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In 1992, an explosion of "stock fever" hit Shanghai. Ellen Hertz's anthropological study sets the stock market and its players in the context of Shanghai society, and probes the dominant role played by the state, which has yielded a stock market very different from those of the West. She explains the way in which investors and officials construct a "moral storyline" to make sense of this great structural innovation, identifying a struggle among the big investors, the little investors and the state to control the market.

This book examines a range of art forms produced by Indians in northeastern North America for sale to travelers and tourists during the eighteenth and nineteenth centuries. The Aboriginal peoples of the Woodlands were the first in North America to experience economic and social marginalization and, in consequence, the first to rely on the production of commodities for the tourist trade. These hybrid art forms combine indigenous materials and techniques such as quillwork, moosehair embroidery, birchbark, and basketry with Euro-American genres and styles. Tourist art of the period is generally of high quality and great aesthetic interest. Yet scholars have largely ignored these objects because of their incorporation of Euro-North American influences.An innovative combination of fieldwork, art historical analysis, and historical contextualization, this study for the first time rigorously compares a Native souvenir production to a wide range of Euro-American decorative arts and home crafts. It identifies the sources of object types and styles and reveals the innovative differences displayed by Aboriginal trade wares. Images newly uncovered in archives and travel literature - including depictions of Native vendors and makers - illustrate the book, along with never before displayed or published objects from museum collections in Europe and North America.

This volume applies the interdisciplinary 'field economics' approach to poverty analysis. The work is based on extensive fieldwork in the pre-urban edge of the sprawling metropolis of Delhi It assesses the economic, social, and political institutions and processes that structure the well-being, agency, and activities of the poor who are waste scavengers and involved with plastic recycling. Using a mix of survey and ethnographic data, it tells the complete story of how the waste picker at the lowest level of the chain fares in comparison to other kinds of occupational groups engaged in different parts of the scavenging and recycling chain, as well as in other parts of the informal economy. It focuses on the following themes: how occupational choices are dictated by low caste status; how these groups negotiate and surmount market failures and state failures to create a viable informal economy supporting numerous livelihoods and businesses; and how these groups gain or lose from patronage links at the level of the state government and national political parties.

Play Money explores the remarkable new phenomenon of MMORPGs, or Massively MultiPlayer Online Role-Playing Games, in which hundreds of thousands of players operate fantasy characters in virtual environments. With city-sized populations, these games generate their own cultures, governments, and social systems and, inevitably, their own economies, which spill over into the real world. The desire for virtual goods-magic swords, enchanted breastplates, and special, hard-to-get elixirs-has spawned a cottage industry of virtual loot farmers”: people who play the games just to obtain fantasy goods that they can sell in the real world. The best loot farmers can make between six figures a year and six figures a month. Play Money is an extended walk on the weird side: a vivid snapshot of a subculture whose denizens were once the stuff of mere sociological spectacle but now-with computer gaming poised to eclipse all otherentertainments in dollar volume, and with the lines between play and work, virtual and real increasingly blurred-look more and more like the future.

On the sparsely settled Arizona reservation lands, trading posts were important centers for commerce as well as social gathering destinations. With a subsistence economy, the posts offered opportunities to trade sheep, wool, and crafts for necessities such as flour, coffee, sugar (known as “sweet-salt”), and tools. Most often, traders were Anglos, living as partners among their Indian neighbors. They often were the only contact with the outside culture, and their stores provided an outlet for local arts such as rugs, pottery, baskets, and jewelry. Traders helped with correspondence, transportation, and sickness, and they even buried the dead. Trading posts were the sites of marriages and murders; they were destinations for artists, scientists, and adventurous tourists. With the coming of roads and automobiles, trading posts have all but disappeared, but the stories and photographs shared in this volume offer a glimpse into a vanishing time in the Southwest.

