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Stateless Commerce: The Diamond Network and the Persistence of Relational Exchange
Barak D. Richman
€ 45.99
€ 37.49
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Description for Stateless Commerce: The Diamond Network and the Persistence of Relational Exchange
Hardback. How does Manhattan's 47th Street diamond district thrive as an ethnic marketplace without lawyers, courts, and state coercion? Barak Richman draws on insider interviews to show why relational exchange based on familiarity, trust, and community enforcement succeeds and what it reveals about the modern state's limitations in governing the economy. Num Pages: 192 pages. BIC Classification: KC. Category: (P) Professional & Vocational. Dimension: 23 x 15. .
In Stateless Commerce, Barak Richman uses the colorful case study of the diamond industry to explore how ethnic trading networks operate and why they persist in the twenty-first century. How, for example, does the 47th 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 ... Read more
In Stateless Commerce, Barak Richman uses the colorful case study of the diamond industry to explore how ethnic trading networks operate and why they persist in the twenty-first century. How, for example, does the 47th 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 ... Read more
Product Details
Publisher
Harvard University Press
Format
Hardback
Publication date
2017
Condition
New
Weight
28g
Number of Pages
192
Place of Publication
Cambridge, Mass, United States
ISBN
9780674972179
SKU
V9780674972179
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-50
About Barak D. Richman
Barak D. Richman is Edgar P. and Elizabeth C. Bartlett Professor of Law and Business Administration at Duke University School of Law.
Reviews for Stateless Commerce: The Diamond Network and the Persistence of Relational Exchange
Through the eternally fascinating lens of the diamond trade, Richman explores the potential, and the shortcomings, of stateless commerce. A solid synthesis and weighty contribution.
Robert C. Ellickson, Yale Law School Offers new observations and insights into this fascinating world.
Lee K. Benham Independent Review (12/01/2018)
Robert C. Ellickson, Yale Law School Offers new observations and insights into this fascinating world.
Lee K. Benham Independent Review (12/01/2018)