Institutional framework for agricultural development

From: Indian Journal of Agricultural Economics | Date: January 1, 1999| Author: | Copyright information

Institutions are examined in institutional economics through different approaches. These include the agency theory, the public choice and political economy approaches, quantitative evaluation of economic history, cognitive studies, the role of ideology, and studies on path dependence. George Stigler's statement that "Economic organisation has probably been as important as technological change in historical develoment" clearly highlights the major role institutions play in determining economic development.

Institutions in Common Pool Resources: Water and Others

In the case of common pool ...

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