The Economic Philosophy of Micro-Credit System

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.

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Year of publication:	2014-11-20
Authors:	Mishra, SK
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Self-organizing system \| Systems theory \| Micro-credit \| economic philosophy \| bounded rationality \| local goals \| theory of groups

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	B52 - Institutional; Evolutionary ; G21 - Banks; Other Depository Institutions; Mortgages ; O17 - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011114200