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Terry L. Anderson Editor
Terry L. Anderson is the executive director of PERC and a professor of economics at Montana State University. Rowman & Littlefield Publishers, Inc.4720 Boston Way Lanham, MD 20706 800-462-6420 www.rowmanlittlefield.com 1992; 256 pp. |
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Most research on American Indian economies seeking to explain why Indians have remained near the
bottom of the economic ladder has concentrated on resource endowments. This approach has focused policy
attention on creating government programs to expand resource exploitation either by encouraging non-Indians
to develop reservation resources or by directly enhancing reservation physical and human capital. However,
these policies have ignored institutions and the important role of local customs and privileges. This book
explicitly considers this institutional context and focuses on the rules that determine who controls
physical and human resources and who benefits from their use. The authors consider the three main
ingredients necessary for successful economies: stable government, minimal bureaucracies, and the
rule of law.
