Making a Market: The Institutional Transformation of an African Society (Political Economy of Institutions and Decisions) - Image 1

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Cambridge University Press Making a Market: The Institutional Transformation of an African Society (Political Economy of Institutions and Decisions)

Name: Making a Market: The Institutional Transformation of an African Society (Political Economy of Institutions and Decisions)
Brand: Cambridge University Press
Price: 53.0 GBP
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Business & Economic History

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Description

Economists have devoted considerable effort to explaining how a market economy functions, but they have given a good deal less attention to explaining how a market economy is formed. In Making a Market, Jean Ensminger analyses the process by which the market was introduced into the economy of a group of Kenyan pastoralists. Professor Ensminger employs new institutional economic analysis to assess the impact of new market institutions on production and distribution, with particular emphasis on the effect of institutions on decreasing transaction costs over time. This 1993 study traces the effects of increasing commercialisation on the economic well-being of individual households, rich and poor alike, over considerable time and analyses the process by which institutions themselves are transformed as a market economy develops.

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Used Book in Good Condition

Product Specifications

Brand: Cambridge University Press
Format: hardcover
ASIN: 0521420601
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 27 November 1992
Listed Since: 04 January 2007

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Cambridge University Press Making a Market: The Institutional Transformation of an African Society (Political Economy of Institutions and Decisions)

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