Since the seminal work of Adam Smith, markets have been considered an efficient tool for co-ordinating the behaviour of economic agents. The basic characteristic of a market economy is that the complex system of interaction among individuals is not centrally coordinated. Under the assumption of...

Since the seminal work of Adam Smith, markets have been considered an efficienttool for co-ordinating the behaviour of economic agents. The basic characteristicof a market economy is that the complex system of interaction amongindividuals is not centrally coordinated. Under the assumption of...

The book demonstrates that reform policies_including privatization of land and the shift from collective to individual farming_have a significant impact on agricultural growth, rural incomes, and poverty alleviation. The analysis spans more than 40 years of agricultural and rural development in...