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Underground Markets & Informal Economies: The Mechanics of Risk, Value, and Governance Beyond the Law: The Mechanics of Risk, Value, and Governance Beyond the Law

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Underground Markets & Informal Economies explores the hidden mechanisms that allow these systems to thrive. From informal barter networks and shadow supply chains to reputation-based commerce and decentralized value exchange, this book reveals how individuals and communities create functioning markets when traditional systems fail, exclude them, or simply do not reach them.

Drawing from real-world observations, economic theory, and behavioral insight, the book examines how underground market...