Beyond the Miracle of the Market: The Political Economy of Agrarian Development in Kenya (Hardcover)

Robert H. Bates

ISBN 10: 0521852692 / ISBN 13: 9780521852692
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Hardcover. As capitalism defeated socialism in Eastern Europe, the market displaced the state in the developing world. In Beyond the Miracle of the Market, Bates focuses on Kenya, a country that cont.Shipping may be from multiple locations in the US or from the UK, depending on stock availability. 226 pages. 0.386. Bookseller Inventory #

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Synopsis: 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.

Book Description: 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.

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Title: Beyond the Miracle of the Market: The ...
Binding: Hardcover
Book Condition: New
Edition: 2nd.

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Book Description CAMBRIDGE UNIVERSITY PRESS, United Kingdom, 2005. Hardback. Condition: New. 2nd Revised edition. Language: English . Brand New Book ***** Print on Demand *****. As capitalism defeated socialism in Eastern Europe, the market displaced the state in the developing world. In Beyond the Miracle of the Market, first published in 2005, Bates focuses on Kenya, a country that continued to grow while others declined in Africa, and mounts a prescient critique of the neo-classical turn in development economics. Attributing Kenya s exceptionalism to its economic institutions, this book pioneers the use of new institutionalism in the field of development. In doing so, however, the author accuses the approach of being apolitical. Institutions introduce power into economic life. To account for their impact, economic analysis must therefore be complemented by political analysis; micro-economics must be imbedded in political science. In making this argument, Bates relates Kenya s 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. Seller Inventory # APC9780521852692

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Robert H. Bates
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Book Description CAMBRIDGE UNIVERSITY PRESS, United Kingdom, 2005. Hardback. Condition: New. 2nd Revised edition. Language: English . Brand New Book ***** Print on Demand *****.As capitalism defeated socialism in Eastern Europe, the market displaced the state in the developing world. In Beyond the Miracle of the Market, first published in 2005, Bates focuses on Kenya, a country that continued to grow while others declined in Africa, and mounts a prescient critique of the neo-classical turn in development economics. Attributing Kenya s exceptionalism to its economic institutions, this book pioneers the use of new institutionalism in the field of development. In doing so, however, the author accuses the approach of being apolitical. Institutions introduce power into economic life. To account for their impact, economic analysis must therefore be complemented by political analysis; micro-economics must be imbedded in political science. In making this argument, Bates relates Kenya s 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. Seller Inventory # APC9780521852692

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