Re-thinking monetary exchange : some lessons from England

WHITE, Richard and WILLIAMS, Colin C. (2010). Re-thinking monetary exchange : some lessons from England. Review of Social Economy, 68 (3), 317-338.

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Official URL: http://dx.doi.org/10.1080/00346760902968488
Link to published version:: 10.1080/00346760902968488

Abstract

This paper critically evaluates the recent shift away from a “thin” reading of monetary exchange, which views money transactions as universally market-like and profit-motivated, towards “thicker” readings of exchange, which identify the permeation of wider economic relations and not-for-profit logics. To do this, an empirical study is reported of what happens when money penetrates informal exchanges between family, friends and neighbours. The research findings lead to a more nuanced reading of monetary exchange being brought to light. The main finding is that the imagery and perception of paid informal transactions may be constructed and interpreted in “thin” terms by participants, even if the core motives and personal relations involved in paid mutual aid remain “thick.” Significantly, while such a finding does not constitute a change in behaviour towards “thin” marker readings of economic exchange, it may explain why some people are dissuaded from undertaking paid mutual aid. In this way, while the paper does not reject the social and cultural embeddedness of economic exchange, it does serve to problematize the move towards thicker descriptions.

Item Type: Article
Research Institute, Centre or Group: Centre for Regional Economic and Social Research
Identification Number: 10.1080/00346760902968488
Depositing User: Hilary Ridgway
Date Deposited: 17 Feb 2012 10:48
Last Modified: 10 Dec 2013 16:36
URI: http://shura.shu.ac.uk/id/eprint/4817

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