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Non-market economics is the study of the production, trade, and distribution of goods and services via mechanisms other than the market. Non-market economies do not operate through the exchange of money. Barter is usually considered a type of a commodity-economy, so it is generally not considered a non-market economy. This type of exchange is also called reciprocity. This includes unilateral giving such as gifts and bilateral giving, meaning a person gives a gift expecting to be repaid at some unspecified time.

The study of non-market economics is typically a part of economic anthropology. Among the founders of the discipline are Karl Bücher and Karl Polanyi.

Critics of non-market systems consider them "primitive", but this is disputed by their advocates. There are, however, elements of non-market economics in very "advanced" market economies, even today.

See also


Gift economy

Types of economics

 

This article is licensed under the GNU Free Documentation License. It uses material from the "Non-market economics".

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