Articles by Kaushik Basu

Kaushik Basu The Union Budget 1984-85 has been acclaimed as one giving a variety of concessions. It is argued that some of these 'concessions' may not be concessions at all when viewed in the light of our double-digit inflation. Moreover, it is likely that this budget will fuel inflation, thereby removing in the long-run what minimal concessions the fixed-income classes may be receiving in the immediate future.

high (burden on any country, taking into account its reserves.
The bank idea is certainly worth pursuing but it is important that non- oil developing countries should have the courage to go it alone even if the oil exporting countries are, to start with, reluctant to participate. They are bound to join in good time.

Greying of Milton Friedman Kaushik Basu Free to Choose by Milton Friedman and Rose Friedman; Penguin, Harmondsworth. 1980.
MlLTON FRIEDMAN's recent book, Tree to Choose", based on a much publicised BBC television series conducted by him in 1980, is a sequel to his earlier book ' Capitalism and Freedom" (also written jointly with his wife, Rose Gone are the well-honed analyses of his excellent microeconomics book 'Trice theory" and of a variety of essays on consumption, demand and uncertainty (the omission of 'methodology' is intentional). In this book there is only one unabashed and; to present capitalism and laissez at their seductive best.

From all accounts and studies, the Food For Work Programme (FFW) in India has been a moderate success. There is, however, nothing very original in our FFW. Similar schemes have been discussed by economists since long. Moreover, FFWs have been implemented in many less developed countries all over the world, and in many of them for a period longer than in India.