This volume breaks new ground in the economic theory of institutions. The contributors
show how some of the tools of advanced economic theory can usefully contribute to an
understanding of how institutions operate. They show how sound theoretical analysis can in
fact enable economists to reach conclusions which will help practitioners avoid many
pitfalls in the formation and implementation of development policies, both within
individual countries and in the context of international aid.
Readership: Graduate students and research scholars in development economics,
agricultural economics, institutional economics, and development sociology.
Contents
General introduction; Land and labour; Credit and interlinked transactions; Marketing
and insurance; Co-operatives, technology and the State