Economics of information and the theory of economic development

Joseph Stiglitz

Brazilian Review of Econometrics, 1985, vol. 5, issue 1

Abstract: 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.

Date: 1985
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Working Paper: Economics of Information and the Theory of Economic Development (1985)
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Persistent link: https://EconPapers.repec.org/RePEc:sbe:breart:v:5:y:1985:i:1:a:3129

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