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Vissa, Balagopal Archives - Ideas for Leaders

Modernizing without Westernizing: Social Ties and Indian Business

Classical and neo-classical economic theory is predicated largely on an ‘impersonal’ model, in which transactions between parties are governed not by social obligations and kinship ties but by rational and objective calculation of individual gains.  This model is particularly associated with industrialized societies and the mature market economies of the West. One might, therefore, reasonably […]

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