Economic Growth, Efficiency and Inequality
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Economic Growth, Efficiency and Inequality

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Description

This volume deals with a range of contemporary issues in Indian and other world economies, with a focus on economic theory and policy and their longstanding implications. It analyses and predicts the mechanisms that can come into play to determine the function of institutions and the impact of public policy.show more

Product details

  • Hardback | 226 pages
  • 140 x 218 x 22mm | 399.99g
  • Taylor & Francis Ltd
  • CRC Press
  • London, United Kingdom
  • English
  • 1138890464
  • 9781138890466

Review quote

This is a valuable book on an engaging theme that seeks to analyze the functioning of institutions to assess outcomes in terms of their impact on growth, efficiency and inequality. It demonstrates how economic theory can be used to improve our understanding of the real world and change it for the better. - Deepak Nayyar, Professor Emeritus, Jawaharlal Nehru University Economic Growth, Efficiency and Inequality is a major contribution to theory with bearing on economic policy. This well-researched and insightful volume will be a major reference work for students of economics and policy makers alike. - M. Govinda Rao, Member, Fourteenth Finance Commission of India This volume encompasses perfectly clearly written essays that reflect some of the driving themes in economics. It is a presentation for a wide set of readers. - Satya R. Chakravarty, Professor, Indian Statistical Instituteshow more

About Satish Kumar Jain

Satish K. Jain is Professor at the Centre for Economic Studies and Planning (CESP), Jawaharlal Nehru University (JNU). He was a member of the faculty at CESP during 1978-2013 and held the Reserve Bank of India Chair during 2011-13. He has authored Economic Analysis of Liability Rules (2015) and has edited Law and Economics (2010). His areas of research interest are social choice theory, and law and economics. Anjan Mukherji is Professor Emeritus at JNU and was member of faculty at CESP during 1973-2010. He was Reserve Bank of India Chair Professor during 2005-10 and was awarded the Jawaharlal Nehru National Fellowship by the Indian Council of Social Science Research (2011-13). Since 2011 he has been Honorary Visiting Professor at the National Institute of Public Finance and Policy. He has authored Walrasian and Non-Walrasian Equilibria: An Introduction to General Equilibrium Analysis (1990) and co-authored Mathematical Methods and Economic Theory (2011).show more

Table of contents

Introduction Satish K. Jain and Anjan Mukherji 1. Intersectoral Disparities and Growth Amitava Bose 2. Cycles and Crises in a Model of Debt-Financed Investment-Led Growth Soumya Datta 3. Policy-Induced Changes in Income Distribution and Profit-Led Growth in a Developing Economy Gogol Mitra Thakur 4. A Simple Dynamic Bargaining Model Amarjyoti Mahanta 5. Increasing Returns, Non-Traded Goods, and Wage Inequality Brati Sankar Chakraborty and Abhirup Sarkar 6. Equality, Priority, and Distributional Judgments S. Subramanian 7. Contest with Interdependent Valuations Rittwik Chatterjee 8. Auctions with Synergy Srobonti Chattopadhyay and Rittwik Chatterjee 9. Negligence as Existence of a Cost-Justified Untaken Precaution and the Efficiency of Liability Rules Satish K. Jain 10. The 11-20 Money Request Game and the Level-k Model: Some Experimental Results Sugato Dasgupta, Sanmitra Ghosh and Rajendra P. Kundu. About the Editors. Notes on Contributors. Indexshow more