From Market-Places to a Market Economy

From Market-Places to a Market Economy PDF Author: Winifred Barr Rothenberg
Publisher: University of Chicago Press
ISBN: 9780226729534
Category : Business & Economics
Languages : en
Pages : 308

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Book Description
Through innovative use of little used archival material, Rothenberg finds that the relevant economic magnitudes - farm commodity prices, wages for day and monthly farm labor, and the determinants of rural wealth holding - behaved as if they had been formed in a market. This ground breaking discovery reveals how an agricultural economy that lacked both an important export staple and technological change could experience market-led growth. To understand this impressive economic development, Rothenberg discusses a number of provocative questions.