Synopsis Economics of Asymmetric Information is an edited volume out of selected papers presented in one of the technical sessions of the 85th Conference of the Indian Economic Association held at Thiruvananthapuram. It contains altogether 17 papers presented in 5 groups. These groups and the respective authors are: Institutional Implications of Asymmetric Information Theories (U. Sankar, Nirmal Sengupta, T.V.S. Ramamohan Rao, T. Lakshmanaswamy), General Positive or Normative Issues, General Macro-economic Issues, Issues Relating to Banking and Financial Sectors, and Other Important Sectoral Applications. It also contains an Editorial Introduction by Dilip M. Nachane and Biswajit Chatterjee and Forword by Raj Kumar Sen. This book is expected to be an important addition to the growing literature on information related problems in economics.