Making a Market : The Institutional Transformation of an African Society

Name: Making a Market
Brand: Cambridge University Press
SKU: 9780521574266
Price: 6150 KES
Availability: OutOfStock
ISBN: 9780521574266

by Jean Ensminger

Book Details

Format Paperback / softback

Book Series Political Economy of Institutions and Decisions

ISBN-10 0521574269

ISBN-13 9780521574266

Publisher Cambridge University Press

Imprint Cambridge University Press

Country of Manufacture GB

Country of Publication GB

Publication Date Sep 13th, 1996

Print length 234 Pages

Weight 344 grams

Dimensions 15.40 x 22.80 x 1.20 cms

Product Classification: Political economy

KSh 6,150.00

Currently unavailable 0 in stock

Delivery Location

County

Location

Delivery fee: Select location

Secure

Quality

Fast

In Making a Market, Jean Ensminger analyses the process by which the market was introduced into the economy of a group of Kenyan pastoralists. This 1993 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.

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.

Get Making a Market by Jean Ensminger at the best price and quality guaranteed only at Werezi Africa's largest book ecommerce store. The book was published by Cambridge University Press and it has 234 pages.