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The role of ideological change in India's economic liberalization

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  • Adhia, Nimish

Abstract

The paper describes the role of ideological change in India's economic liberalization and provides evidence for it. Since the 1980s the most prevalent ideology has changed from condemning commerce and profit as anti-social, to tolerating—even applauding—commercial success. The paper reports on a content analysis of the most popular Hindi film each year since 1955, and finds that characters of rich merchants have changed from being portrayed as villains to being portrayed as heroes.

Suggested Citation

  • Adhia, Nimish, 2013. "The role of ideological change in India's economic liberalization," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 44(C), pages 103-111.
    • Handle: RePEc:eee:soceco:v:44:y:2013:i:c:p:103-111
    DOI: 10.1016/j.socec.2013.02.015
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    References listed on IDEAS

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    1. Viktor J. Vanberg, 2008. "On the Economics of Moral Preferences," American Journal of Economics and Sociology, Wiley Blackwell, vol. 67(4), pages 605-628, October.
    2. Arthur T. Denzau & Douglass C. North, 1994. "Shared Mental Models: Ideologies and Institutions," Kyklos, Wiley Blackwell, vol. 47(1), pages 3-31, February.
    3. Stern, Paul C., 1993. "The socio-economic perspective and its institutional prospects," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 22(1), pages 1-11.
    4. Gary S. Becker, 1983. "A Theory of Competition Among Pressure Groups for Political Influence," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 98(3), pages 371-400.
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    Cited by:

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    More about this item

    Keywords

    Economic policy; Ideology; Liberalization; Culture; India;
    All these keywords.

    JEL classification:

    • N45 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Asia including Middle East
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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