Economics Of Household Non Market Behaviour by T Lakshmanasamy

Economics Of Household Non Market Behaviour 
by T Lakshmanasamy

Publisher	BOOKWELL
Publication Year	2014
ISBN-13	9789380574516
ISBN-10	9380574517
Price	Rs. 1195.00
Binding	Hardcover
Number of Pages	361 Pages

About the Book

This book analyses the economics of household behaviour with respect to non-market activities and the household decision making processes. The household engages itself in many non-market activities, apart from the income earning market activities. These non-market activities involve many inter- and intra-household relationships among the family members and with the society. The household relations are seen as a deliberate strategy designed by the household itself either for survival or for smoothing income flows and consumption streams in the face of risks and threats to normal income generating resources. Many non-market activities of the household like having more number of children, marital relations, migration and remittances, education of children and innovating agricultural production are some of the diversification assets in the household income portfolio for spreading risks. This diversification strategy insures against the risks to income flows and consumption streams, minimises the vulnerability to covariate risks and prevents the complete collapse of the family.  

Highlighting the significant contribution of education to economic growth and development, this book also discusses the issues in financing of education, the costs and pricing of education, the measurement of academic learning by students, choice and participation of women in education, educational infrastructure and the willingness to pay for education. It is observed that the mechanisms of subsidising education is a tricky issue, the finances for education are becoming inadequate and the households are willing to pay more for education as education confers substantial private and social returns to the investments.

The book is intended to be a reference material for the study on the decision making and behaviour of the household with respect to non-market activities that are economically productive. 

About the Author

Dr. T. Lakshmanasamy is a Professor in the Department of Econometrics, University of Madras since 2004. He is currently in charge of the Controller of Examinations in the University of Madras. During 2012, he was also in charge of the Director, Agro Economic Research Centre, and Head, Department of Economics in the University of Madras. Before joining the Econometrics faculty in 1990, he was a faculty at the Gokhale Institute of Politics and Economics, Pune during 1988-1990. He was awarded Masters Degree in Economics in 1982 and Doctorate degree in Econometrics in 1988 by the University of Madras. He was awarded the Rockefeller Foundation Special Post Doctoral Fellowship in 1992 and worked at the University of Southern California, Los Angeles, USA. He has visited the University of South Pacific, Suva, Fiji Islands in 2005, and was invited by the International Union for the Scientific Study of Population for the 26th International Population Conference at Marrakech, Morocco in 2009 and for the 27th International Population Conference at Busan, South Korea in 2013. His specialisations include Applied Econometrics, Population Economics, Development Economics, Economics of Human Behaviour, Economics of Education, Economics of Discrimination, Economics of Social Networks, Economics of Happiness, Behavioural Economics, and Neuroeconomics. He has undertaken major research projects on Financing of Higher Education funded by the Planning Commission, and Marriage and Age at Marriage of Females funded by the UGC. He has published three books on the Methodology of Applied Economic Research, Economics of Human Behaviour, and Population Dynamics and Human Development. He has more than 125 publications in reputed Journals and Books and presented research papers in 25 International Conferences and in more than 100 National Conferences. He has delivered lectures extensively on econometric methods and applications, development economics, economics of human behaviour and household decisions, recent developments in economic theory, and economic methodology, and has been a Resource Person for a number of Seminars and Research Methodology courses. His research works quantitatively analyse economic and social issues using a variety of econometric methods. His econometric works on discrimination and social issues, household decision making, and efficiency analysis are widely quoted.