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Trade and Exchange

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lightbulbAbout this topic
Trade and Exchange refers to the economic process of buying, selling, or exchanging goods and services between individuals, businesses, or nations. It encompasses the mechanisms, systems, and policies that facilitate these transactions, influencing economic relationships, market dynamics, and resource allocation.
lightbulbAbout this topic
Trade and Exchange refers to the economic process of buying, selling, or exchanging goods and services between individuals, businesses, or nations. It encompasses the mechanisms, systems, and policies that facilitate these transactions, influencing economic relationships, market dynamics, and resource allocation.

Key research themes

1. How do diverse systems of trade and exchange shape economic relations across scales and societies?

This theme explores the variety of trade and exchange systems from traditional, non-monetary practices to modern embedded markets. Research highlights the socio-cultural embeddedness of exchange, including informal and barter systems, the social functions of trust in economic relations, and the reconfiguration of markets beyond pure economic transactions. Understanding these systems is critical to appreciating how economic cooperation, social norms, and market integration converge in different societal contexts.

Key finding: Bohannan (Oxford University) identifies a dual-sphere system among the Tiv people where exchange is mediated either through market transactions lacking long-term personal relations or via gifts that reinforce enduring social... Read more
Key finding: Humphrey (University of Cambridge) challenges the classical economic notion of barter as a primitive precursor to money, showing that barter occurs in specific socio-economic conditions such as fragmented societies with low... Read more
Key finding: This empirical study of informal freight transport in Morocco reveals that in the absence of formal contracts, exchange relationships rely on inter-personal 'social algorithms' underpinned by trust. Trust reduces transaction... Read more
Key finding: This agroecological framework emphasizes that viable systems of economic exchange incorporate informal markets, barter, gifts, and nested markets embedded in social-ecological relations. ‘Nested markets,’ with direct... Read more
Key finding: This interdisciplinary synthesis critiques the fetishization of markets as autonomous entities, emphasizing their embeddedness within political, ethical, and cultural realms in South Asia. Markets are simultaneously epistemic... Read more

2. What underlying economic and theoretical mechanisms explain productivity and value distribution in trade?

This theme addresses trade’s effects on productivity and value distribution, emphasizing the role of unequal exchange, global value chains, and methodological innovations for identifying value flows. Contributions explore neoclassical and Marxian frameworks to understand how trade shapes productivity differentials, income inequality, and systemic rent extraction. Clarifying these mechanisms informs global economic policy debates and theoretical critiques of free trade.

Key finding: Alcalá and Ciccone present empirical evidence linking international trade openness with increased total factor productivity across countries, attributing gains to technology diffusion and competitive pressures. Their panel... Read more
Key finding: This paper develops a multisectoral, multicountry monetary model grounded in Marx's labor theory of value to theoretically and empirically analyze unequal exchange mechanisms in global trade. It finds that spatial... Read more
Key finding: Fauvelle argues that commodity money emerges not from internal barter economies but primarily to facilitate exchange across social and geographic boundaries where debt and reciprocity are impractical. This trade theory of... Read more
Key finding: This study identifies shortcomings in classical trade statistics that inadequately capture trade flows intertwined with foreign direct investment (FDI) via transnational corporations. Advocating for a novel trade coverage... Read more
Key finding: This methodological contribution extends the traditional Edgeworth exchange diagram used in microeconomics education by explicitly identifying and isolating the traders’ surpluses—buyer’s and seller’s surpluses—for each... Read more

3. How can archaeological and compositional analyses inform the spatial and temporal dimensions of ancient trade networks?

This theme focuses on interdisciplinary archaeological research combining chemical compositional methods, typological studies, and landscape surveys to map ancient trade, provenance, and exchange networks. Such studies reveal the longevity of interaction corridors, resource procurement strategies, and socio-political organization in pre-modern societies. These insights bridge material culture analysis and economic exchange, elucidating how communities organized and sustained long-distance trade and craft specialization.

