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
Date Written: 2007
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: Suggested Citation