Marginal Gains

Monetary Transactions in Atlantic Africa

By: Jane I. Guyer

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Paperback | 1 March 2004 | Edition Number 1

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232 Pages

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2.31 x 1.66 x 0.14

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In America, almost all the money in circulation passes through financial institutions every day. But in Nigeria's "cash and carry" system, 90 percent of the currency never comes back to a bank after it's issued. What happens when two such radically different economies meet and mingle, as they have for centuries in Atlantic Africa?

The answer is a rich diversity of economic practices responsive to both local and global circumstances. In Marginal Gains, Jane I. Guyer explores and explains these often bewildering practices, including trade with coastal capitalism and across indigenous currency zones, and within the modern popular economy. Drawing on a wide range of evidence, Guyer demonstrates that the region shares a coherent, if loosely knit, commercial culture. She shows how that culture actually works in daily practice, addressing both its differing scales of value and the many settings in which it operates, from crisis conditions to ordinary household budgets. The result is a landmark study that reveals not just how popular economic systems work in Africa, but possibly elsewhere in the Third World.

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Foreword	p. ix
Preface	p. xiii
Introductory
Introduction: Diversity, Bewilderment, and the Multiplicity of African Money	p. 3
Conversions: Asymmetrical Transactions	p. 27
Scales and Tropes	p. 49
Calculation: Number and Asymmetry	p. 51
Rank: People and Money	p. 68
Quality: Commodities and Price	p. 83
Performances and Repertoires	p. 97
Volatility: A Performance in Modern Nigeria	p. 101
Institutions: Repertoires of Financial Option	p. 115
Balances: Household Budgets in a Ghanaian Study	p. 131
Conclusions and Directions	p. 153
Formalities: Fixing Debt and Delay	p. 155
Bewilderment Revisited	p. 170
Appendix	p. 177
References	p. 181
Index	p. 197
Table of Contents provided by Ingram. All Rights Reserved.

Marginal Gains

Monetary Transactions in Atlantic Africa

At a Glance

Paperback

Shipping

How to return your order

Defective items

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