Marginal Gains: Monetary Transactions in Atlantic Africa
(Part of the Lewis Henry Morgan Lecture Series)
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Book Overview
In America, almost all the money in circulation passes through financial institutions every day. But in Nigeria's "cash and carry" system, 90 percent of the currency never comes back to a bank after it's issued. What happens when two such radically different economies meet and mingle, as they have for centuries in Atlantic Africa? The answer is a rich diversity of economic practices responsive to both local and global circumstances. In Marginal Gains, Jane I. Guyer explores and explains these often bewildering practices, including trade with coastal capitalism and across indigenous currency zones, and within the modern popular economy. Drawing on a wide range of evidence, Guyer demonstrates that the region shares a coherent, if loosely knit, commercial culture. She shows how that culture actually works in daily practice, addressing both its differing scales of value and the many settings in which it operates, from crisis conditions to ordinary household budgets. The result is a landmark study that reveals not just how popular economic systems work in Africa, but possibly elsewhere in the Third World.
Format:Paperback
Language:English
ISBN:0226311163
ISBN13:9780226311166
Release Date:March 2004
Publisher:University of Chicago Press
Length:232 Pages
Weight:0.75 lbs.
Dimensions:0.6" x 6.1" x 9.0"
Related Subjects
Business Business & Investing Cultural Economics History Social Science Social SciencesCustomer Reviews
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