Sangam: A Confluence of Knowledge Streams

It's Not the Market, Stupid: On the Importance of Non-market Economies in Sustainability Transitions

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dc.creator Beumer, Koen
dc.creator Maat, Harro
dc.creator Glover, Dominic
dc.date 2022-03-09T13:09:46Z
dc.date 2022-03-09T13:09:46Z
dc.date 2022-03
dc.date.accessioned 2022-05-26T08:53:30Z
dc.date.available 2022-05-26T08:53:30Z
dc.identifier Beumer, K.; Harro M. and Glover, D. (2022) 'It's not the market, stupid: On the importance of non-market economies in sustainability transitions,' Environmental Innovation and Societal Transitions 42:429-441, DOI: 1016/j.eist.2022.02.001
dc.identifier https://opendocs.ids.ac.uk/opendocs/handle/20.500.12413/17213
dc.identifier https://www.sciencedirect.com/science/article/pii/S2210422422000132?via%3Dihub
dc.identifier 10.1016/j.eist.2022.02.001
dc.identifier.uri http://localhost:8080/xmlui/handle/CUHPOERS/199000
dc.description It has been widely assumed that market mechanisms are central in incentivizing the development of sustainable innovations and that market formation is critical for the diffusion of innovations. We challenge the centrality of markets in understanding and promoting the development and diffusion of sustainable innovations using the case of the System of Rice Intensification. This innovation for sustainable rice cultivation was developed and diffused without relying on market mechanisms yet has been adopted by millions of farmers worldwide. To further our understanding of economic mechanisms beyond markets, we revisit Polanyi's distinction between markets, reciprocity, redistribution, and subsistence. This distinction helps to situate markets in a broader economic context and helps to understand how mechanisms for market exchange intersect with other types of economies in ways that can either positively or negatively affect sustainability.
dc.language en
dc.publisher Elsevier
dc.rights http://creativecommons.org/licenses/by/4.0/
dc.rights © 2022 The Authors. Published by Elsevier B.V.
dc.subject Finance
dc.title It's Not the Market, Stupid: On the Importance of Non-market Economies in Sustainability Transitions
dc.type Article


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