The origins of the economy: a comparative study of distribution in primitive and peasant economies

New York: Academic Press Published In Pages: ??
By Pryor, Frederic L.

Hypothesis

The relative scarcity of certain factors of production play an important causal role in the presence or absence of market types (148).

Note

Credit markets appear when there are shortages of capital, and land rental markets appear when there are shortages of land.

Test

Test NameSupportSignificanceCoefficientTail
Multiple regressionSupportedUNKNOWNUNKNOWNUNKNOWN

Related Hypotheses

Main AuthorHypothesis