24-577: (Redirected from Mids ) MIDS may refer to: Madras Institute of Development Studies , Chennai, Tamil Nadu, India Master of Information and Data Science, a professional degree offered by University of California, Berkeley School of Information Multifunctional Information Distribution System , a communication component A nickname for Mid-Annandale F.C. , in Lockerbie, Scotland See also [ edit ] MID (disambiguation) Topics referred to by
48-421: A class of Bribes, the act of Giving Bribes should be treated as legal", Basu refers to certain bribes as 'Harassment Bribes' that are given to get what a person is legally entitled to such as a ration card or a passport. In such cases, only the act of taking a bribe should be illegal. This will cause a divergence in the interests of the bribe giver and taker and the bribe giver will be willing to co-operate to help
72-552: A compromise. In 1969 he moved to Delhi to do his undergraduate studies in Economics, from St. Stephen's College . He then attended London School of Economics and was awarded MSc in economics from University of London in 1974. After earning his master's degree, Basu was supposed to move to England to study law and take over his father's legal practice, but he had fallen in love with the concept of logic and deductive reasoning and became fascinated by Amartya Sen 's work. He remained at
96-689: Is an Indian economist who was Chief Economist of the World Bank from 2012 to 2016 and Chief Economic Adviser to the Government of India from 2009 to 2012. He is the C. Marks Professor of International Studies and Professor of Economics at Cornell University , and academic advisory board member of upcoming Plaksha University . He began a three-year term as President of the International Economic Association in June 2017. From 2009 to 2012, during
120-574: Is different from Wikidata All article disambiguation pages All disambiguation pages Madras Institute of Development Studies The Madras Institute of Development Studies ( MIDS ) is a research institute based in Chennai . It is a joint undertaking of the Governments of India and Tamil Nadu for conducting research on development problems in Tamil Nadu and the rest of India . MIDS
144-692: Is on the Board of Editors of the World Bank Economic Review . He was elected to take over as president of the International Economic Association in June 2017, for a three-year term. Basu is the motivation behind Arthapedia , an online portal that provide explanations to the concepts used in Indian public policy to assist its understanding among citizens. He created Dui-doku, a competitive two-player version of Sudoku . While working at
168-785: The Institute for Advanced Study in Princeton, New Jersey , the Université catholique de Louvain 's Center for Operations Research and Econometrics (CORE) in Louvain-la-Neuve , Belgium, and the London School of Economics , where he was a distinguished visitor in 1993. Additionally, he was a visiting scientist at the Indian Statistical Institute , a public university in Kolkata. Basu
192-723: The United Progressive Alliance 's second term, Basu served as the Chief Economic Adviser to the Government of India . Basu is winner of the Humboldt Research Award 2021. Kaushik Basu was born in Kolkata , India, where he attended St. Xavier's Collegiate School . In an autobiographical essay he noted that finishing school in 1969 that his father wanted him to study physics , but in revolutionary times he wanted to study nothing. They settled on economics as
216-459: The London School of Economics, University of London for his PhD, from 1974 to 1976. He completed his PhD at University of London under the tutelage of Amartya Sen. He has received honorary doctorates from Lucknow University , Lucknow, in 2011, Assam University , Silchar, in 2012, Fordham University , US in 2013, Indian Institute of Technology Bombay , in 2013, University of Bath, UK in 2016, on
240-550: The SC Johnson College of Business. Basu has written on the importance of Adam Smith's identification of the invisible hand of the market and how that helps coordinate the self-interested behaviour of individuals to achieve order and optimality in an economy. He feels that this is such an unexpected finding that it led many traditional economists to overlook and then forget that moral qualities, like honesty, fairness, and integrity are critical for an economy to flourish. They are
264-755: The World Bank, Basu also taught courses on game theory at the George Washington University in Washington, D.C. He writes monthly columns for Project Syndicate . He has been the on the Social Sciences jury for the Infosys Prize from 2011, serving as Jury Chair from 2012. Basu teaches at Cornell University, where he has a joint appointment as an economics professor in the Department of Economics and
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#1733084466208288-520: The academic activities of the institute. MIDS' research focuses on subjects like development and planning, centre-state relationship, poverty, inequality, agrarian issues, social movements, caste and communal politics. It offers a full-time doctoral program under three classes - Indian Council of Social Science Research fellowships, RBI fellowships and Malcolm & Elizabeth Adiseshiah Ph.D. Merit Scholarship. It also offers an annual award called "The Malcolm Adiseshiah award" for mid-career academicians in
