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The Organization of Exchange in Early Christian Ireland
Published online by Cambridge University Press: 03 March 2009
Abstract
The major contrast between preindustrial and modern economies is that the latter enjoy regular and rapid growth, whereas income per capita tends to stagnate in the former. Analysis of the organization of exchange in early Christian Ireland shows that the exchange and therefore the production of material wealth was so thoroughly integrated into securing and exercising power, as well as into establishing and maintaining family and social ties, that any improvements in technology which might have led to economic growth would inevitably have generated prohibitive social costs.
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- Papers Presented at the Fortieth Annual Meeting of the Economic History Association
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- Copyright © The Economic History Association 1981
References
1 Polanyi, Karl, “The Semantics of Money-Uses,” in Primitive, Archaic, and Modern Economies: Essays of Karl Polanyi, ed. Dalton, George (New York, 1968), pp. 175–203.Google ScholarDalton, George, ed., Tribal and Peasant Economies, (Garden City, N.Y., 1967).Google Scholar
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3 The dispersal of cattle did serve an economic function by reducing an individual's risk of losing his entire herd to disease, cattle raids, and the like.
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18 Douglas, Mary, “Raffia Cloth Distribution in the Lele Economy” (in Dalton, ed., Tribal and Peasant Economies) describes a society in which raffia cloth is used to make a variety of payments important to an individual's status. In this case the young men who need to accumulate raffia cloth for payments rarely weave it, but instead manipulate social obligations to obtain the cloth.Google Scholar
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