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64 records from EconBiz based on author Name
1. Markets, morals and development : rethinking economics from a developing country perspective
abstractIntroduction -- Thinking Like an Economist, Especially in a Less Developed Country -- The Ethical Basis of Economic Theory and Practice -- Institutions, Morality Norms and Development -- Amartya Sen's Ideas in the Context of Socio-Economic Progress of Bangladesh -- Is there an Economics of Social Business?
Mahmud, Wahiduddin;2022
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2. Economics in Search of a Moral Philosophy
abstractThe purpose of this essay is to review the state of economics as a discipline in light of how and to what extent ethical considerations and the precepts of moral philosophy affect the theory and application of economics. In its pursuit for purely ‘objective’ analyses and, thereby, attain the status of a science, modern neo-classical economics is constrained by self-imposed limitations in making value judgments about justice and fairness in a market economy. Adam Smith’s idea of “invisible hand” of the market driven by self-interested behaviour has sometimes been interpreted, wrongly, as a kind of market fundamentalism that ignores many failures and brutalities of the modern-day capitalism. While many ethical elements do go into economic policy analyses, these are still constrained by the discipline’s neglect of non-market activities and its tendency to undervalue the aspects of well-being which cannot be easily measured in monetary terms. This essay argues that economists may do better by improving their understanding of the complexity of human behaviour and the functioning of market institutions by embracing new ideas developed in other disciplines, such as neuroscience, experimental psychology and political sociology; they also need to allow more scope for ethical judgments in their choice of topics for inquiry, in their methodological approaches and in drawing policy conclusions. Without losing the analytical rigour, which is the hallmark of the discipline, economics needs to be broader in order to be better
Mahmud, Wahiduddin;2021
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3. Social business within the realm of new economics?
Mahmud, Wahiduddin;2021
Type: Aufsatz in Zeitschrift; Article in journal;
4. Is There an Economics of Social Business
abstractThe idea of social business, as advocated by Nobel Peace laureate Muhammad Yunus, has drawn considerable attention from the global business community and many business schools around the world, but so far there has been little response from the mainstream economic profession. This paper explores the reasons for this apathy and explores the ways in which the concept of social business could be reconciled with economic theorizing. It also argues that a rigid definition of social business may leave a grey area in between such businesses and the purely profit-motivated ones, particularly since the ‘social' element may exist in various extents in the running of a business. Although the paper primarily looks at the analytical aspects of the concept of social business, it does examine some of the risks and pitfalls involved in the actual implementation of such a business idea
Mahmud, Wahiduddin;2017
Availability: Link
5. The theory and practice of microcredit
Mahmud, Wahiduddin; Osmani, Siddiqur Rahman;2017
6. Is there an economics of social business?
Mahmud, Wahiduddin;2017
Type: Aufsatz in Zeitschrift; Article in journal;
7. The theory and practice of microcredit
abstract1. Introduction -- 2. Microcredit in Bangladesh : how the credit markets work -- 3. Microcredit in Bangladesh : how the microcredit model works -- 4. Theories of microcredit : group lending and moral hazard -- 5. Theories of microcredit : adverse selection and repayment enforcement -- 6. When theory meets reality : testing the theories of microcredit -- 7. Economic impact of microcredit : the experience of Bangladesh -- 8. Patterns of loan use -- 9. The economics of microenterprise -- 10. Micro-entrepreneurship and economic development.
Mahmud, Wahiduddin; Osmani, Siddiqur Rahman;2017
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Citations: 4 (based on OpenCitations)
8. Bangladesh : The Limits of a Developmental Welfare State under Governance Dysfunction
abstractBangladesh portrays the image of a developmental welfare state, as reflected in the country's Constitution and in numerous official policy documents including the successive Five-Year Plans. The implementation of the policies and programmes, however, has to contend with a serious problem of governance dysfunction, as the country is rated very poorly according to most global indicators of political and economic governance. Yet, somewhat paradoxically, the state appears to deliver on many of the welfare promises, as witnessed in the remarkable achievements in human development indicators and reduction in poverty levels taking place during the last two decades or so. In this paper, we try to explain this paradox in respect of the effectiveness of welfare-oriented policies like ensuring food security and provisioning of public services and social protection. In doing so, we look at the underlying political incentives and accountability mechanisms, while pointing to the limits of further progress under governance constraints. The paper does not, however, deal with the broader question of how governance impacts on the welfare of the poor through the mediation of the links between governance and the overall economic performance of the country
Mahmud, Wahiduddin; Mahmud, Simeen;2015
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9. Paths to Development : Is There a Bangladesh Surprise?
abstractUsing aggregate indices of education, health, demographic, and gender equality outcomes, we empirically investigate the hypothesis that Bangladesh achieved a higher level of social development compared with countries of similar level of per capita income. Stylized facts and cross-country regression results support this hypothesis for a broad range of dimensions. Further tests show that such achievements do not simply reflect income-mediated channels and social expenditure programs. We conclude by speculating on the role of Bangladesh's development to sustain the process of growth and on the role of governance and institutional quality for the nexus between growth and development
Asadullah, M. Niaz; Savoia, Antonio; Mahmud, Wahiduddin;2015
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10. Bangladesh's Achievements in Social Development Indicators : Explaining the Puzzle
abstractAs the gains of Bangladesh from low-cost solutions are reaped, this analysis warns that further progress may increasingly depend on higher public social spending and an improvement in service delivery systems. Further, reductions in child and maternal mortality will require more expensive interventions and the provision of relatively costly health services. While remarkable progress has been made in school enrollment, especially for girls, there are serious concerns now about the quality of education
Mahmud, Wahiduddin; Asadullah, M. Niaz; Savoia, Antonio;2015
Availability: Link