Labor market underpinnings of a caste economy: Foiling the coase theorem

James G. Scoville

Research output: Contribution to journalArticlepeer-review

22 Scopus citations

Abstract

Previous modellings by Akerlof and Scoville of a caste based economy, exemplified historically by India - in which occupations are hereditary, compulsory, and endogamous - are reviewed and contrasted. Coase/North arguments are advanced about the possible bases for labor market segmentation which would render such a caste-type system immune to erosion by labor market competition. Historical and contemporary evidence is presented to support these arguments.

Original languageEnglish (US)
Pages (from-to)385-394
Number of pages10
JournalAmerican Journal of Economics and Sociology
Volume55
Issue number4
DOIs
StatePublished - Oct 1996

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