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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Making a Market: The Institutional Transformation of an African Society

Making a Market: The Institutional Transformation of an African Society

Ensminger, Jean
Calvert, Randall
Eggertsson, Thrainn

Paperback

Series: Political Economy of Institutions and Decisions

Business GeneralAnthropology

ISBN10: 0521574269
ISBN13: 9780521574266
Publisher: Cambridge University Press
Published: Sep 13 1996
Pages: 234
Weight: 0.60
Height: 0.65 Width: 5.97 Depth: 8.97
Language: English
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.

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