Stateless Commerce: The Diamond Network and the Persistence of Relational Exchange - Hardcover

Richman, Barak D.

9780674972179: Stateless Commerce: The Diamond Network and the Persistence of Relational Exchange

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ISBN 10: 0674972171 ISBN 13: 9780674972179

Verlag: De Gruyter, 2017

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How does Manhattan's 47th Street diamond district thrive as an ethnic marketplace without lawyers, courts, and state coercion? Barak Richman draws on insider interviews to show why relational exchange based on familiarity, trust, and community enforcement succeeds and what it reveals about the modern state's limitations in governing the economy.

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�ber die Autorin bzw. den Autor

Barak D. Richman is Edgar P. and Elizabeth C. Bartlett Professor of Law and Business Administration at Duke University School of Law.

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Verlag: De Gruyter
Erscheinungsdatum: 2017
Sprache: Englisch
ISBN 10: 0674972171
ISBN 13: 9780674972179
Einband: Gebundene Ausgabe
Anzahl der Seiten: 240
Kontakt zum Hersteller: De Gruyter Saur
orders-books@degruyter.com

Genthiner Str. 13
Berlin
10785
Deutschland

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Stateless Commerce: The Diamond Network and the Persistence of Relational Exchange

Richman, Barak D.

Verlag: Harvard University Press (edition 1), 2017

ISBN 10: 0674972171 ISBN 13: 9780674972179

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Hardcover. Zustand: Fair. 1. The item might be beaten up but readable. May contain markings or highlighting, as well as stains, bent corners, or any other major defect, but the text is not obscured in any way. Bestandsnummer des Verk�ufers 0674972171-7-1

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Stateless Commerce

Barak D. Richman

Verlag: Harvard University Press, 2017

ISBN 10: 0674972171 ISBN 13: 9780674972179

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Stateless Commerce (Hardcover)

Barak D. Richman

Verlag: Harvard University Press, Cambridge, Mass, 2017

ISBN 10: 0674972171 ISBN 13: 9780674972179

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Hardcover. Zustand: new. Hardcover. In Stateless Commerce, Barak Richman uses the colorful case study of the diamond industry to explore how ethnic trading networks operate and why they persist in the twenty-first century. How, for example, does the 47th Street diamond district in midtown Manhattan-surrounded by skyscrapers and sophisticated financial institutions-continue to thrive as an ethnic marketplace that operates like a traditional bazaar? Conventional models of economic and technological progress suggest that such primitive commercial networks would be displaced by new trading paradigms, yet in the heart of New York City the old world persists. Richman's explanation is deceptively simple. Far from being an anachronism, 47th Street's ethnic enclave is an adaptive response to the unique pressures of the diamond industry.Ethnic trading networks survive because they better fulfill many functions usually performed by state institutions. While the modern world rests heavily on lawyers, courts, and state coercion, ethnic merchants regularly sell goods and services by relying solely on familiarity, trust, and community enforcement-what economists call "relational exchange." These commercial networks insulate themselves from the outside world because the outside world cannot provide those assurances.Extending the framework of transactional cost and organizational economics, Stateless Commerce draws on rare insider interviews to explain why personal exchange succeeds, even as most global trade succumbs to the forces of modernization, and what it reveals about the limitations of the modern state in governing the economy. How does Manhattans 47th Street diamond district thrive as an ethnic marketplace without lawyers, courts, and state coercion? Barak Richman draws on insider interviews to show why relational exchange based on familiarity, trust, and community enforcement succeeds and what it reveals about the modern states limitations in governing the economy. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Bestandsnummer des Verk�ufers 9780674972179

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Stateless Commerce

Barak D. Richman

Verlag: Harvard University Press, US, 2017

ISBN 10: 0674972171 ISBN 13: 9780674972179

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Hardback. Zustand: New. In Stateless Commerce, Barak Richman uses the colorful case study of the diamond industry to explore how ethnic trading networks operate and why they persist in the twenty-first century. How, for example, does the 47th Street diamond district in midtown Manhattan-surrounded by skyscrapers and sophisticated financial institutions-continue to thrive as an ethnic marketplace that operates like a traditional bazaar? Conventional models of economic and technological progress suggest that such primitive commercial networks would be displaced by new trading paradigms, yet in the heart of New York City the old world persists. Richman's explanation is deceptively simple. Far from being an anachronism, 47th Street's ethnic enclave is an adaptive response to the unique pressures of the diamond industry.Ethnic trading networks survive because they better fulfill many functions usually performed by state institutions. While the modern world rests heavily on lawyers, courts, and state coercion, ethnic merchants regularly sell goods and services by relying solely on familiarity, trust, and community enforcement-what economists call "relational exchange." These commercial networks insulate themselves from the outside world because the outside world cannot provide those assurances.Extending the framework of transactional cost and organizational economics, Stateless Commerce draws on rare insider interviews to explain why personal exchange succeeds, even as most global trade succumbs to the forces of modernization, and what it reveals about the limitations of the modern state in governing the economy. Bestandsnummer des Verk�ufers LU-9780674972179

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Stateless Commerce

Barak D. Richman

Verlag: Harvard University Press, 2017

ISBN 10: 0674972171 ISBN 13: 9780674972179

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Stateless Commerce: The Diamond Network and the Persistence of Relational Exchange

Richman, Barak D.

Verlag: Harvard University Press, 2017

ISBN 10: 0674972171 ISBN 13: 9780674972179

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Stateless Commerce: The Diamond Network and the Persistence of Relational Exchange

Barak D. Richman

Verlag: Harvard University Press, 2017

ISBN 10: 0674972171 ISBN 13: 9780674972179

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Anbieter: Kennys Bookshop and Art Galleries Ltd., Galway, GY, Irland

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Zustand: New. How does Manhattan's 47th Street diamond district thrive as an ethnic marketplace without lawyers, courts, and state coercion? Barak Richman draws on insider interviews to show why relational exchange based on familiarity, trust, and community enforcement succeeds and what it reveals about the modern state's limitations in governing the economy. Num Pages: 192 pages. BIC Classification: KC. Category: (P) Professional & Vocational. Dimension: 23 x 15. . . 2017. 1st Edition. Hardcover. . . . . Bestandsnummer des Verk�ufers V9780674972179

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