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Item Details
| Title:
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MAKING A MARKET
THE INSTITUTIONAL TRANSFORMATION OF AN AFRICAN SOCIETY |
| By: |
Jean Ensminger, Randall Calvert, Thrainn Eggertsson |
| Format: |
Hardback |
| List price:
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£58.00 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
0521420601 |
| ISBN 13: |
9780521420600 |
| Publisher: |
CAMBRIDGE UNIVERSITY PRESS |
| Pub. date: |
27 November, 1992 |
| Series: |
Political Economy of Institutions and Decisions |
| Pages: |
230 |
| Description: |
This 1993 book analyses the process by which the market was introduced into the economy of a group of Kenyan pastoralists. |
| Synopsis: |
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. |
| Illustrations: |
17 tables, notes, references |
| Publication: |
UK |
| Imprint: |
Cambridge University Press |
| Returns: |
Returnable |
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