Beyond the Miracle of the Market

As Capitalism Defeated Socialism In Eastern Europe The Market Displaced The State In The Developing World. Robert Bates Focuses On Kenya A Country That Continued To Grow While Others Declined In Africa And Criticizes The Neo-Classical Turn In Development Economics. Attributing Kenya''S Exceptionalism To Its Economic Institutions Bates Relates Its 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.