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A Not-so-dismal ScienceA Broader View of Economies and Societies$
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Mancur Olson and Satu Kähköhnen

Print publication date: 2000

Print ISBN-13: 9780198294900

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198294905.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 22 October 2019

The Nature of Institutional Impediments to Economic Development

The Nature of Institutional Impediments to Economic Development

Chapter:
(p.245) 10 The Nature of Institutional Impediments to Economic Development
Source:
A Not-so-dismal Science
Author(s):

Pranab Bardhan (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0198294905.003.0011

Consideration is given to the impediments to economic development and the social dysfunctions that market mechanisms cannot cure because the large number of collective actions required cannot emerge spontaneously. The focus of the chapter is to a large extent on differing emphases on (1) institutional impediments as outcomes of distributive conflicts, (2) the collective action problems these impediments exacerbate, and (3) in view of the critical need for coordination, a more complex and nuanced role of the state, which many (but not all) states fail to adopt. Recent Indian economic history provides the context of the discussion.

Keywords:   collective action, conflict, economic development, impediments, India, institutions, market mechanisms, markets, role of the state, social dysfunction, state action

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