Key finding: This study combines geochemical sourcing via WDXRF and ICP-MS with radiocarbon dating to link Moloka'i basalt adzes to the Pu'u Pāpa'i quarry, establishing a continuous quarry use from the 12th to late 1600s CE. Demonstrating... Read more
Key finding: Through a macroregional lens involving archaeological evidence of metals, shells, pottery, and representations, this article reconstructs intensive late Holocene trade and exchange networks connecting the Lower Paraná,... Read more
Key finding: Using portable X-ray fluorescence and microscopy, this study tracks the selection and long-distance trade of cinnabar pigment across Andean cultures spanning millennia. The spatial-temporal analysis evidences intentional... Read more
Key finding: This paper synthesizes advances in compositional analysis (elemental chemistry, mineralogy) of clays and ceramics to establish ceramic provenance in the Eastern Mediterranean. It stresses the importance of understanding... Read more
Key finding: Analytical approaches including petrography, SEM, and XRD applied to EB I and II pottery from Kontopigado reveal a technological shift: a transition from open firing of red slipped vessels to kiln firing of thin-walled,... Read more

All papers in Trade and Exchange

This paper presents a snapshot of a neolithic maritime exchange network centred on the Pitted Ware Culture (PWC) site of Tråsättra (circa 2630 to 2470 BCE), located northeast of modern-day Stockholm, Sweden. We used a combination of... more
This chapter will briefly describe the two new forms of religious life in the 11 th and 12 th
This chapter investigates the auberges of the langues of the Order of St John in Valletta, Malta, in terms of their 16th-century Renaissance features, architectural models, and construction techniques. For this purpose, it analyses the... more
Northern Mozambique has traditionally been considered marginal within the Swahili trade due to the absence of outstanding harbour stone-built towns. However, our research on Ibo island (Quirimbas Archipelago) proves the role played by... more
The paper presents an application of carbon isotope analysis in the archaeometric research of graphite-tempered ceramics. Graphite separated from Celtic graphitic ceramics were analysed from Szûr, Szajk and Dunaszentgyörgy archaeological... more
For over a century, scholars have debated the merits of two competing theories for the origins of money. The commodity theory of money has traditionally held that money developed as a medium of exchange in order to increase the economic... more
The question of a prehistoric link between the Cochimí of central Baja California and the Seri on the opposite coast of Sonora has long attracted anthropological speculation. One line of evidence is offered by the ethnohistoric,... more
Greek and Hellenistic painted vases have attracted scholars of classical archaeology for centuries, either because of the artistic value of the painted decorations or because of the depicted scenes of ancient everyday life. Due to the... more
Chavín de Huántar was a major civic-ceremonial and "proto-urban" (Burger 1984) center located in the Conchucos region of the north-central highlands (Figure 6.1). Although there are disagreements on chronological detail, scholars agree... more
Revisitando las cerámicas tempranas del sitio arqueológico de Marcavalle (Cuzco, Perú): registro e identificación de pastas mediante microscopía digital portátil in situ NOTA " Nino del Solar Velarde
The aim of this research was the experimentation of a transportable integrated system for milking and dairy processing in wild or transhumant flocks. This system is made up of three elements: a module where a mechanical sheep and goat... more
The aim of this research was the experimentation of a transportable integrated system for milking and dairy processing in wild or transhumant flocks. This system is made up of three elements: a module where a mechanical sheep and goat... more
Canchas Uckro (ca. 1100-850 BC) is a large monumental platform situated above the Puccha River, approximately 25 km north of Chavín de Huántar. Recent excavations have revealed monumental features that suggest the Canchas Uckro played an... more
History of my decadal involvement with Chaco, Cahokia, and Mesoamerica, with a large cast of characters and institutions.
Shell valuable exchange in the New Guinea Highlands has been a key interest in anthropology, providing insight into economics, aesthetics, and social stratification amongst banded communities. This paper describes how shell exchange at... more
ABSTRACTThis paper examines the archaeological collections accumulated by Sue Bulmer during her time in the New Guinea Highlands. Bulmer used this collection as a basis to investigate key themes in the island's prehistory. We focus on... more
