It is essential to view economics as embedded in politics and society. Prelude to Political Economy is a study of this embeddedness; it argues for an inclusive approach to institutions and the state.
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Kaushik Basu is Professor of Economics and holds the C. Marks Chair in the Department of Economics at Cornell University. He has been Visiting Professor at the Department of Economics, Princeton University (1989-91), Member, Institute for Advanced Study, Princeton (1985-6), and Professor, Delhi School of Economics (1985-94). He received his Ph.D. from the London School of Economics on choice theory and welfare economics, and has published extensively in the areas of game theory, development economics, and industrial organization. His books include Analytical Development Economics: The Less Developed Economy Revisited (MIT Press).
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