Exchange and Markets in Early Economic Development

John D. Conroy has been an economist and student of 'development' since 1968. He has lived and worked in Papua New Guinea and Indonesia for lengthy periods and has also had field experience in South and East Asia, and in some of the small Pacific island nations. He is a visiting scholar at the Development Policy Centre, Crawford School of Public Policy, Australian National University.

“It is a sound piece of scholarship, directed at an interesting question with important policy implications, which ranges over a broad field of largely historical data and relevant literature. It is well written and makes a significant contribution to the literature of Papua New Guinea and to that of comparative development economics.” • Ronald May, The Australian National University

• List of MapsPrefaceAcknowledgementsList of AcronymsIntroduction: An ‘Informal’ Economic HistoryPart I: Economic Informality: An Idea and Its Relevance to MelanesiaChapter 1. Keith Hart and the Idea of InformalityChapter 2. Precursors of the Informal EconomyChapter 3. Melanesia in the Trade of the Malay ArchipelagoChapter 4. Melanesian Singularity: Insights from Neoclassical EconomicsChapter 5. Traditional Trade and Exchange in Papua New GuineaChapter 6. National Capitalism in the Three New GuineasPart II: From Early Colonisation to the Pacific WarChapter 7. German and Australian New Guinea before the Pacific WarChapter 8. Chinese in New Guinea before the Pacific WarChapter 9. Hubert Murray and the Contending MoralitiesChapter 10. The Idea of a Town in Anglo-PapuaChapter 11. Papuans in Town before the Pacific WarChapter 12. Hidden Valleys: A New White Highlands?Part III: Informality in the Era of Economic DevelopmentChapter 13. Economic Development: Ideology and ApologeticsChapter 14. Obsolescence and the Preconditions for UrbanismChapter 15. Remaking Port Moresby: The Formal TownChapter 16. An Informal Town: Villages and SettlementsChapter 17. Reconstruction in Rabaul and the Seeds of Post-War GrowthChapter 18. Informal Economy on the Gazelle at the End of the Colonial EraChapter 19. Chinese Enterprise in Rabaul: Apotheosis and DeclineChapter 20. Bureaucracy and Market Economy on the FrontierChapter 21. Gorokans and Coffee in the ‘Lucky Place’Chapter 22. Formality and Informality in the Coffee EconomyChapter 23. The Triumph of Capitalism?Part IV: Birth Pangs: All These Are the Beginning of SorrowsChapter 24. The Preparatory IdeaChapter 25. Hart, Faber and the Informal Economy in Port MoresbyChapter 26. An Uneasy Trio of Formality, Informality and HybridityChapter 27. Dilemmas and Consequences of Urban GrowthConclusionReferencesIndex