Trajectories and Mercantifers

John Lepper
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John Lepper: Lancaster University

Chapter 12 in An Enquiry into the Ideology and Reality of Market and Market System, 2011, pp 176-184 from Palgrave Macmillan

Abstract: Abstract All persons, no matter how influential or powerful they may be, face a continual choice between performing tasks themselves and performing them in concert with others. The choice of concerted action may develop in a variety of politarian directions including cooption, coercion and cooperation as well as engaging in an appropriate mercantifer (Coase, 1937/1990). A person engaging in a mercantifer has chosen to employ a set of existing social relationships in tackling the task at hand and has rejected the alternative courses of either employing her own resources or directly mobilising others for this purpose. The choice of a mercantifer is, thus, a choice in favour of collective action.3

Keywords: Collective Action; Average Cost; Concerted Action; Market System; Closed Trajectory (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_13

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DOI: 10.1057/9780230346802_13

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