The nature of economic exchange: from “interaction” to “transaction”

La nature de l’échange économique: de l’“interaction” à la “transaction”

Emmanuel Petit ()
Additional contact information
Emmanuel Petit: BSE - Bordeaux sciences économiques - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

Post-Print from HAL

Abstract: In economic theory, the term « interaction » is used to describe the exchange relationship between agents in the market. In semantic terms, the word is used in different ways depending on whether one is in a classical model of pure and perfect competition, in a game theory model or in institutional economics. The polysemous use of the term interaction reveals different methodological positions. Among economists, however, the meaning of the term interaction does not fully overlap with that of « transaction », identified by John Dewey, in which the entities that participate in the exchange are themselves transformed – thus suggesting an extension of the analysis of interaction in economics.

Keywords: Economic exchange; Semantics; Influence; Trans-action; Inter-action; Echange économique; Sémantique (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-hme and nep-hpe
Note: View the original document on HAL open archive server: https://hal.science/hal-04493593v1
References: Add references at CitEc
Citations:

Published in Essais : revue interdisciplinaire d'Humanités, 2024, Linguistique et interdisciplinarité, 21, pp.12929. ⟨10.4000/essais.12929⟩

Downloads: (external link)
https://hal.science/hal-04493593v1/document (application/pdf)

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:hal:journl:hal-04493593

DOI: 10.4000/essais.12929

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().