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Paperback Making a Market: The Institutional Transformation of an African Society Book

ISBN: 0521574269

ISBN13: 9780521574266

Making a Market: The Institutional Transformation of an African Society

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Book Overview

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...

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