Exchange and Markets in Early Economic Development: Informal Economy in the Three New Guineas (The Human Economy, 10)

Conroy, John D.

ISBN 10: 1800739680 ISBN 13: 9781800739680

Publisher: Berghahn Books, 2023

Synopsis

The idea of an informal economy emerged from, and is a critique of, the ideology of ‘economic development’. It originated from Keith Hart’s recognition of informal economic activity in 1960s Ghana. In the context of four colonialisms – German, British, Australian and Dutch – this book recounts Hart’s effort in 1972 to introduce the informal ‘sector’ into development planning in Papua New Guinea. This was problematic, because ‘the market’ was scarcely institutionalized, and traditional modes of exchange persisted stubbornly. Rather than conforming with post-colonial economic ideology, the subjected people pushed back against imposed bureaucracy to practice informal and hybrid modes of economic activity.

About this title

About the Author

John D. Conroy has been an economist and student of 'development' since 1968. He has lived and worked in Papua New Guinea and Indonesia for lengthy periods and has also had field experience in South and East Asia, and in some of the small Pacific island nations. He is a visiting scholar at the Development Policy Centre, Crawford School of Public Policy, Australian National University.

Edition details

• Publisher: Berghahn Books
• Publication date: 2023
• Language: English
• ISBN 10: 1800739680
• ISBN 13: 9781800739680
• Binding: Library Binding
• Edition number: 1
• Number of pages: 312