Beyond the Miracle of the Market: The Political Economy of Agrarian Development in Kenya (Political Economy of Institutions and Decisions) Book + PRICE WATCH * Amazon pricing is not included in price watch

Beyond the Miracle of the Market: The Political Economy of Agrarian Development in Kenya (Political Economy of Institutions and Decisions) Book

The last two decades of the 20th Century witnessed the first generation of economics reforms -- ones that promoted the market and denigrated the state. This book was one of the first to expose the inadequacy of this position and to demonstrate the importance of institutions for economic behavior. Noting that Kenya grew while other countries were declining, it attributed Kenya's exceptionalism to its economic institutions, which enabled people to undertake productive activities that they would have been afraid to undertake in purely market settings, i.e. settings that lacked political regulation and governing institutions.Read More

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  • Product Description

    As capitalism defeated socialism in Eastern Europe, the market displaced the state in the developing world. Robert Bates focuses on Kenya, a country that continued to grow while others declined in Africa, and criticizes the neo-classical turn in development economics. Attributing Kenya's exceptionalism to its economic institutions, Bates relates its subsequent economic decline to the change from the Kenyatta to the Moi regime--and the subsequent use of the power of economic institutions to redistribute rather than to create wealth.

  • 0521617952
  • 9780521617956
  • Robert H. Bates
  • 9 May 2005
  • Cambridge University Press
  • Paperback (Book)
  • 226
  • 2
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