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Beyond the Miracle of the Market - The Political Economy of Agrarian Development in Kenya (Hardcover, 2nd Revised edition)
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Beyond the Miracle of the Market - The Political Economy of Agrarian Development in Kenya (Hardcover, 2nd Revised edition)
Series: Political Economy of Institutions and Decisions
Expected to ship within 12 - 17 working days
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As capitalism defeated socialism in Eastern Europe, the market
displaced the state in the developing world. In Beyond the Miracle
of the Market, first published in 2005, Bates focuses on Kenya, a
country that continued to grow while others declined in Africa, and
mounts a prescient critique of the neo-classical turn in
development economics. Attributing Kenya's exceptionalism to its
economic institutions, this book pioneers the use of 'new
institutionalism' in the field of development. In doing so,
however, the author accuses the approach of being apolitical.
Institutions introduce power into economic life. To account for
their impact, economic analysis must therefore be complemented by
political analysis; micro-economics must be imbedded in political
science. In making this argument, Bates relates Kenya's subsequent
economic decline to the change from the Kenyatta to the Moi regime
and the subsequent use of the power of economic institutions to
redistribute rather than to create wealth.
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