The State of Economics, the State of the World

This paper, based on the introductory remarks made at the two-day conference on "The State of the Economy, the State of the World," is an idiosyncratic stocktaking of the trajectory of economics from Adam Smith to contemporary times, with special attention to the rise of development economics. Given the challenges faced by the global economy in recent times, and especially since 2008, it is time for a serious evaluation of economics for policy making. The paper comments on some potential themes and ideas that motivated the conference and formed the basis of discussions and debate. This is done keeping in mind the nature of knowledge engagement the World Bank Group is expected to have with the world.

Bibliographic Details

Main Author:	Basu, Kaushik
Format:	Working Paper biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2016-09-12
Subjects:	economic theory, Adam Smith, development economics, global economy, policy making, economics discipline, economic thought, economic history, normative economics, Keynes, climate change, monetary policy, politics,
Online Access:	http://documents.worldbank.org/curated/en/2016/09/26781202/state-economics-state-world https://hdl.handle.net/10986/25120
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