Communities and Markets in Economic Development

by Masahiko Aoki and Yujiro Hayami

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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.
  • ISBN10 0191529036
  • ISBN13 9780191529030
  • Publish Date December 2000
  • Publish Status Active
  • Publish Country GB
  • Imprint Oxford University Press
  • Format eBook
  • Pages 444
  • Language English