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Wealth and Illfare

Wealth and Illfare: An Expedition through Real Life Economics 

C. T. Kurien

Published 27 Feb 2015 by  WEA Books, 270 pages, $10.00

WEALTH and ILLFARE is intended for readers who do not have much knowledge in economics, but are eager to know how economic systems function.

In particular, it deals with the phenomenon that many find disturbing, the soaring affluence of the few and the continuing misery of the many that is increasingly becoming evident globally and in our country.

Ownership and control over resources, different forms of mediation and asymmetry of information are identified as clues for any interested reader to develop skills to study real life economic problems.

It is a unique and timely contribution by a reputed practitioner who, over the past half a century, has influenced generations of students and through his earlier writings the general public as well.

TABLE OF CONTENTS

INTRODUCTION 6

Part I: BASIC ECONOMIC ACTIVITIES AND RELATIONSHIPS 15

Chapter 1: Economics of a Single Household 17

Chapter 2: Economics of Multiple Households 29

Chapter 3: Exchange and Intermediation 42

Part II: THE INTERMEDIARIES 52

Chapter 4: Money and Markets 54

Chapter 5: Banking and Finance 68

Part III: PRODUCTION AND AGGREGATION 93

Chapter 6: The Organization of Production 95

Chapter 7: The State 113

Chapter 8: The National Economy 126

Chapter 9: The Global Economy 152

Part IV: THE INDIAN ECONOMY 184

Chapter 10: The Indian Economy: Evolution and Structure 185

Chapter 11: Growth and Transformation 203

Chapter 12: India Today: Wealth and Illfare 226

CONCLUSION 250

 

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