Once links between medicine and economics are pinpointed, fascinating policy ideas begin to emerge.
For Kaushik Basu's latest contributions to The Japan Times, see below:
Like W.H. Auden in 1939, we must accept the possibility that things could become far worse than they already are.
Argentina was one of the world's richest economies in the first few decades of the 20th century, but subsequently became a cautionary tale of how a wealthy country can lose its way.
Amid today's global conflicts, debasement of public debate, attacks on democratic institutions and escalating geopolitical tensions, it is hard to find much cause for hope. But it's still possible to restore faith in our shared humanity.
We may have reached a turning point in the march of technological progress — and we are navigating it very badly.
Addressing income and wealth disparities will require a careful balance between policies that ensure equality and policies that reward work and innovation.
Will today's leaders show the same degree of strategic thinking that enabled the Kennedy administration to defuse the Cuban missile crisis?
A turn toward protectionism by the United States could well be a blessing in disguise for China.