On the sparsely settled Arizona reservation lands, trading posts were important centers for commerce as well as social gathering destinations. With a subsistence economy, the posts offered opportunities to trade sheep, wool, and crafts for necessities such as flour, coffee, sugar (known as “sweet-salt”), and tools. Most often, traders were Anglos, living as partners among their Indian neighbors. They often were the only contact with the outside culture, and their stores provided an outlet for local arts such as rugs, pottery, baskets, and jewelry. Traders helped with correspondence, transportation, and sickness, and they even buried the dead. Trading posts were the sites of marriages and murders; they were destinations for artists, scientists, and adventurous tourists. With the coming of roads and automobiles, trading posts have all but disappeared, but the stories and photographs shared in this volume offer a glimpse into a vanishing time in the Southwest.

The balancing of competing interests and goals will have momentous consequences for Japan―and the United States―in their quest for economic growth, social harmony, and international clout.Japan and the United States face difficult choices in charting their paths ahead as trading nations. Tokyo has long aimed for greater decisiveness, which would allow it to move away from a fragmented policymaking system favoring the status quo in order to enable meaningful internal reforms and acquire a larger voice in trade negotiations. And Washington confronts an uphill battle in rebuilding a fraying domestic consensus in favor of internationalism essential to sustain its leadership role as a champion of free trade.In Dilemmas of a Trading Nation, Mireya Solís describes how accomplishing these tasks will require the skillful navigation of vexing tradeoffs that emerge from pursuing desirable, but to some extent contradictory goals: economic competitiveness, social legitimacy, and political viability.Trade policy has catapulted front and center to the national conversations taking place in each country about their desired future direction―economic renewal, a relaunched social compact, and projected international influence. Dilemmas of a Trading Nation underscores the global consequences of these defining trade dilemmas for Japan and the United States: decisiveness, reform, internationalism. At stake is the ability of these leading economies to upgrade international economic rules and create incentives for emerging economies to converge toward these higher standards. At play is the reaffirmation of a rules-based international order that has been a source of postwar stability, the deepening of a bilateral alliance at the core of America’s diplomacy in Asia, and the ability to reassure friends and rivals of the staying power of the United States. In the execution of trade policy today, we are witnessing an international leadership test dominated by domestic governance dilemmas.

The balancing of competing interests and goals will have momentous consequences for Japan―and the United States―in their quest for economic growth, social harmony, and international clout.Japan and the United States face difficult choices in charting their paths ahead as trading nations. Tokyo has long aimed for greater decisiveness, which would allow it to move away from a fragmented policymaking system favoring the status quo in order to enable meaningful internal reforms and acquire a larger voice in trade negotiations. And Washington confronts an uphill battle in rebuilding a fraying domestic consensus in favor of internationalism essential to sustain its leadership role as a champion of free trade.In Dilemmas of a Trading Nation, Mireya Solís describes how accomplishing these tasks will require the skillful navigation of vexing tradeoffs that emerge from pursuing desirable, but to some extent contradictory goals: economic competitiveness, social legitimacy, and political viability.Trade policy has catapulted front and center to the national conversations taking place in each country about their desired future direction―economic renewal, a relaunched social compact, and projected international influence. Dilemmas of a Trading Nation underscores the global consequences of these defining trade dilemmas for Japan and the United States: decisiveness, reform, internationalism. At stake is the ability of these leading economies to upgrade international economic rules and create incentives for emerging economies to converge toward these higher standards. At play is the reaffirmation of a rules-based international order that has been a source of postwar stability, the deepening of a bilateral alliance at the core of America’s diplomacy in Asia, and the ability to reassure friends and rivals of the staying power of the United States. In the execution of trade policy today, we are witnessing an international leadership test dominated by domestic governance dilemmas.

