One of the principal reasons why international aid programmes have
often been unsuccessful is that imported solutions are not based
upon the indigenous institutions in developing countries. This text
argues that the economics of the Austrian school provide a far
stronger theoretical framework which can introduce cultural
analysis into questions of economic development and other market
processes. It draws on extensive ethnographic field research as
well as a critique of mainstream neoclassical analysis in a
detailed case study of women in Ghana.
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