Beyond Market Hegemony: Re-Thinking the Relationship between Market and Non-Market Economic Practices

International Journal of Economic Perspectives, vol. 1. no.3, pp. 147-161, 2007.

15 Pages Posted: 5 Jul 2013

See all articles by Colin Williams

Colin Williams

University of Sheffield - School of Management

John Round

University of Birmingham

Date Written: 2007

Abstract

Conventionally, non-market economic practices have been represented as a residue or leftover from pre-capitalist formations and as disappearing as the market becomes hegemonic. Recently, however, recognition that non-market economic practices are surviving and even expanding has led to a range of attempts to re-articulate the relationship between market and non-market work more generally. These have variously depicted non-market practices as a chosen alternative to the market, an involuntary survival practice for those decanted from the market sphere or as a realm operating as a complement rather than substitute for market practices. To evaluate these rival representations of the relationship between market and non-market work, a survey is here reported of the work practices of 313 households in Moscow conducted during late 2005 and early 2006. Finding that non-market work is a central feature of the livelihood practices of many households and that there is a complementary relationship between market and non-market economic practices in the sense that households benefiting most from the market realm also benefit most from the non-market realm, a tentative call is made to move non-market work out of the margins more centre-stage in economic studies and for a wider re-evaluation of its relationship to market work.

Keywords: economic development, transition economies, Moscow, informal economy, informal sector, shadow economy, underground economy, Eastern Europe

JEL Classification: O17, H26, H31

Suggested Citation

Williams, Colin and Round, John, Beyond Market Hegemony: Re-Thinking the Relationship between Market and Non-Market Economic Practices (2007). International Journal of Economic Perspectives, vol. 1. no.3, pp. 147-161, 2007., Available at SSRN: https://ssrn.com/abstract=2290040 or http://dx.doi.org/10.2139/ssrn.2290040

Colin Williams (Contact Author)

University of Sheffield - School of Management ( email )

15 Conduit Road
Sheffield, S10 1FL
United Kingdom

HOME PAGE: http://https://www.sheffield.ac.uk/management/staff/williams/index

John Round

University of Birmingham ( email )

Edgbaston, Birmingham B15 2TT
United Kingdom

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