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Significance of the Distribution of Income and Structure of Credit Market

  • Asim K. Dasgupta
Chapter

Abstract

The importance of distribution of income and structure of credit market as factors responsible for this crisis is brought out more precisely in this chapter, where the results of this model are compared with those of a hypothetical situation involving a more equal distribution of income and a more perfect credit market. It is shown that the two crucial issues—equalisation of income and perfection of the rural credit market—are essentially interconnected. It is therefore not possible to lessen this imperfection without improving the equality-content of distribution of income.

Keywords

Inequality Imperfection of credit market 

References

  1. Bhaduri, A. (1983). The Economic Structure of Backward Agriculture. London: Academic Press.Google Scholar
  2. Stiglitz, J. E. (2015). The Great Divide. New York: W.W. Norton & Company.Google Scholar

Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Asim K. Dasgupta
    • 1
    • 2
  1. 1.Former Finance MinisterWest BengalIndia
  2. 2.Former Professor of EconomicsCalcutta UniversityWest BengalIndia

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