Discrete Exchanges and Relational Transactions

Josef Wieland ()
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Josef Wieland: Zeppelin University

Chapter Chapter 2 in Relational Economics, 2020, pp 17-26 from Springer

Abstract: Abstract Standard Economics analyses the laws of discrete and dyadic exchange transactions. Contrary to this, the polycontextural characteristics of Relational Transactions are developed and discussed. As a result, economic transactions are understood as attractors of multivalent actors and events. They are the basic unit of relational economics and central to understanding the material and immaterial value creation of modern societies. The problem of the resulting trade-offs and complexity of economic analysis is discussed and strictly differentiated.

Keywords: Exchange transactions; Relational transactions; Polycontexturality; Trade-offs (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:recchp:978-3-030-45112-7_2

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DOI: 10.1007/978-3-030-45112-7_2

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