Shelby Grossman - Politics of Order in Informal Markets : How the Stat

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About this Item

The item is a book Hardback
The Author Name is Shelby Grossman
The Title is The Politics of Order in Informal Markets : How the State Shapes Private Governance

Condition New

Other Comments
New Store Stock
Content Language - English
Category - POLITICAL SCIENCE / Public Policy / Economic Policy
BUSINESS & ECONOMICS / Commerce


Product Description -
Property rights are important for economic exchange, but many governments don't protect them. Private market organizations can fill this gap by providing an institutional structure to enforce agreements, but with this power comes the ability to extort group members. Under what circumstances, then, will private organizations provide a stable environment for economic activity? Based on market case studies and a representative survey of traders in Lagos, Nigeria, this book argues that threats from the government can force an association to behave in ways that promote trade. The findings challenge the conventional wisdom that private good governance in developing countries thrives when the government keeps its hands off private group affairs. Instead, the author argues, leaders among traders behave in ways that promote trade primarily because of the threat of government intrusion.

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Location ID 245z

iHaveit SKU ID 1352100071

Unique Reference Number 2736209341