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Economic Theory and Policy amidst Global Discontent - Essays in Honour of Deepak Nayyar (Paperback)
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Economic Theory and Policy amidst Global Discontent - Essays in Honour of Deepak Nayyar (Paperback)
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This book rethinks economic theory and calls for a creative and
pragmatic approach to policymaking. It examines what development
and sustenance of economic progress mean, and how these may be
facilitated. The relevance of this issue has received fresh impetus
from the significant changes in the degree and pattern of
international economic relations that are unfolding across the
world, posing both opportunities and challenges. While
globalisation of goods and financial markets may have delivered
high growth for some nations, the distribution of the benefits has
often been highly unequal, with gains to owners of capital and
skills being disproportionately higher compared to that of labour,
especially the unskilled. Widening and persistent inequalities have
been at the heart of rising polarisation and spread of conflicts
that threaten the social fabric. This work emphasises the relevance
of a broad policy framework based on building individual
capabilities and in line with a human-centric perspective. At the
same time, it points out the crucial need to create policy space
for macroeconomic stability and to accommodate heterodox
influences, especially when conventional wisdom proves inadequate,
as starkly demonstrated inter alia during the recent global
financial crisis. This festschrift, dedicated to Deepak Nayyar,
presents chapters on diverse themes that address the persisting
global problems of poverty, inequality and sustaining development.
The book will be of great interest to scholars and researchers of
economics, development studies, public policy and governance, and
also to policymakers, government officials and those in media.
General
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