The principal aim of Section F of the British Association is to show how economicanalysis can be applied to illuminate important issues of public concern. The themefor the 1997 Section F Meeting of “Equality and Opportunity” surely satisfied thiscriterion. The subject matter is highly...

During the last two decades West Bengal has led the rest of the country with regard to agricultural performance andimplementation of panchayat institutions. But these developments have begun to level out. At the same time the state hasfallen behind in other sectors – industry, higher education...

We analyze a simple and tractable model of occupational choice in the presence of credit marketimperfections. We examine the effect of parameters governing technology and transaction costs, andhistory, in terms of the initial wealth distribution, in determining the long-term wealth...