Wealth and Illfare
C. T. Kurien
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
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