Exchange and Development: An Anatomy of Economic Transactions - Softcover

Cornelisse, Peter A.; Thorbecke, Erik

Softcover

ISBN 10: 1849803811 ISBN 13: 9781849803816

Publisher: Edward Elgar Publishing Ltd, 2012

Synopsis

This innovative and important book develops a new framework for analysing exchange that takes place within and outside markets over the course of development. The authors argue that development and social and economic progress are greatly enhanced by a fluent and efficient exchange system. Conversely, the process of development encourages and facilitates trade. The authors introduce the concept of exchange configurations to capture the multiplicity of settings within which exchange occurs and the many different forms exchange and transactions can take. The book shows how exchange configurations can help to identify the factors that constrain the exchange process and lead to the formulation of effective reforms. It then uses a historical analysis of systems of exchange during different phases of development over the last two millennia to illustrate different exchange configurations. Exchange and Development will appeal to students at both the graduate and undergraduate level in the fields of economic development, international trade, microeconomics, institutional economics and economic history. Researchers in universities and policy makers in governments and international agencies will also draw much benefit from the entirely novel approach formulated in this book.

About this title

Review:

'Characterizing and understanding why and how economic actors exchange goods and services is undoubtedly one of the most important concerns of economics. Cornelisse and Thorbecke provide us with a framework to better understand the bewildering diversity of forms of exchange according to items transacted, actors involved, and environments where exchanges occur. This is done by developing the novel concept of exchange configurations. This relatively simple lens makes for a fascinating re-interpretation of the long and complex process of economic development.' --Alain de Janvry, University of California at Berkeley, US

About the Author:

Peter A. Cornelisse, Professor of Public Finance, Emeritus, Erasmus University, Rotterdam, The Netherlands and Erik Thorbecke, Graduate School Professor, H.E. Babcock Professor of Economics, Emeritus, Cornell University, US

About this edition

• Publisher: Edward Elgar Publishing Ltd
• Publication date: 2012
• ISBN 10: 1849803811
• ISBN 13: 9781849803816
• Binding: Paperback
• Number of pages: 256