Markets and Exchanges in Pre-Modern and Traditional Societies


Book Description

Markets emerge in recent historical research as important spheres of economic interaction in ancient societies. In the case of ancient Egypt, traditional models imagined an all-encompassing centralized, bureaucratic economy that left practically no place for market transactions, as many surviving documents only described the activities of the royal palace and of huge institutions, mainly temples. Yet scattered references in the sources reveal that markets and traders were crucial actors in the economic life of ancient Egypt. In this perspective, this volume aims to discuss the role of markets, traders and economic interaction (not necessarily organized through markets) and the use of “money” (metals, valuable commodities) in pre-modern societies, based on archaeological, anthropological, and historical evidence. Furthermore, it intends to integrate different perspectives about the social organization of transactions and exchanges and the different forms taken by markets, from meeting places where exchanges operated under ritualized procedures and conventions, to markets in which profit-seeking activities were marginal in respect with other practices that stressed, on the contrary, community collaboration. The book also deals with social forms of pre-modern exchanges in which trust and ethnic solidarity guaranteed the validity of commercial operations in the absence of formal codes of laws or accepted authorities over long distances (trade diasporas, guilds, etc.). Finally, the volume analyzes a critical aspect of small-scale trade and markets, such as the commercialization of agricultural household production and its impact on the peasant economic strategies. In all, the book covers a diversity of topics in which recent research in the fields of economic sociology, archaeology, anthropology, economics, and history proves invaluable in order to analyze the role of Egyptian trade in a broader perspective, as well as to suggest new venues of comparative research, theoretical reflection, and dialogue between Egyptology and social sciences.







Cultural Economies Past and Present


Book Description

When anthropologists and other students of culture want to compare different societies in such areas as the organization of land, labor, trade, or barter, they often discover that individual researchers use these concepts inconsistently and from a variety of theoretical approaches, so that data from one society cannot be compared with data from another. In this book, Rhoda Halperin offers an analytical tool kit for studying economic processes in all societies and at all times. She uniquely organizes the book around key concepts: economy, ecology, equivalencies, householding, storage, and time and the economy. These concepts are designed to facilitate the understanding of similarities, differences, and changes between contemporary and past economies. While this is not only a "how-to" book or handbook, it can be used as such. It will be of great value to scholars and students of archaeology and history, as well as to ethnographers and economists.




The Conditions of Social Performance


Book Description

First Published in 1998. Routledge is an imprint of Taylor & Francis, an informa company.




The Moralization of the Markets


Book Description

Nothing affects the modern economy (and society) more than decisions made in the market place, especially, but not only, decisions made by consumers. Although it is not startling to suggest that decisions made in production are affected by choices consumers make, consumers have long been viewed, not only by academic economists, as individual, isolated rational actors that make or refrain from purchases purely on the basis of narrow financial considerations. Markets are not and never were morally neutral. Market relations have always had an often taken-for-granted moral underpinning. The moralization of the markets refers to the dissolution and replacement of the conventional moral underpinnings of market conduct, for example, in the music market, financial markets, and corporate governance. It further implies not only the heightened importance of new ethical precepts, but the significant change in the role of moral ideals in market behavior. These profound transformations of economic conduct are accompanied and co-determined by societal conflicts. The moralization of markets represents thus a new stage in the social evolution of markets. The book is divided into four parts, in which the twelve chapters, written by contributors from different social science disciplines, deal with the context of the moralization of the markets; the major social institutions; and present case studies that examine European and American attitudes and behavior towards tobacco and GMO; expansion of the private and ethics in business; and how workers respond to the new corporate norms. This volume will be of interest to sociologists, economists, social scientists, and the general consumer alike.




From Market-Places to a Market Economy


Book Description

Through innovative use of little used archival material, Rothenberg finds that the relevant economic magnitudes - farm commodity prices, wages for day and monthly farm labor, and the determinants of rural wealth holding - behaved as if they had been formed in a market. This ground breaking discovery reveals how an agricultural economy that lacked both an important export staple and technological change could experience market-led growth. To understand this impressive economic development, Rothenberg discusses a number of provocative questions.




Equity Markets in Action


Book Description

An in-depth look at the nature of market making and exchanges From theory to practicalities, this is a comprehensive, up-to-date handbook and reference on how markets work and the nuances of trading. It includes a CD with an interactive trading simulation. Robert A. Schwartz, PhD (New York, NY), is Marvin M. Speiser Professor of Finance and University Distinguished Professor in the Zicklin School of Business, Baruch College, CUNY. Reto Francioni, PhD (Zurich, Switzerland), is President and Chairman of the Board of SWX, the Swiss Stock Exchange, and former co-CEO of Consors Discount Broker AG, Nuremberg.




Woodfuel Markets in Developing Countries: A Case Study of Tanzania


Book Description

This title was first published in 2000: Woodfuels in developing countries, particularly Africa, remain a basic need for urban households, who depend heavily on them for their energy needs. This work examines the confusion about the environmental and social impacts of woodfuel use, and the structure of informal sector woodfuel markets. Using data from a year of survey field work in Tanzania, the author questions assumptions of poorly functioning woodfuel markets and their impact on environment and society. Approaching the unregulated woodfuel markets as industrial organizations, the author uses a classic structure previously applied to developed markets in industrialized countries, to determine the competitiveness and efficiency of woodfuel markets. Results indicate well-functioning makets under most circumstances and the study details the variables which enhance market sustainability. The social and environmental implications of woodfuel use as it exists, and suggestions to policymakers for improvements to enhance the sustainability of the system and the environment, complete the study. The study should be useful for those interested in energy and environmental issues or informal markets (including agricultural markets) in developing countries, and to those interested in industrial organization as applied to the Third World.




Social Contracts and Economic Markets


Book Description

The thesis of this book is that people enter into social contracts because they are different from one another and have incentives to cooperate. In economic life, people have identical interests—namely, their own se- interests—so they have an incentive to compete. The social worlds that we create, or map, and those that are already mapped for us are increasingly complex, and thus the tracking of rationality is not so straightforward, although it is everywhere evident. In a sense, this book grew out of two questions: Why hasn't the United States had a second revolution? Or is the revolution yet to come? Many have discussed the current crises that confront contemporary society, such as great economic inequalities, poverty, the declining quality of jobs, the growing power of corporate elites, and racial antago nisms. I attempt to understand these problems in terms of the radical restructuring of social life by economic and spatial forces. My specula tive thesis is that social organizations must reinforce social contracts and nurture the opportunities for them to be forged. However, contemporary organizations, particularly economic ones, have internalized the princi ples of economic markets, thereby inducing competition and easing out cooperation. In defining social contracts, I draw from Rousseau and also from Marx and his analysis of use value. One hopes that new organiza tional forms based on principles of democracy and community will evolve. In a diverse, multicultural society, this requires great mutual understanding and cooperation and the recognition of differences.