This book examines a range of art forms produced by Indians in northeastern North America for sale to travelers and tourists during the eighteenth and nineteenth centuries. The Aboriginal peoples of the Woodlands were the first in North America to experience economic and social marginalization and, in consequence, the first to rely on the production of commodities for the tourist trade. These hybrid art forms combine indigenous materials and techniques such as quillwork, moosehair embroidery, birchbark, and basketry with Euro-American genres and styles. Tourist art of the period is generally of high quality and great aesthetic interest. Yet scholars have largely ignored these objects because of their incorporation of Euro-North American influences.An innovative combination of fieldwork, art historical analysis, and historical contextualization, this study for the first time rigorously compares a Native souvenir production to a wide range of Euro-American decorative arts and home crafts. It identifies the sources of object types and styles and reveals the innovative differences displayed by Aboriginal trade wares. Images newly uncovered in archives and travel literature - including depictions of Native vendors and makers - illustrate the book, along with never before displayed or published objects from museum collections in Europe and North America.

In the seventeenth century, the Dutch established a trading base at the Indonesian site of Jacarta. What began as a minor colonial outpost under the name Batavia would become, over the next three centuries, the flourishing economic and political nucleus of the Dutch Asian Empire. In this pioneering study, Jean Gelman Taylor offers a comprehensive analysis of Batavia’s extraordinary social world—its marriage patterns, religious and social organizations, economic interests, and sexual roles. With an emphasis on the urban ruling elite, she argues that Europeans and Asians alike were profoundly altered by their merging, resulting in a distinctive hybrid, Indo-Dutch culture.    Original in its focus on gender and use of varied sources—travelers’ accounts, newspapers, legal codes, genealogical data, photograph albums, paintings, and ceramics—The Social World of Batavia, first published in 1983, forged new paths in the study of colonial society.

In the seventeenth century, the Dutch established a trading base at the Indonesian site of Jacarta. What began as a minor colonial outpost under the name Batavia would become, over the next three centuries, the flourishing economic and political nucleus of the Dutch Asian Empire. In this pioneering study, Jean Gelman Taylor offers a comprehensive analysis of Batavia's extraordinary social world-its marriage patterns, religious and social organizations, economic interests, and sexual roles. With an emphasis on the urban ruling elite, she argues that Europeans and Asians alike were profoundly altered by their merging, resulting in a distinctive hybrid, Indo-Dutch culture. Original in its focus on gender and use of varied sources-travelers' accounts, newspapers, legal codes, genealogical data, photograph albums, paintings, and ceramics-The Social World of Batavia, first published in 1983, forged new paths in the study of colonial society. In this second edition, Gelman offers a new preface as well as an additional chapter tracing the development of these themes by a new generation of scholars.

An in-depth look into the various aspects of behavioral finance Behavioral finance applies systematic analysis to ideas that have long floated around the world of trading and investing. Yet it is important to realize that we are still at a very early stage of research into this discipline and have much to learn. That is why Edwin Burton has written Behavioral Finance: Understanding the Social, Cognitive, and Economic Debates. Engaging and informative, this timely guide contains valuable insights into various issues surrounding behavioral finance. Topics addressed include noise trader theory and models, research into psychological behavior pioneered by Daniel Kahneman and Amos Tversky, and serial correlation patterns in stock price data. Along the way, Burton shares his own views on behavioral finance in order to shed some much-needed light on the subject. Discusses the Efficient Market Hypothesis (EMH) and its history, and presents the background of the emergence of behavioral finance Examines Shleifer's model of noise trading and explores other literature on the topic of noise trading Covers issues associated with anomalies and details serial correlation from the perspective of experts such as DeBondt and Thaler A companion Website contains supplementary material that allows you to learn in a hands-on fashion long after closing the book In order to achieve better investment results, we must first overcome our behavioral finance biases. This book will put you in a better position to do so.

In the seventeenth century, the Dutch established a trading base at the Indonesian site of Jacarta. What began as a minor colonial outpost under the name Batavia would become, over the next three centuries, the flourishing economic and political nucleus of the Dutch Asian Empire. In this pioneering study, Jean Gelman Taylor offers a comprehensive analysis of Batavia's extraordinary social world-its marriage patterns, religious and social organizations, economic interests, and sexual roles. With an emphasis on the urban ruling elite, she argues that Europeans and Asians alike were profoundly altered by their merging, resulting in a distinctive hybrid, Indo-Dutch culture. Original in its focus on gender and use of varied sources-travelers' accounts, newspapers, legal codes, genealogical data, photograph albums, paintings, and ceramics-The Social World of Batavia, first published in 1983, forged new paths in the study of colonial society. In this second edition, Gelman offers a new preface as well as an additional chapter tracing the development of these themes by a new generation of scholars.

