Early Life and Education
Kaushik Basu was born in a Bengali family in Kolkata, formerly known as Calcutta (West Bengal, India) and schooled at St. Xavier's Collegiate School, Kolkata. In an autobiographical essay he noted that finishing school in 1969 he was caught in a dilemma. His father wanted him to study physics. But those were revolutionary times and he wanted to study nothing. They settled on economics as half-way comprise between physics and nothing. In 1969 he moved to Delhi to do his undergraduate studies in Economics (Honors), with Mathematics as subsidiary, from St. Stephen's College. He then went on to the London School of Economics, to do his M.Sc in Economics completing it in 1974. After earning his master's degree, Basu was supposed to move to England to study law and take over his father's legal practice. But he had fallen in love with the concept of logic and deductive reasoning and became fascinated by Amartya Sen's work. He remained at the London School of Economics for his PhD, from 1974 to 1976. He did his PhD on choice theory under the tutelage of Amartya Sen.
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