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Kurt Weyland The Politics of Market Reform in Fragile De (Paperback) (US IMPORT) - Picture 1 of 1

The Politics of Market Reform in Fragile Democracies: Argentina, Brazil, Peru, and Venezuela by Kurt Weyland (Paperback, 2004)

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Assessing conventional approaches such as rational choice, Weyland concludes that prospect theory is vital to any systematic attempt to understand the politics of market reform. Under this theory, if actors perceive themselves to be in a losing situation they are inclined toward risks; if they see a winning situation around them, they prefer caution.