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Tirthankar Roy

in Company of Kinsmen

Published in print March 2010 | ISBN: 9780198063780
Published online October 2012 | e-ISBN: 9780199080144 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198063780.003.0002
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In the eighteenth century, collectives were used by societies to conduct market exchange. However, that was exactly why societies were not alike. Societies differed in collective, the extent of market exposure, and thus in the potential consequences of these institutions on the costs of market exchange. Because of these differences, societies could develop along widely different paths. In order to understand the social history of economic change in any one region, it is therefore important to determine whether cultural endowments can account for divergent patterns of economic change. This is explored in the present chapter with reference to the Indian history. The chapter discusses Indian culture and economic history and assesses how culture contributes to the emergence of modern economic growth and world inequality.

Keywords: economic history; culture; collectives; economic growth; world inequality; market exchange; social history; economic change; cultural endowments

Chapter.  5999 words. 

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