Economists have increasingly adopt an action oriented approach to economic development by incorporating theory into practice. Pioneer works of Elinor Ostrom, and more recent endeavors in social economics and development economics, as that suggested...More
Economists have increasingly adopt an action oriented approach to economic development by incorporating theory into practice. Pioneer works of Elinor Ostrom, and more recent endeavors in social economics and development economics, as that suggested in the work of Esther Duflo, complement well with the research agenda in Lai and Lorne (2003) and Lorne (2010) in probing the meaning as well as methods of implementing of sustainable development. The study of BIAs in a practical setting can provide insights in the study of institutional economics in this direction. The author has presented his work at several Common Ground conferences. He is working on a continuation of this work on "A Tale of Two Cities".
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