Market Threads: How Cotton Farmers and Traders Create a Global Commodityby Koray Caliskan
What is a global market? How does it work? At a time when new crises in world markets cannot be satisfactorily resolved through old ideas, Market Threads presents a detailed analysis of the international cotton trade and argues for a novel and groundbreaking understanding of global markets. The book examines the arrangements, institutions, and power/i>
What is a global market? How does it work? At a time when new crises in world markets cannot be satisfactorily resolved through old ideas, Market Threads presents a detailed analysis of the international cotton trade and argues for a novel and groundbreaking understanding of global markets. The book examines the arrangements, institutions, and power relations on which cotton trading and production depend, and provides an alternative approach to the analysis of pricing mechanisms.
Drawing upon research from such diverse places as the New York Board of Trade and the Turkish and Egyptian countrysides, the book explores how market agents from peasants to global merchants negotiate, accept, reject, resist, reproduce, understand, and misunderstand a global market. The book demonstrates that policymakers and researchers must focus on the specific practices of market maintenance in order to know how they operate. Markets do not simply emerge as a relationship among self-interested buyers and sellers, governed by appropriate economic institutions. Nor are they just social networks embedded in wider economic social structures. Rather, global markets are maintained through daily interventions, the production of prosthetic prices, and the waging of struggles among those who produce and exchange commodities. The book illustrates the crucial consequences that these ideas have on economic reform projects and market studies.
Spanning a variety of disciplines, Market Threads offers an original look at the world commodity trade and revises prevailing explanations for how markets work.
"Market Threads' great scholarly contribution is in highlighting and minutely describing the empirics of power in market settings."William Davies, Journal of Cultural Economy
- Princeton University Press
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- 6.30(w) x 9.30(h) x 0.90(d)
What People are saying about this
Richard Swedberg, Cornell University
Michel Callon, Ecole des mines de Paris
Olav Velthuis, University of Amsterdam
Donald MacKenzie, University of Edinburgh
Barbara Harriss-White, author of "Rural Commercial Capital"
Meet the Author
Koray Çaliskan is assistant professor in the Department of Political Science and International Relations at Bogaziçi University, Istanbul.
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