MARC Record from marc_columbia

LEADER: 03453fam a2200433 a 4500
001 1379311
005 20220602022119.0
008 920408s1992 enkb b 001 0 eng
010 $a 92015498
020 $a0521420601
035 $a(OCoLC)25788642
035 $a(OCoLC)ocm25788642
035 $9AHN5918CU
035 $a(NNC)1379311
035 $a1379311
040 $aDLC$cDLC$dDLC
043 $af-ke---
050 00 $aDT433.545.O74$bE57 1992
082 00 $a330.996762/04/089935$220
100 1 $aEnsminger, Jean.$0http://id.loc.gov/authorities/names/n85175315
245 10 $aMaking a market :$bthe institutional transformation of an African society /$cJean Ensminger.
260 $aCambridge [England] ;$aNew York :$bCambridge University Press,$c1992.
300 $axv, 212 pages :$bmaps ;$c23 cm.
336 $atext$2rdacontent
337 $aunmediated$2rdamedia
338 $avolume$2rdacarrier
490 1 $aThe Political economy of institutions and decisions
500 $aIncludes bibiliographical references (p. 182-197) and index.
505 0 $a1. A proper marriage: new institutional economic anthropology -- 2. Transaction costs: the history of trade among the Orma -- 3. Distribution of the gains from trade -- 4. Agency theory: patron-client relations as a form of labor contracting -- 5. Property rights: dismantling the commons -- 6. Collective action: from community to state -- 7. Conclusions: ideology and the economy.
520 $aEconomists 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 this book, Jean Ensminger analyzes the process by which the market was introduced into the economy of a group of Kenyan pastoralists.
520 8 $aShe 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. Having compiled an extraordinary longitudinal data set that tracks a group of households over considerable time, she traces the effects of increasing commercialization on the economic well-being of individual households, rich and poor alike.
520 8 $aIn addition, employing anthropological methods, she analyzes the process by which institutions themselves are transformed as a market economy develops. Changes in labor relationships, property rights, and the transfer of political authority from the council of elders to the state are considered in particular detail
520 8 $a. 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. The combination of new institutional economic analysis and richly detailed anthropological case study produces a work full of insights that may serve as the basis for a more adequate theory of economic development and social change.
650 0 $aOromo (African people)$xEconomic conditions.
650 0 $aEconomic anthropology$zKenya.
650 0 $aNomads$xSedentarization$zKenya.
650 0 $aInstitutional economics.$0http://id.loc.gov/authorities/subjects/sh85066745
830 0 $aPolitical economy of institutions and decisions.$0http://id.loc.gov/authorities/names/n84729581
852 00 $bleh$hDT433.545.O74$iE57 1992