Partha Dasgupta is Frank Ramsey Professor of Economics, University of Cambridge and Fellow of St John's College.

Otherwise, enjoyable read, and I will perhaps reacquaint myself with it sometime in the future so as to get the most out of it. If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. e. as a stage of development) or indirectly by supporting “free trade” (which actually means leading countries “kicking away the ladder” because lower countries cannot nurture their infant industries from global competition). I have three degrees, so I don't usually struggle with academic language, but the terminology wasn't explained in some parts meaning I had to re-read a fair bit.Sadly, this book does not shed much light even on the subject of the supposedly ignorant economists, but it does dab in a variety of asides on its way to nowhere. Combining a global approach with examples from everyday life, Partha Dasgupta describes the lives of two children who live very different lives in different parts of the world: in the Mid-West USA and in Ethiopia. The former activity involves finding explanations, while the latter tries to identify policy prescriptions.

Dasgupta's approach is heavily analytical and quantitative, relying on mathematical modeling, statistics, and game theory. The contradictions became so severe that pro-capitalists economics had to throw out the Classical framework entirely, only keeping its pro-capitalist conclusions! Dasgupta introduces the reader to two fictitious girls, , Becky, 10, who lives with her parents in the American Midwest and Desta, 10, who lives with her family in a village in tropical southwest Ethiopia. Dasgupta develops his own way of approaching and his position of questions of economics, neither of which might be fully shared by all members of his profession. The content is very intriguing and Dasgupta takes a more political/philosophical approach to economics, which is very appealing in my opinion.Written by experts for the newcomer, they demonstrate the finest contemporary thinking about the central problems and issues in hundreds of key topics, from philosophy to Freud, quantum theory to Islam. Of course, one should ask why it is that the Europeans managed to colonize the tropics; why colonization didn’t take place the other way round. The book takes two different families from very current economies and examines the factors behind the contrast. Dasgupta was knighted by Queen Elizabeth II for his work in economics and has written many important books and studies.

I read this book because I wanted to understand in concise and authoritative terms some of the basic concepts and features within economics - national debts, credit ratings, interest rates etc.After all, here is an economist with some real-world applicability in (Global South) "development economics", social capital, and environmental economics; how is this going to play out? It might, in fact, be of more use for someone progressing from standard introductory micro and macro classes to intermediate stuff or even post-graduate study as it does a reasonable job of showing where the frontiers of the discipline currently are. It has been said (by an economist) that economists really don't know anything; they try their techniques on problems in fields and areas of enquiry without bothering to put in the required time to learn about the subjects first. My only criticism is that some parts of the book may be too technical for the broad audience intended by the publishers and could avail from the inclusion of more supporting diagrams.

The author represents the lives of two girls(Becky and Desta) who live very distinct lives in different parts of the world: in the Mid-West USA and Ethiopia.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. Professor Sir Partha Sarathi Dasgupta (born November 17, 1942), FBA, FRS, is the Frank Ramsey Professor of Economics at the University of Cambridge, United Kingdom; Fellow of St John's College, Cambridge; Honorary Fellow of Trinity College, Cambridge; and Professor of Environmental and Development Economics at the University of Manchester. Firstly, I feel like the topics are, at times, too condensed, and therefore difficult to comprehend, leaving you to put many abstract pieces together.