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Lewis Henry Morgan Lectures #1997: Marginal Gains: Monetary Transactions in Atlantic Africa

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Lewis Henry Morgan Lectures #1997: Marginal Gains: Monetary Transactions in Atlantic Africa Cover

 

Synopses & Reviews

Publisher Comments:

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.

Synopsis:

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.

About the Author

Jane I. Guyer is a professor of anthropology at Johns Hopkins University. She is the author, most recently, of An African Niche Economy: Farming to Feed Ibadan and Money Matters: Instability, Values, and Social Payments in the Modern History of West African Communities.

Table of Contents

Foreword

Preface

PART I INTRODUCTORY

1 Introduction: Diversity, Bewilderment, and the Multiplicity of African Money

2 Conversations: Asymmetrical Transactions

PART II SCALES AND TROPES

3 Calculation: Number and Asymmetry

4 Rank: People and Money

5 Quality: Commodities and Price

PART III PERFORMANCES AND REPERTOIRES

6 Volatility: A Performance in Modern Nigeria

7 Institutions: Repertoires of Financial Option

8 Balances: Household Budgets in a Ghanaian Study

PART VI CONCLUSIONS AND DIRECTIONS

9 Formalities: Fixing Debt and Delay

10 Bewilderment Revised

Appendix

References

Index

Product Details

ISBN:
9780226311166
Foreword:
Carter, Anthony T.
Publisher:
University of Chicago Press
Foreword by:
Carter, Anthony
Foreword:
Carter, Anthony
Author:
Guyer, Jane I.
Location:
Chicago
Subject:
History
Subject:
Money & Monetary Policy
Subject:
Money
Subject:
Anthropology - Physical
Subject:
Africa, West
Subject:
Economic anthropology
Subject:
Africa, West Social conditions.
Subject:
Money - Africa, West - History
Edition Description:
1
Series:
Lewis Henry Morgan Lecture Series
Series Volume:
30991997
Publication Date:
20040331
Binding:
TRADE PAPER
Grade Level:
Professional and scholarly
Language:
English
Illustrations:
5 halftones, 2 maps, 6 figures, 2 tables
Pages:
232
Dimensions:
9 x 6 in

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Related Subjects

Business » Accounting and Finance
History and Social Science » Anthropology » Physical
History and Social Science » World History » General
Religion » Comparative Religion » General

Lewis Henry Morgan Lectures #1997: Marginal Gains: Monetary Transactions in Atlantic Africa New Trade Paper
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Product details 232 pages University of Chicago Press - English 9780226311166 Reviews:
"Synopsis" by ,
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.

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