![]() ![]() In this sense, it is an all-inclusive volume covering the relevant aspects on the subject. The book discusses the theories and empirical evidence on economic discrimination, its outcomes and policies. Ashwini Despande’s The Grammar of Caste: Economic Discrimination in Contemporary India deals with this neglected theme of “identity and the economics” in the Indian context and discusses how economic outcomes are shaped by caste identity. Similarly, the rules and norms that govern exchange in various markets also matter. The relaxation of the assumption of institutional neutrality led to the rise of the branch of institutional economics, which now recognises that institutions (rules, norms, and ideologies) matter in economic outcomes. However these protected walls have been dismantled in stages, and have eventually led to the development of various branches of economics. O deal with the complexity of economic behaviour with greater ease, theories have developed behind the protected walls of “other things being given” to isolate the infl uence of other factors in economic decisions. ![]()
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