The paper aims at a conceptual contribution to the normative economic analysis of rural de-velopment (RD) policies. RD is regarded as a problem of interaction between individuals; (lacking) structural change or the (missing) integration of externalities are therefore recon-structed as...

Economic impact of Water users cooperatives: Institutional and economic dynamics in Cauvery Basin, India

There has been substantial water resources development for agriculture in India but the emphasis has been mainly on the technical side - the building of the necessary institutions required for effective management of the resource has received little attention. Many believe that water resource...

It is often stated that globalization makes a smaller world by institutional conver-gence. Economic orders become alike across the world. This article addresses institutional change triggered by the global financial crisis of 2008/2009 and challenges this general conviction of worldwide...

Four types of “economics” relevant for institutional analysis are distinguished: Standard Neoclassical Economics; Socio-Economics or Social Economics; New Institutional Economics; and Psychological Economics (often misleadingly called Behavioural Economics). The paper argues that an...

The second half of the twentieth century witnessed a dramatic transformation of the Chilean agricultural sector. From accounting for only five percent of the value of Chile’s total exports in the late 1960s, agricultural exports grew to account for more than 30 percent of this value in the mid...

This paper discusses the ethical void in Capitalism which does not look prominent in welfare societies and states. But, its effects become more eminent in tough economic conditions. Unbridled pursuit of self interest, moral relativism, incentive-led economic choices and apathy to communal...

In dem vorliegenden Beitrag werden am Beispiel des Landes Hessen die Entwicklungsperspektiven von Forstbetriebsgemeinschaften aufgezeigt. Die strukturelle Bedeutung derartiger Zusammenschlüsse für die hessische Forstwirtschaft ist auch daraus ersichtlich, dass gegenwärtig etwa die Hälfte der...