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Introduction: Relational Economy and Economic Theory Read chapter Read first chapter

2020 | OriginalPaper | Chapter

2. Discrete Exchanges and Relational Transactions

Author : Josef Wieland

Published in: Relational Economics

Publisher: Springer International Publishing

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Abstract

Standard Economics analyses the laws of discrete and dyadic exchange transactions. Contrary to this, the polycontextural characteristics of Relational Transactions are developed and discussed. As a result, economic transactions are understood as attractors of multivalent actors and events. They are the basic unit of relational economics and central to understanding the material and immaterial value creation of modern societies. The problem of the resulting trade-offs and complexity of economic analysis is discussed and strictly differentiated.

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previous chapter Introduction: Relational Economy and Economic Theory
next chapter Relational Contracts and Goods
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Metadata
Title
Discrete Exchanges and Relational Transactions
Author
Josef Wieland
Copyright Year
2020
Book
Relational Economics

Print ISBN: 978-3-030-45111-0

Electronic ISBN: 978-3-030-45112-7

Copyright Year: 2020

DOI
https://doi.org/10.1007/978-3-030-45112-7_2