The year 2020 demonstrates another surge of civil non-conventional activism in the world due to epidemiological situation and related government restrictive measures. Russia, at background “Corona-crisis” falling real incomes, retail lending households continues proliferate, along with an increase their overdue debt. deteriorating economic well-being Russians raises questions about possibility ...

This article is an attempt to contribute a view on the economic crisis from classical sociology, a voice often missing from the sociological response to the crisis. The work of Émile Durkheim provides a unique perspective here centred on morality and inequality produced in a historical context akin to our neoliberal times. It is argued there are four key points to take from Durkheim’s work. Fir...

The paper presents a general equilibrium model of a developing economy, in which the wealth distribution, the interest rate and the wage are endogenous and interact dynamically. A credit market imperfection due to limited enforcement results in credit rationing and occupational choice constraints, leading to inefficiency. Credit rationing is shown to persist as the economy develops. We also arg...

The investment decisions of small‐scale farmers in developing countries are conditioned by their financial environment. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. We conducted several experiments in northern Ghana in which farmers were randomly assigned to receive cash grants, grants of or opportunities to purchase ...