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This is a valuable book on an engaging theme that seeks to analyze the functioning of institutions to assess outcomes in terms of their impact on growth, efficiency and inequality. It demonstrates how economic theory can be used to improve our understanding of the real world and change it for the better. — Deepak Nayyar, Professor Emeritus, Jawaharlal Nehru University

Economic Growth, Efficiency and Inequality is a major contribution to theory with bearing on economic policy. This well-researched and insightful volume will be a major reference work for students of economics and policy makers alike. — M. Govinda Rao, Member, Fourteenth Finance Commission of India

This volume encompasses perfectly clearly written essays that reflect some of the driving themes in economics. It is a presentation for a wide set of readers. — Satya R. Chakravarty, Professor, Indian Statistical Institute

The scope of this book, as is clear from the preceding discussion, is not limited to the issues related to growth, efficiency and equality. It also encompasses other issues, such as auction, contest, and bargaining. This book does not seem to have a unified theme, but it provides illuminating discussions on those issues which not only have policy relevance but also are enriched with research content. — Debabrata Pal, Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi, Economic&Political Weekly

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