Se presenta un contexto funerario procedente del valle bajo de Asia, ubicado a 100 kilómetros al sur de Lima. Los materiales asociados indican la presencia de puntas de obsidiana, esculturas de hueso y espejo de antracita, entre otros... more
Money is a fundamentally cultural phenomenon, regulated by social, political, and ideological forms that represent gendered human consciousness and constraint, trade, payment, and consumption. Money is symbolically portrayed in a variety... more
Ideally, data produced by different laboratories performing the same type of analysis should be comparable. Comparability is important for exchanging data and the building of large databases in particular areas of research. Recently, the... more
Artifacts decorated using inlay technology that were recovered from the 5th to 6th century tombs of the Korean Peninsula and Japanese Archipelago are examined in this study in order to consider the nature of Korean-Japanese interaction.... more
In this study, the Chinese-style belt ornament found distributed throughout East Asia was analyzed and its development process and significance reviewed. The Chinese-style belt ornament can be classified into a total of eight types by... more
The purpose of this paper is to present a comprehensive overview of the current status of research on the snake-shaped ornament holders of the Three Kingdoms period excavated in Korea, and to examine their development process according to... more
Where, when, and under what circumstances did money first emerge? This Element examines this question through a comparative study of the use of shells to facilitate trade and exchange in ancient societies around the world. It argues that... more
Rural communities and their land are the protagonists of my dissertation. Specifically I look at how access to land is negotiated at the local level, and at how the local models and global policies intersect. I also look at how rural... more
El principio de efectividad de una transacción financiera en cualquier mercado es simple: «comprar barato y vender caro». En la práctica, establecer a priori cuándo el precio de una acción puede ser denominado «caro» o «barato» es aún una... more
En este documento se presenta el desarrollo de un método cuantitativo, que pretende seleccionar segmentos homogéneos de series de tiempo, como datos de entrada que propicien un mejor desempeño de los modelos de pronóstico tendenciales.... more
The Caucasus is one of the attractive regions for archaeological investigations. Despite 100 years of research, many questions remain unanswered. It is important to understand the Caucasus with surrounding areas and create a unified... more
En algunos sitios arqueológicos del valle medio alto de la cuenca del Rímac, en la provincia de Huarochirí, se ha reportado recientemente restos de alfarería cuyos estilos decorados se corresponderían con los periodos finales del... more
Bibliotheque nationale g+m of Canada du Canada Acquisitions 2nd Direction des acquisitions et Bibliographic Services Branch des services bibiiographiques 395 Well~ngton Streel 395, rue Wellington Ottawa. Ontario Oltawa (Ontario) K I A ON4... more
The glass bead trade in southern Africa provides important evidence of interregional contact during the early modern period. Compositional analysis of a large assemblage of imported glass beads from the sixteenthto seventeenth-century AD... more
Химический состав 39 образцов оконного стекла из памятников Юго-Западного Крыма (Херсонес и его округа, Мангуп, Эски-Кермен) был изучен методами РЭМ/ЭРМ и ЛА-ИСП-МС. Судя по изученным материалам, самые ранние находки оконного стекла в... more
Índice de estrés financiero; Indicador compuesto; Economía real; Riesgo sistemático; Índice de calidad financiera resumen: Una vez desencadenada la crisis económica que comenzó a mediados del año 2007, las autoridades financieras, así... more
Archaeological research over the last decade has established the significance of the Peruvian south-central highlands for understanding the Chavín Interaction Sphere. Investigations at various sites in the region show distinct traditions... more
This paper provides a succinct overview of developments in field survey practices and artefact collection strategies within the Pontine Region Project (PRP), a long-running landscape archaeological project in central Italy. Drawing on... more
The extraction and processing of cinnabar (HgS) to create red pigment have a deep history across the Andes. From paint used to decorate the bodies of people living on the North Coast during the early second millennium BCE, to the... more
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