Institutions, Social Norms and Economic Development
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A01=Jean-Philippe Platteau
Aggregate Supply Elasticities
agricultural economics
Author_Jean-Philippe Platteau
Category=JH
Category=KCM
Civil Society
cost
economic anthropology
egalitarian
Egalitarian Norms
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_society-politics
equilibria
factor
Fairness Equilibria
Fixed Rental Contract
Generalized Morality
Gift Exchange Game
hayami
historical evolution of market institutions
Honest Behaviour
Indigenous Tenure System
Land Market
Land Sale Market
Land Sale Transactions
Land Titling
markets
Moral Norms
Mutual Insurance
nash
Nash Equilibrium
Net Farm Income
Northern Guinea Savanna
Pointe Noire
population density impact
Private Wealth Accumulation
Property Rights School
property rights theory
rule of law development
rural
Self-enforcing Equilibria
Strict Nash Equilibria
transaction
trust and transaction costs
Ultimatum Game
Younger Men
yujiro
Product details
- ISBN 9789058230584
- Weight: 771g
- Dimensions: 156 x 234mm
- Publication Date: 20 Sep 2000
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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In order for economic specialization to develop, it is important that well-defined property rights are established and that suspicion and fear of fraud do not pervade transactions. Such conditions cannot be created ex abrubto, but must somehow evolve. What needs to develop is not only suitable practices and rules themselves, but also the public agencies and moral environment without which generalized trust is difficult to establish. The cultural endowment of societies as they have developed over their particular histories is bound to play a major role in this regard, and the matter of cultual endowment is one of the central themes of this book.
On the other hand, division of labour does not only require well-enforced property rights and trust in economic dealings. It is also critically conditioned by the thickness of economic space, itself dependent on population density. This provides the second major theme of the volume: market development, including the development of private property rights is not possible, or will remain very incomplete, if populations are thinly spread over large areas of land. The book makes special reference to sub-Saharan Africa.
