IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-031-86673-9_7.html
   My bibliography  Save this book chapter

Exchange, Trade, and Markets

In: About Commerce

Author

Listed:
  • Jean-Claude Usunier

    (University of Lausanne)

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.

Suggested Citation

  • Jean-Claude Usunier, 2025. "Exchange, Trade, and Markets," Springer Books, in: About Commerce, chapter 0, pages 95-107, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-86673-9_7
    DOI: 10.1007/978-3-031-86673-9_7
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-031-86673-9_7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.