Making a Market by Jean Ensminger
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Making a Market
By Jean Ensminger

Making a Market

The Institutional Transformation of an African Society

By (author) See other recent books by Jean Ensminger
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Format: Paperback

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Making a Market by Jean Ensminger

Book Description

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.

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Book Details

ISBN: 9780521574266
ISBN-10: 0521574269
Format: Paperback
(228mm x 152mm x 13mm)
Pages: 234
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 13-Sep-1996
Country of Publication: United Kingdom

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Books By Author Jean Ensminger

Making a Market by Jean Ensminger Making a Market, Hardback (November 1992)

This 1993 book analyses the process by which the market was introduced into the economy of a group of Kenyan pastoralists.

» View all books by Jean Ensminger

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