ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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First Nature and the State

The process of policymaking in India has largely ignored the nature of the interaction between nature and institutions. One aspect of this interaction, that is, the consequences of the efforts of the state to overcome the constraints posed by nature is discussed in this essay. It does so by taking William Cronon’s concept of first nature to the southern Karnataka district of Mandya to argue that, despite the success of the Krishnaraja Sagar dam, small peasant agriculture that was the consequence, at least in part, of first nature limited the growth of agrarian capital in the district, leaving it dependent on state capital.

On Intuition in Development Economics

On Intuition in Development Economics NARENDAR PANI The recent debate on the adequacy or otherwise of theory in development economics had one common, if underemphasised, strand running through it. There was an implicit consensus that the pursuit of rigour in development economics has had a price in terms of understanding the larger picture. Dilip Mookherjee argued that research has become

On Subjectivity in Mathematical Economics

The rapid rise in the use of mathematics in economics has often been attributed to a search for objective rigour. But if we look beyond individual models to the overall practice of mathematical economics the role that subjective judgments play becomes quite evident. This paper looks at the response to this subjectivity and addresses the issue of the quality of subjective judgments in mathematical economics.
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