Kaushik Basu is Professor of Economics and Carl Marks Professor of International Studies in the Economics Department at Cornell University. He is Editor of Social Choice and Welfare and Associate Editor of The Journal of Economic Perspectives and The Journal of Development Economics. He is author of many books and articles, including The Less Developed Economy, (Blackwell, 1984), Lectures in Industrial Organization Theory (Blackwell, 1993), and Analytical Development Economics (1997).
Pulin B. Nayak is Professor of Economics at the Delhi School of Economics, University of Delhi, Delhi. He completed his Ph.D. in Economics from the University of Rochester, Rochester, New York, in 1975. He has been on the faculty of the Delhi School of Economics since 1978. During 1982-84 he held the Agatha Harrison Fellowship at St Antony's College, Oxford. He has been the Head of the Department of Economics and the Dean of the Faculty of Social Sciences in the University of Delhi. During 2005-08, he was Director, Delhi School of Economics. He specializes in public economics and welfare economics. His recent book is entitled Markets and Governments (edited with Kaushik Basu and Ranjan Ray).