centre for Development Studies and the Department of Economics at the Univeristy of Bath as part of the University's 50th Anniversary celebrations.
On 9th November, we will welcome C Marks Professor at Cornell University and former Chief Economist at the World Bank, Professor Kaushik Basu to deliver a lecture on ‘Shared Prosperity.’
Prior to the lecture, Professor Basu will receive an honorary degree from the University of Bath. This honour celebrates his outstanding work in the field in this, the University’s 50th Anniversary year.
The ceremony and lecture will be followed by a drinks reception.
Tickets are free and available to all.
While the number of people living in absolute poverty worldwide has declined over the last several decades, inequality, measured in several different ways, has risen, fueling conflict and social disquiet. Shared prosperity is the idea that the distribution of income and well-being deserves attention in itself. This lecture will provide the broad numbers concerning how the world and various nations have done, and analyze the connection between poverty and inequality. It will then go into the broader political ramifications of what is happening and discuss options of what we may do to combat some of the more adverse trends.
Kaushik Basu is C Marks Professor at Cornell University and former Chief Economist at the World
Prior to joining the World Bank, he served as Chief Economic Adviser to the Government of India and is currently on leave from Cornell University where he is Professor of Economics and the C. Marks Professor of International Studies. He is a Fellow of the Econometric Society and received the title Padma Bhushan which is one of the highest civilian awards given by the President of India.
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 ‘An Economist in the Real World: the Art of Policymaking in India’ (MIT Press). Prof. Basu holds a PhD in economics from the London School of Economics. He has received honorary doctorates from several institutes, including IIT, Mumbai, and Fordham University, New York. Prof. Basu is currently President-Elect of the International Economic Association and will take over as President from 2017.