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Introduction: Visible Hands

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Abstract

In the twentieth century, exchange has triumphed over other forms of circulation. One form of exchange, market exchange, has been allowed to encircle the globe and penetrate deeply into societies. It is therefore a matter of no mean irony that so little is known about how markets work in developing countries. Discourse on markets generally proceeds on two tacks: backwards — making inferences from indicators of outcomes; or forwards — making deductions from theory. In between there is a rather small space filled by empirical research, relating with discomfort both to theoretical preoccuptions and to performance outcomes, which too often have been reduced by economists to prices. It is the purpose of this book to help fill that small space by exploring the difficult practice of that empirical research. And it is the purpose of this introduction to review how market exchange has been defined, to outline the commonest methods by means of which agricultural markets have been practically researched and to explain how each essay in this collection is located with reference to this body of theory and methods.

Parts of this introduction were presented at the Institute of Social Studies, The Hague, where Ashwani Saith led a very useful discussion; at the Department of Public Economics, La Sapienza, Rome; the Institute for Development Policy and Research, Manchester; and the Institute of Development Studies, Sussex. I should like to thank warmly some younger researchers and research students from Oxford University whose ideas have been particularly stimulating in the context of this project: Steve Jaffee, Wendy Olsen, Laurence Pujo, Elsbeth Robson and Balihar Singh Sanghera.

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Harriss-White, B. (1999). Introduction: Visible Hands. In: Harriss-White, B. (eds) Agricultural Markets from Theory to Practice. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-27273-0_1

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