Institutions and Development
Tuesday, April 2, 2002

The Rise of the Market Order: Endogenous and Exogenous Forces

Abstract

According to the economic researches and anthropology, This lecture will highlight what could be endogenous in the formation of the market order, and will present adequate analytical tools. These endogenous factors has always to do with decentralized mechanisms of reputation. Then, it will discuss the limits of an entire endogenous approach regarding the emergence of a market order.