Making a Market

The Institutional Transformation of an African Society

AvJean Ensminger,Randall Calvert

Häftad, Engelska, 1996

Del i serien Political Economy of Institutions and Decisions

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Beskrivning

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.

Produktinformation

Utgivningsdatum:1996-09-13
Mått:153 x 230 x 14 mm
Vikt:350 g
Format:Häftad
Språk:Engelska
Serie:Political Economy of Institutions and Decisions
Antal sidor:234
Förlag:Cambridge University Press
ISBN:9780521574266

Utforska kategorier

Ekonomisk politik inom Ekonomi och Ledarskap

Recensioner i media

"Jean Ensminger's account of economic transformations among the pastoral Orma of eastern Kenya applies a new theoretical perspective to the study of cultural change. In particular, the book's ethnographic accuracy and theoretical integration are outstanding. I dare say that it will have a major impact on anthropological studies of economic change as it goes far beyond a mere description of what changes, but looks also for explanations of why individual behavior and institutions evolve in one direction and not in another." Zeitschrift fur Ethnologie

Innehållsförteckning

1. A proper marriage: new institutional economic anthropology; 2. Transaction costs: the history of trade among the Orma; 3. Distribution of the gains from trade; 4. Agency theory: patron-client relations as a form of labor contracting; 5. Property rights: dismantling the commons; 6. Collective action: from community to state; 7. Conclusion: ideology and the economy.