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Towards a synthesis of transaction cost economics and a feminist oriented network anaylsis: An application to women's street commerce

Опубликовано на портале: 15-12-2002
American Journal of Economics and Sociology. 1999.  Vol. 58. No. 4. P. 807-827. 
The possibility of an interdisciplinary, tripartite merger of transaction cost economics and the concept of embeddedness with feminist insights is suggested. It is demonstrated that in isolation, a simple application of transaction cost analysis can offer an adequate explanation of economic activity. The explanatory power of this approach however, is enhanced when complemented by greater recognition of the importance of the social context in which economic activity occurs. Research from New Zealand's largest street market is used to examine women's work in street commerce, a sub-sector of the informal sector. Aspects of transaction cost analysis are applied to activities of women market vendors. It is proposed that the approach taken which considers the embeddedness of economic activity in ongoing networks of social relations, and the intertwining of economic with non-economic goals, is compatible with aspects of feminism.