Nirmal Sengupta. A New Institutional Theory of Production: An Application. New Delhi: Sage Publications, 2001. Hardbound. Indian Rs 495.00.

Aban Haq


Human interactive behaviour is determined by certain norms and
accepted codes of conduct at all levels of social contact. These rules
of behaviour define the parameters of social institutions such as
marriage and family. However, behavioural patterns hold importance not
only at personal levels but also in the life of a community or society.
Resultantly, we observe the evolution of institutions in all spheres of
economic and social significance. Due to their complexity and intricacy,
institutions have found the interest of all social scientists, each
analysing it under his/her own respective microscope.

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