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Nature of Mercantifers

John Lepper
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John Lepper: Lancaster University

Chapter 7 in An Enquiry into the Ideology and Reality of Market and Market System, 2011, pp 107-115 from Palgrave Macmillan

Abstract: Abstract At the outset, we defined mercantifer as a social structure which facilitates the distribution of things, ideas and actions through society. This definition is no longer precise enough for future analysis nor does it make explicit the dynamic nature of mercantifers. We, therefore, define: A mercantifer is a collection of encounters between forces of demand for and supply of a thing, action or idea that exists in a particular society at a particular time.

Keywords: Market System; Collective Choice; General Equilibrium Theory; Maximum Social Welfare; Standard Commodity (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-34680-2_8

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DOI: 10.1057/9780230346802_8

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