This is a revised and expanded edition of a popular textbook on the
economics of farm households in developing countries. The second
edition retains the same building blocks designed to explore
household decision-making in a social context. Key topics are
efficiency, risk, time allocation, gender, agrarian contracts, farm
size and technological change. For these and other topics,
household economic behaviour represents the outcome of social
interactions within the household, and market interactions outside
the household. A new chapter on the environment combines exposition
of economic tools not previously covered in the book with
examination of household and community decision-making in relation
to environmental resources.
General
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