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Item Details
Title: INSTITUTIONS, SOCIAL NORMS AND ECONOMIC DEVELOPMENT
By: Jean-Philippe Platteau, Douglass C. North (Foreword)
Format: Hardback

List price: £140.00
Our price: £126.00
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ISBN 10: 9058230589
ISBN 13: 9789058230584
Availability: Usually dispatched within 1-3 weeks.
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Publisher: TAYLOR & FRANCIS LTD
Pub. date: 20 September, 2000
Pages: 361
Description: A study of economic change and development, examining humans in the totality of their physical and human environment. Drawing inspiration from Ester Boserup's studies, Platteau shows that population density relative to land abundance is the place to begin to understand the sources of norms.
Synopsis: In order for economic specialization to develop, it is important that well-defined property rights are established and that suspicion and fear of fraud do not pervade transactions. Such conditions cannot be created ex abrubto, but must somehow evolve. What needs to develop is not only suitable practices and rules themselves, but also the public agencies and moral environment without which generalized trust is difficult to establish. The cultural endowment of societies as they have developed over their particular histories is bound to play a major role in this regard, and the matter of cultual endowment is one of the central themes of this book. On the other hand, division of labour does not only require well-enforced property rights and trust in economic dealings. It is also critically conditioned by the thickness of economic space, itself dependent on population density. This provides the second major theme of the volume: market development, including the development of private property rights is not possible, or will remain very incomplete, if populations are thinly spread over large areas of land. The book makes special reference to sub-Saharan Africa.
Illustrations: black & white illustrations
Publication: UK
Imprint: Routledge
Returns: Returnable
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THE RISE OF THE WESTERN WORLD
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UNDERSTANDING THE PROCESS OF ECONOMIC CHANGE
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