In standard economics, individuals are rational actors and economic forces undermine institutions that impose large inefficiencies. The persistence of the caste system is evidence of the need for psychologically more realistic models of decision-making in economics. The caste system divides South Asian society into hereditary groups whose lowest ranks are represented as innately polluted. After the historical encounter between colonial powers and...
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2016/12/27
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Policy Research Working Paper
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WPS7929
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1
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1
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2016/12/27
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Disclosed
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Caste system
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caste system
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Citation
Hoff,Karla.
Caste system (English). Policy Research working paper|no. WPS 7929 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/452461482847661084