Coverart for item
The Resource Stateless commerce : the diamond network and the persistence of relational exchange, Barak D. Richman

Stateless commerce : the diamond network and the persistence of relational exchange, Barak D. Richman

Label
Stateless commerce : the diamond network and the persistence of relational exchange
Title
Stateless commerce
Title remainder
the diamond network and the persistence of relational exchange
Statement of responsibility
Barak D. Richman
Creator
Author
Subject
Language
eng
Summary
In Stateless Commerce, Barak Richman uses the diamond industry to explore how ethnic trading networks operate and why they persist in the twenty-first century. How, for example, does the Forty-Seventh Street diamond district in midtown Manhattan--surrounded by skyscrapers and sophisticated financial institutions--continue to thrive as an ethnic marketplace that operates like a traditional bazaar? Conventional models of economic and technological progress suggest that such primitive commercial networks would be displaced by new trading paradigms, yet in the heart of New York City the old world persists. Richman's explanation is deceptively simple. Far from being an anachronism, Forty-Seventh Street's ethnic enclave is an adaptive response to the unique pressures of the diamond industry. Ethnic trading networks survive because they better fulfill many functions usually performed by state institutions. While the modern world rests heavily on lawyers, courts, and state coercion, ethnic merchants regularly sell goods and services by relying solely on familiarity, trust, and community enforcement--what economists call "relational exchange." These commercial networks insulate themselves from the outside world because the outside world cannot provide those assurances. Extending the framework of transactional cost and organizational economics, Stateless Commerce draws on rare insider interviews to explain why personal exchange succeeds, even as most global trade succumbs to the forces of modernization, and what it reveals about the limitations of the modern state in governing the economy.--
Assigning source
Provided by publisher
Cataloging source
MH/DLC
http://library.link/vocab/creatorName
Richman, Barak
Dewey number
381/.4573623
Illustrations
illustrations
Index
index present
LC call number
HF1008
LC item number
.R53 2017
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Exchange
  • Statelessness
  • Diamond industry and trade
  • Consensual contracts
Label
Stateless commerce : the diamond network and the persistence of relational exchange, Barak D. Richman
Instantiates
Publication
Copyright
Bar code
31223125639410
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Statelessness in context -- A case study in statelessness: diamonds, the diamond network, and diamontaires -- The mechanics of statelessness -- A theory of statelessness -- The costs of statelessness: cartel behavior and resistance to change -- Lessons from statelessness: economic history, ethnic networks, and development policy -- Governing statelessness -- The limits of statelessness and an autopsy of cooperation
Dimensions
25 cm
Extent
xvi, 217 pages
Isbn
9780674972179
Lccn
2016050799
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)959649249
Label
Stateless commerce : the diamond network and the persistence of relational exchange, Barak D. Richman
Publication
Copyright
Bar code
31223125639410
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Statelessness in context -- A case study in statelessness: diamonds, the diamond network, and diamontaires -- The mechanics of statelessness -- A theory of statelessness -- The costs of statelessness: cartel behavior and resistance to change -- Lessons from statelessness: economic history, ethnic networks, and development policy -- Governing statelessness -- The limits of statelessness and an autopsy of cooperation
Dimensions
25 cm
Extent
xvi, 217 pages
Isbn
9780674972179
Lccn
2016050799
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)959649249

Library Locations

    • San Francisco Public LibraryBorrow it
      100 Larkin Street, San Francisco, CA, 94102, US
      37.779376 -122.415795