Communities and Markets in Economic Development | Zookal Textbooks | Zookal Textbooks
  • Author(s) Masahiko Aoki / The late Yujiro Hayami
  • Edition
  • Published1st December 2000
  • PublisherOxford University Press UK
  • ISBN9780199241019
This volume presents historical, contemporary, and theoretical perspectives on the role of local communities and social norms in the economic development process. Using historical evidence combined with recent developments in institutional economics involving game theory and contracts, it establishes that communities can enhance the development of a market economy under certain circumstances -- and sheds light on what those circumstances are.

Communities and Markets in Economic Development

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  • Author(s) Masahiko Aoki / The late Yujiro Hayami
  • Edition
  • Published1st December 2000
  • PublisherOxford University Press UK
  • ISBN9780199241019
This volume presents historical, contemporary, and theoretical perspectives on the role of local communities and social norms in the economic development process. Using historical evidence combined with recent developments in institutional economics involving game theory and contracts, it establishes that communities can enhance the development of a market economy under certain circumstances -- and sheds light on what those circumstances are.
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