Institutions, the humanly devised constraints of economic activity, are outcomes of elite agency. Leveraging ideas from economics, sociology, politics, and strategic management, this book proposes an ‘elite theory of economic development’. The overarching goal is to foster sustainable value...

While economic inequality has gained prominence in the contemporary development debate, the reasons why the degree of tolerance for inequality varies among countries remain an unresolved issue. This knowledge gap has resulted in excessive policy emphasis on inequality in some countries where...