Now available again, this pioneering work examines one of the most controversial periods in Chinese history: the relationship between the Chinese civil and military authorities and the British trading community in Guangdong province on the eve of the Taiping Rebellion, one the most calamitous events in Chinese history. Wakeman shows how prevailing rural discontent, urban riots, secret society activity, and the imbalance of class and clan affected the mechanisms of regional power and gentry control, demonstrating the progression of rebellion and the historical inevitability of revolution.

Reappraises key commercial and regulatory aspects of Dutch and British fur trading and the economic, political, and social relationships established among New York citizens, French Canadians, the British, and the Iroquois

Cosmopolitan Africa, 1700-1875, offers an alternative interpretation of the 175 years leading up to the formal colonization of Africa by Europeans. In this brief and affordable text, author and series editor Trevor R. Getz demonstrates how Africans pursued lives, constructed social settings, forged trading links, and imagined worlds that were sophisticated, flexible, and well adapted to the increasingly global and fast-paced interactions of this period. Getz's interpretation of a "cosmopolitan Africa" is based on careful reading of Africans' oral histories and traditions, written documents, and images of or from the eighteenth century. Examining this time period from both social and cultural perspectives, Cosmopolitan Africa, 1700-1875, helps students to re-envision African societies in the time before colonization.

This study examines the nature of the Indian trade on the Florida frontier at the turn of the 20th century, and focuses on the reciprocal economic and social relationships which developed between the trading families and their Seminole clientele.

Mandy Ashton fled a stifling frontier existence for the glittering social whirl of Sacramento City, California’s state capital, trading childhood innocence for a woman’s burning desire and masquerade as her flighty cousin, Julia.Travis Langley, known by his Indian name, Hawk, is a white man raised by the Cheyenne, a man trying to make peace with his dual heritage. The last thing he needs is a job chaperoning Julia Aston, the California governor’s spoiled daughter. But Mandy posing as Julia is spirited, captivating, and irresistibly sensuous. By journey’s end, Mandy and Hawk have become helpless prisoners of a smoldering passion that nothing can kill except, perhaps, the secret Mandy has guarded so carefully throughout the arduous days and passionate nights of their long, magnificent passage.

First published in 1922, this classic text examines the extensive and complex trading system maintained by the Trobriand Islanders. While the main theme is economics and social organization, the power of magic, mythology and folklore are also examined.

Alcohol abuse has killed and impoverished American Indians since the seventeenth century, when European settlers began trading rum for furs. In the first book to probe the origins of this ongoing social crisis, Peter C. Mancall explores the liquor trade's devastating impact on the Indian communities of colonial America.Mancall recounts how English settlers quickly found a market for alcohol among the Indians, and traffic in rum became a prominent source of revenue for the British Empire. In spite of the colonists' growing awareness that some Indians abused alcohol and that drinking threatened the stability of countless Indian villages already decimated by European diseases, they expanded the liquor trade into virtually every Indian community from the Atlantic to the Mississippi. In response, Indians created one of the most important temperance movements in American history, a movement that was nevertheless unable to halt the lucrative commerce.The author follows the trail of rum from the West Indian producers to the colonial distributors and on to the Indian consumers in the eastern woodlands. To discover why Indians participated in the trade and why they experienced such a powerful desire for alcohol, he addresses current medical views on alcoholism and reexamines the colonial era as a time when Indians were forming new strategies for survival in a world that had been radically changed. Finally, Mancall compares Indian drinking in New France and New Spain with that in the British colonies.Forever shattering the stereotype of the drunken Indian, Mancall offers a powerful indictment of English participation in the liquor trade and a new awareness or the trade's tragic cost for the American Indians.