Marginal Gains: Monetary Transactions in Atlantic Africa by Jane I. Guyer - PDF free download eBook

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Overview

In America, almost all the money in circulation passes through financial institutions every day. But in Nigerias cash and carry system, 90 percent of the currency never comes back to a bank after its issued. What happens when two such radically diffe...

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Details of Marginal Gains: Monetary Transactions in Atlantic Africa

ISBN
9780226311166
Publication date
Age range
18+ Years
Book language
English
Pages
232
Format
PDF, FB2, FB3, RTF
Quality
High quality OCR
Dimensions
6.00 (w) x 9.00 (h) x 0.70 (d)

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Some brief overview of this book

In America, almost all the money in circulation passes through financial institutions every day. But in Nigerias cash and carry system, 90 percent of the currency never comes back to a bank after its 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.

A few words about book's 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.

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