Kaushik Basu became Senior Vice President for Development Economics and World Bank Chief Economist on October 1, 2012. Prior to that, he was Chief Economic Adviser to the Government of India. He is on leave from his position as Professor of Economics and the C. Marks founded the Centre for Development Economics in Delhi and was its first Executive Director. He is also a founding member of the Madras School of Economics. Mr. Basu has held visiting positions at the Institute for Advanced Study, Princeton, and the London School of Economics, where he was Distinguished Visitor in 1993. He has been a Visiting Professor at Harvard University, Princeton University and M.I.T. He holds a PhD in economics from the London School of Economics. Mr. Basu is Editor of the journal Social Choice and Welfare, and served on numerous Editorial Boards, including the Journal of Economic Perspectives, Journal of Development Economics, and Journal of Public Economics. Mr. Basu’s contributions to economics span development economics, welfare economics, and game theory. He has published widely and his most recent book is Beyond the Invisible Hand: Groundwork for a New Economics published by Princeton University Press and Penguin. He is the second World Bank Chief Economist from a developing country.