The Economic Philosophy of Micro-Credit System

Sudhanshu Mishra (mishrasknehu@yahoo.com)

MPRA Paper from University Library of Munich, Germany

Abstract: This paper aims at locating the practice of micro-credit system into a larger theoretical canvas of economic theory and philosophy. A systems theoretic approach has been adopted. Emergence of the ‘excluded’ class has been explained with the help of the theory of feedback. Individuals have been assumed to be myopic, local optimizer and bounded rational. In this context, the empirical experiences have been viewed and assessed as to their outcomes.

Keywords: Self-organizing system; Systems theory; Micro-credit; economic philosophy; bounded rationality; local goals; theory of groups (search for similar items in EconPapers)
JEL-codes: B52 G21 O17 (search for similar items in EconPapers)
Date: 2014-11-20
New Economics Papers: this item is included in nep-hme and nep-mfd
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https://mpra.ub.uni-muenchen.de/60083/1/MPRA_paper_60083.pdf original version (application/pdf)

Related works:
Journal Article: The Economic Philosophy of Micro-Credit System (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:60083

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