Making a Market

Name: Making a Market
Brand: Cambridge University Press
SKU: 9780521420600
Price: 455.91 RON
Availability: InStock

The Institutional Transformation of an African Society

Autor: Jean Ensminger

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Legare: Copertă tare

Editura: Cambridge University Press

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Economists have devoted considerable effort to explaining how a market economy functions, but they h...

Informații despre carte

Autor

Jean Ensminger

Limbă

engleză

Legare

Carte - Copertă tare

Publicat

1992

Pagini

230

EAN

9780521420600

ISBN

0521420601

Enbook ID

02030301

Editura

Cambridge University Press

Greutate

470

Dimensiuni

157 x 235 x 16

Descriere completă

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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Making a Market

The Institutional Transformation of an African Society

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