1st Edition

Agrarian Structure and Economic Underdevelopment

By K. Basu Copyright 1990
    108 Pages
    by Routledge

    108 Pages
    by Routledge

    Kaushik Basu (Cornell University) explores the relation between agrarian institutions and economic development.

    1 Introduction; 1.1 Antecedents; 1.2 Prospectus; 2 Stagnation and Development; 2.1 Introduction; 2.2 Market equilibrium and suboptimality; 2.3 The persistence of poverty; 2.4 Agrarian stagnation: the technical constraints; 2.5 Tenure and technology; 2.6 The law, property rights and stagnation; 2.7 The optimality of institutions; 3 Theories of Agricultural Land Tenure and Land Markets; 3.1 Introduction; 3.2 Tenancy; 3.3 The land market; 4 Labour Market Institutions and Wage Formation; 4.1 Introduction; 4.2 Surplus labour and open unemployment; 4.3 Efficiency wage, unemployment and two-tier labour markets; 4.4 Freedom and bondage; 5 The Credit Market; 5.1 Introduction; 5.2 Institutional credit; 5.3 Market fragmentation; 5.4 Shortages and rationing; 5.5 Nonlinear pricing and the structure of interest rates; 6 Interlinkage and Triadic Interactions; 6.1 Introduction; 6.2 Efficiency and exploitation; 6.3 Interlinkage; 6.4 Triadic interactions; 6.5 A comment on coercion; 7 Conclusion; Notes to sections; References; Index;

    Biography

    K. Basu