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.
In this book, Professor Dahlman applies modern economic methodology to an old historical problem. He demonstrates how the quaint institutions of the ancient English open field system of agriculture can be understood as an intelligent and rational adaptation to a particular problem of production and to certain historical circumstances. He argues that the two major characteristics of this type of agriculture - scattered strips owned by individual peasants and extensive areas of common land - both fulfilled vital economic functions. This overturns the traditional view of the open field system as inefficient and rigidly bound by tradition, and throws light on the behaviour of medeival peasants. Professor Dahlman also offers some generalisations about the economic theory of institutions and institutional change, refuting the idea that an economic analysis of institutions must necessarily be deterministic. As a challenge to some of the fundamental criticisms of the application of economic theory to historical problems, the book will be of great interest to agrarian historians and to economic historians generally, as well as to specialists in the medieval period.
This book provides a thorough introduction to and examination of agricultural value chains in Sub-Saharan Africa. First, the authors introduce the economic theory of agri-food value chains and value chain governance, focusing on domestic and regional trade in (and consumption of) food crops in a low-income country context. In addition to mainstream and heterodox thinking about value chain development, the book pays attention to political economy considerations. The book also reviews the empirical evidence on value chain development and performance in Africa. It adopts multiple lenses to examine agricultural value chains, zooming out from the micro level (e.g., relational contracting in a context of market imperfections) to the meso level (e.g., distributional implications of various value chain interventions, inclusion of specific social groups) and the macro level (underlying income, population and urbanization trends, volumes and prices, etc.).Furthermore, this book places value chain development in the context of a process the authors refer to as structural transformation 2.0, which refers to a process where production factors (labor, land and capital) move from low-productivity agriculture to high-productivity agriculture. Finally, throughout the book the authors interpret the evidence in light of three important debates: (i) how competitive are rural factor and product markets, and what does this imply for distribution and innovation? (ii) what role do foreign investment and factor proportions play in the development of agri-food value chains in Africa? (iii) what complementary government policies can help facilitate a process of agricultural value chain transformation, towards high-productive activities and enhancing the capacity of value chains to generate employment opportunities and food security for a growing population.
This book argues that development strategies have thus far failed in Western Africa because the many challenges afflicting the area have yet to be explored and understood from the perspective of institutional resources. With a particular focus on three countries on the bend of the Upper West African coast – Guinea, Liberia and Sierra Leone – this book offers a theory to account for the nature of these institutional elements, to test deductions against evidence, and finally to propose a reset for rural development policy to make fuller use of local institutional resources. Based on quantitative analysis and eight years of multidisciplinary field research, this volume features several large-scale RCTs in the domain of rural development, local governance, and nature conservation. The authors address one of the biggest topics in agricultural and development economics today: the structural transformation of poor, agrarian economies, and they do so through the important and unique lens of institutions.
Paper on the effect of established practices in respect of land tenure on economic development in developing countries - includes sections on (1) income distribution and demand consequences, (2) economic and political power distribution, (3) investments in agriculture and supply consequences, (4) investments in other sectors of the economy, and (5) rural migration to the cities, and covers relevant economic theory, economic implications, political aspects, etc. Bibliography pp. 29 to 32.
In this book, Professor Dahlman applies modern economic methodology to an old historical problem. He demonstrates how the quaint institutions of the ancient English open field system of agriculture can be understood as an intelligent and rational adaptation to a particular problem of production and to certain historical circumstances. He argues that the two major characteristics of this type of agriculture - scattered strips owned by individual peasants and extensive areas of common land - both fulfilled vital economic functions. This overturns the traditional view of the open field system as inefficient and rigidly bound by tradition, and throws light on the behaviour of medeival peasants. Professor Dahlman also offers some generalisations about the economic theory of institutions and institutional change, refuting the idea that an economic analysis of institutions must necessarily be deterministic. As a challenge to some of the fundamental criticisms of the application of economic theory to historical problems, the book will be of great interest to agrarian historians and to economic historians generally, as well as to specialists in the medieval period.
First published in 1970. The aim of this book is to provide an introduction to the special problems of agriculture in modern economies. The author writes for students of economics who have already acquired the elements of economic theory; no attempt is made, therefore, to explain simple theoretical concepts, but instead these are used in the analysis of some of the main problems of agricultural adjustment. Emphasis is placed on the position of agriculture in the economies of western Europe and of the United States. Sufficient historical background is given to explain the present use of the factors of production in agriculture and the way in which this use and policies of agricultural support vary from one country to another. Agricultural support policies are discussed with reference to their effect on consumers, producers and on rural society.