312-490: The chairperson, the institute's director as member-secretary, representatives of faculty, the Indian Council of Social Science Research , the Government of Tamil Nadu, and from the universities of the four South Indian states, trustees of the institute, and co-opted social scientists, as members. It ordinarily meets once a year, while its finance committee and executive council meet twice a year. The academic council consists of
336-448: The director as chairperson, and both external and internal members. All the professors of the institute are its members; other faculty members and the Ph.D. scholars serve on it in rotation. Five reputed social scientists from other universities and institutes are members of the academic council. Each of them serve for three years. The council meets twice a year to review, and provide guidelines on,
360-570: The economics of child labour , and crafted the traveller's dilemma . In 1992 he founded the Centre for Development Economics at the Delhi School of Economics, and served as its first executive director until 1996. Basu is a columnist for BBC News Online , the Hindustan Times , Business Standard and is the author of several books on economics and a play, Crossings at Benaras Junction , which
384-468: The field of developmental studies. Prominent faculty members of MIDS (both past and present) include Kaushik Basu , A R Venkatachalapathy , Padmini Swaminathan and K. Nagaraj. Its publication cell publishes books and academic papers (sometimes in collaboration with Kalachuvadu Pathippagam, a Tamil publishing house). It also brings out a bi-annual bulletin called "Review of Development and Change ". Kaushik Basu Kaushik Basu (born 9 January 1952)
408-513: The newly constituted institute. Malcolm Adiseshiah resigned as MIDS' director in 1978 and became the chairman and honorary fellow. Professor C.T. Kurien became the next director of MIDS. In 1985, the Reserve Bank of India established a chair for applied research in regional economics, which has since been converted to a fully autonomous unit in 2002. MIDS is governed by a governing council and an academic council. The governing council consists of
432-518: The nuts and bolts that enable the invisible hand to be effective. Basu also feels the need to promote quality thinking in government and public debate. Basu has written in favour of Marx's ideal of a society where each person gets according to their need and gives according to their ability. He argues in his book, Beyond the Invisible Hand , that the fault lies not in the Marxist aspiration but in using
456-692: The occasion of the university's fiftieth anniversary, and the Jadavpur University Kolkata in 2018. Basu's childhood interest in Euclidean geometry found expression and drew attention when he was Chief Economist of the World Bank and published a paper giving a new proof of the Pythagoras theorem, via a property of isosceles triangles. Basu has held visiting professorships at the Massachusetts Institute of Technology , Harvard University ,
480-405: The same term [REDACTED] This disambiguation page lists articles associated with the title MIDS . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=MIDS&oldid=1024526144 " Category : Disambiguation pages Hidden categories: Short description
504-514: The wrong blueprint to get to such an ideal. Some of the biggest blunders in history have been made from attempting to get to this ideal without a scientific roadmap. This is the reason why radical movements such as the one in the USSR began trying to build a humane, socialist society and ended up with crony capitalism. Basu has recently worked on our collective moral responsibility and the role that individuals play in fulfilling them. In his paper, 'Why, for
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#1733084466208528-545: Was established by Malcolm Adiseshiah and his wife Elizabeth Adiseshiah in January 1971. Malcolm Adiseshiah served as its first director. In March 1977, MIDS was reconstituted as a national research institute under the sponsorship of Government of India through the Indian Council of Social Science Research and the Government of Tamil Nadu . The Adiseshiahs donated the land, buildings, furniture, equipment and made cash endowments to
552-770: Was published in The Little Magazine (vol. 6, 2005). He is the editor of the Oxford Companion to Economics in India, published by Oxford University Press (February 2007), a compendium on the Indian economy. On 5 September 2012, he was appointed Chief Economist at the World Bank . Basu was the president of the Human Development and capabilities association founded by Amartya Sen. He is the Editor of Social Choice and Welfare , Associate Editor of Japanese Economic Review , and
576-603: Was the Chief Economic Adviser to India's Ministry of Finance while on leave from Cornell University where he is Professor of Economics and the C. Marks Professor of International Studies. A Fellow of the Econometric Society and recipient of the Mahalanobis Memorial Medal, Basu has published scientific papers in development economics , game theory , industrial organisation , political economy ,
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