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Market institutions, trust and norms: exploring moral economies in Nigerian food systems

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  • Fergus Lyon
  • Gina Porter

Abstract

Informal market institutions and small-scale traders are responsible for feeding Nigerian cities. This study analyses a range of economic relationships and institutions that have evolved in the context of inadequate formal institutions such as banks and legal contracts. Through examining both personal relationships and institutional based trust, the paper explores the role of moral norms. Trust is shown to be related to sanctions, information on other parties and a range of norms that are drawn on both calculatively and habitually. The perceived moralities of different forms of institution (such as credit systems, trader associations and commission agents) are also examined. Copyright The Author 2007. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.

Suggested Citation

  • Fergus Lyon & Gina Porter, 2009. "Market institutions, trust and norms: exploring moral economies in Nigerian food systems," Cambridge Journal of Economics, Oxford University Press, vol. 33(5), pages 903-920, September.
  • Handle: RePEc:oup:cambje:v:33:y:2009:i:5:p:903-920
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    File URL: http://hdl.handle.net/10.1093/cje/bem008
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    References listed on IDEAS

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    1. Thomas R. Michl, 1988. "The Two-Stage Decline in U.S. Nonfinancial Corporate Profitability, 1948-1986," Review of Radical Political Economics, Union for Radical Political Economics, vol. 20(4), pages 1-22, December.
    2. James Crotty, 2009. "Structural causes of the global financial crisis: a critical assessment of the 'new financial architecture'," Cambridge Journal of Economics, Oxford University Press, vol. 33(4), pages 563-580, July.
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    Cited by:

    1. Carias Vega, Dora & Keenan, Rodney J., 2016. "Transaction costs and the organization of CFEs: Experiences from ejidos in Quintana Roo, Mexico," Forest Policy and Economics, Elsevier, vol. 70(C), pages 1-8.
    2. Carías Vega, Dora E. & Keenan, Rodney J., 2016. "Situating community forestry enterprises within New Institutional Economic theory: What are the implications for their organization?," Journal of Forest Economics, Elsevier, vol. 25(C), pages 1-13.

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