A short history of India's economy: A chapter in the Asian drama
read more
Citations
Globotics and development: When manufacturing is jobless and services are tradable
Policies for a Better-fed World
References
Law and the Economy in Colonial India
India Employment Report 2016: Challenges and the Imperative of Manufacturing-Led Growth
The Republic of Beliefs: A New Approach to Law and Economics
Policies for a better-fed world
Revisiting the methodology of Myrdal in Asian Drama 50 years on
Related Papers (5)
Frequently Asked Questions (8)
Q2. What is the role of incentives in creating greater work discipline among teachers?
11 For an innovative scheme of corruption control which does not involve the government but entails self-enforcing contracts among private sector firms and corporations, see Dixit (2015).sanctions—both carrots and sticks—in creating greater work discipline among teachers.
Q3. What was the main reason for India’s economic reforms?
As has been emphasized by Narayana Murthy (2004), the reforms were critically important because they cut down government bureaucracy and enabled speed in a sector that depends on that.
Q4. What are the two areas that need to be done?
For this, work is needed in two areas that have already been mentioned: namely, creating better infrastructure and cutting down bureaucracy.
Q5. What was the time to jettison the old exchange rate regime?
The oil price shock of 1973 affected the whole world; and this was also, for many countries, the time to jettison the old exchange rate regime in favour of a more flexible one.
Q6. Why did it leave its mark on economics?
Its mark on economics occurred because what Myrdal was attempting, admittedly in an inchoate way, amounted to an early precursor of both New Institutional Economics and Behavioural Economics.
Q7. What is the main argument that castes have played a role in India’s democracy?
While in itself caste is a deplorable inheritance—and, at least in speech, most founding political leaders of India spoke out against it—it has been argued by some that the castes have played a role in nurturing India’s democracy by providing focal points of coalition and political mobilization for disadvantaged groups (see Varshney 2013).
Q8. What is the problem of nations with a complex history of law-making?
There is also the problem of nations with a complex history of law-making, such as India9, where there has been such a build-up of layers of law and custom that it is now virtually impossible to avoid violating the law.