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"The narrative of development economics is now infused with discussions of institutions. Economists debate whether institutions-or other factors altogether (geography, culture, or religion)-are central to development. In this volume, leading scholars in development economics view institutions from a microeconomic perspective, offering both theoretical overviews and empirical analyses spanning three continents." "After substantial introductory chapters by Pranab Bardhan and Marcel Fafchamps, two scholars who have published important work on this topic, each of the remaining chapters examines a particular set of institutions in a unique setting. These chapters treat the effects of Angola's violent conflict on that country's development; institutional accountability in Uganda; the effect of Indonesia's ethnic diversity on the distribution of public goods; the impact of trade liberalization on India's investment climate; extended family networks in Mexico; and a microeconomic perspective on land rights in Ethiopia." "The chapters demonstrate the remarkable heterogeneity of institutions, government institutions, and families-as well as the empirical and methodological ingenuity of current research into this crucial topic." "Timothy Besley is Kuwait Professor of Economics and Political Science and Director of STICERD (Suntory and Toyota International Centres for Economics and Related Disciplines) at the London School of Economics. He is the author of Principled Agents? The Political Economy of Good Government. Rajshri Jayaraman is Assistant Professor at the European School of Management and Technology, Berlin."--Jacket.

Economic policy -- Case studies. --- Institutional economics -- Case studies. --- Organizational change -- Case studies. --- Institutional economics --- Economic policy --- Organizational change --- Business & Economics --- Economic Theory --- Economics --- E-books --- ECONOMICS/Microeconomics --- ECONOMICS/Trade & Development

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Governments in liberal democracies pursue social welfare, but in many different ways. The wellbeing approach instead asks: Why not focus directly on increasing measured human happiness? Why not try to improve people’s overall quality of life, as it is subjectively seen by citizens themselves?The radical implications of this stance include shifting attention to previously neglected areas (such as mental health and ‘social infrastructure’ services) and developing defensible measures of overall wellbeing or quality of life indicators. Can one ‘master’ concept of wellbeing work to create more holism in policy-making? Or should we stick with multiple metrics? These debates have been live in relation to an alternative ‘capacities’ approaches, and they are well-developed in health policymaking. Most recently, the connections between wellbeing and political participation have come into sharper focus.Wellbeing remains a contested concept, one that can be interpreted and used differently, with consequences for how it is incorporated into policy decisions. By bringing together scholars from economics, psychology and behavioural science, philosophy and political science, the authors explore how different disciplinary approaches can contribute to the study of wellbeing and how this can shape policy priorities.

Society & culture: general --- Social welfare & social services --- Behavioural theory (Behaviourism) --- Political science & theory --- Wellbeing; Policy; Social justice; COVID-19; Inequality --- Well-being.