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The Social and Organizational Foundations of Economic Development

Kaushik Basu

in An Economist in the Real World: The Art of Policymaking in India

Published in print:
2015
Published Online:
September 2016
ISBN:
9780262029629
eISBN:
9780262331678
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262029629.003.0009
Subject:
Economics and Finance, South and East Asia

This chapter is an analysis of the role of social norms, culture and institutions in the effective functioning of India’s economy. Economic and financial incentives are important but, as modern ... More


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