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Notional Contracts: The Moral economy of contract farming arrangements in India

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TLDR
The authors examined the moral economy of firm-farmer contracts in contract farming schemes in India, bringing together data from field surveys, conducted between 2007 and 2010, of 42 agribusinesses and 484 contract farmers from multiple commodity sectors.
Abstract
This study examines the moral economy of firm-farmer contracts in contract farming schemes in India, bringing together data from field surveys, conducted between 2007 and 2010, of 42 agribusinesses and 484 contract farmers from multiple commodity sectors. The central argument of this paper is that contract farming relationships in India are seen more as relationships and less as contracts, with formal enforcement mechanisms playing only a peripheral role in maintaining and supporting transactions. This is related only in part to the costs and inefficacy of formal enforcement mechanisms. Both firms and farmers prefer to operate outside the prescribed legal-institutional structure whenever these structures are perceived to undermine the handshake ethic. The findings indicate that state policies that presume legal institutional development to be necessary and sufficient for promoting agribusiness interaction with farmers might be misplaced if not merely ineffective.

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Lawlessness and Economics: Alternative Modes of Governance

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Agri-food Value Chain Revolutions in Low- and Middle-Income Countries

TL;DR: In this article , an integrated, structured, empirical narrative of how and why AVC revolutions occur in developing countries, the impacts of those changes, and the abundant economic research opportunities these structural changes afford economists.

New Markets for Smallholders in India: Exclusion, Policy and Mechanisms

Sukhpal Singh
TL;DR: Sukhpal Singh as discussed by the authors examines the new corporate interface with primary producers in a small farmer-dominated economy and contextualises the issue from the perspective of smallholders, and examines contract farming arrangements to show the exclusion of small producers from the retail chain; the performance of modern (supermarket) food retail chains in India and their spread and penetration into, or interface with, farmers.
References
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Ronald H. Coase
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TL;DR: In the classic bestseller, Capitalism and Freedom, Friedman presents his view of the proper role of competitive capitalism as both a device for achieving economic freedom and a necessary condition for political freedom as mentioned in this paper.
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Exit, voice, and loyalty : responses to decline in firms, organizations, and states

TL;DR: Zimbardo et al. as discussed by the authors studied the effects of severity of initiation and high penalties for exiting from public goods (and evils) on consumer reactions to price rise and quality decline in the case of several connoisseur goods.
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Economy and society : an outline of interpretive sociology

TL;DR: In this article, the authors discuss the economy and the Arena of Normative and De Facto Powers in the context of social norms and economic action in the social sciences, and propose several categories of economic action.