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Did We Explain?

In: Employment in the Informal Sector in India

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  • Ishita Mukhopadhyay

    (University of Calcutta)

Abstract

The chapter discusses the different approaches in mainstream economics as well as in heterodox framework the informal sector: its existence, its relationship with the formal sector, its production and labour relations, and its development. The question that whether economics explains the existence and dynamics becomes a larger issue which there is need to address. Institutional Economics and Political Economy poses the query of why the informal exists after all. But many other explanations take the dualistic framework as given in the economy. The chapter ends with a still continuing riddle on the sector: why does it at all exist?

Suggested Citation

  • Ishita Mukhopadhyay, 2022. "Did We Explain?," India Studies in Business and Economics, in: Employment in the Informal Sector in India, chapter 3, pages 25-40, Springer.
    • Handle: RePEc:spr:isbchp:978-981-15-0841-7_3
    DOI: 10.1007/978-981-15-0841-7_3
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