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Kaushik Basu new chief economist at World Bank
© B. Mathur/Reuters
Kaushik Basu, unorthodox scholar
Basu’s doctoral dissertation at the London School of Economics was supervised by Amartya Sen, who was later awarded the Nobel Prize. Basu specialises in decision theory and has spoken out in favour of promoting civic responsibility as well as reducing bureaucratic burdens. He has a reputation for unorthodox ideas. In India, for instance, he proposed to only punish the acceptance of bribes, but not the paying of bribes, arguing that this approach would make law enforcement easier. (ph)