Exchange, Trade, and Markets

Jean-Claude Usunier ()
Additional contact information
Jean-Claude Usunier: University of Lausanne

Chapter Chapter 7 in About Commerce, 2025, pp 95-107 from Springer

Abstract: Abstract A commercial transaction can be viewed as a market atom. The particular features of a commercial transaction in a given sector (industry) bear an influence on the social and economic nature of the market exchange relationship. Despite their heterogeneity, the clustering of atoms within a market essentially remains a convenient fiction for analysis. In this respect, the myth of the invisible hand is the negation of trade as commerce. The central role of depersonalization and anonymity in normative visions of the market results in a sort of relational desert, the focus being on the commodity and its price, and consequently the sidelining of the commercial relationship and trade.

Keywords: Market; Economic discourse; Invisible hand; Interconnected markets; Depersonalization (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-86673-9_7

Ordering information: This item can be ordered from
http://www.springer.com/9783031866739

DOI: 10.1007/978-3-031-86673-9_7

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().