Beyond greed and bribes: Economic rational of corruption in Pakistan



Abstract. The paper explains how Pakistani economy has maintained equilibrium despite prevalence of rampant corruption in the society. However it is not to say that this is a Pareto optimal equilibrium considering higher standards of the state of the economy and social empowerment witnessed in regions like European Union or the North America. 

Keywords. Rent Seeking, Behavioral Economics.

JEL. A10.


Rent Seeking, Behavioral Economics.

Full Text:


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Journal of Economic and Social Thought - J. Econ. Soc. Thoug. - JEST -

ISSN: 2149-0422

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