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Economics of Information and the Theory of Economic Development

This paper shows how recent developments in the Economics of Information can provide insights into economic relations in less developed countries, and how they can provide explanations for institutions which, in neoclassical theory, appear anomalous and/or inefficient. Sharecropping and other tenancy relationships in the rural sector and wage determination and urban unemployment are both investigated within this perspective.
Year of publication:
1985-02
Authors: Stiglitz, Joseph E.
Institutions: National Bureau of Economic Research (NBER)
Extent:
application/pdf
Series:
Type of publication: Book / Working Paper
Notes:
ITI LS IFM published as Stiglitz, Joseph E. "Economics of Information and the Theory of Economic Development," Revista de Econometria, Vol. 5, No. 1, April 1985, pp. 5-32. Number 1566
Source:
Persistent link: https://www.econbiz.de/10005720666
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