Introduction

This chapter looks at some of the key contributions by Kaushik Basu and discusses how the different chapters relate to his interests and contributions. Beginning with his early work on interlinked markets and usurious interest rates, to the recent work on child labour and shared prosperity, Basu's research over the last four decades has contributed immensely to the way the field of development economics has been transformed. This chapter highlights this broad range of contributions and provides a brief narrative of the interactions between markets, governance, and institutions in the context of economic development. The chapter provides an introduction to each contribution, demonstrating their interrelations and complementarities.