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Making a Market on Hardback by Jean Ensminger
Making a Market on Hardback by Jean Ensminger
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Making a Market

The Institutional Transformation of an African Society
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Description

In Making a Market, Jean Ensminger analyzes 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 study traces the effects of increasing commercialization on the economic well-being of individual households, rich and poor alike, over considerable time and analyzes the process by which institutions themselves are transformed as a market economy develops. This case study points out the importance of understanding the roles of ideology and bargaining power--in addition to pure economic forces, such as changing relative prices--in shaping market institutions.
Release date Australia
November 27th, 1992
Audience
  • Professional & Vocational
Pages
230
Dimensions
157x235x16
ISBN-13
9780521420600
Product ID
2362574

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Making a Market by Jean Ensminger
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