The Bazaar Economy: Information and Search in Peasant Marketing

The given paper is an example of social analysis of economic behavior in the classical oriental market called «bazaar». This is one of the traditional research fields of economic anthropology. The paper is based on empirical materials gathered during the field research of bazaar in Marocco. The author has called this type of economy «the bazaar economy». Actions of economic agents in such an economy have their distinctive characteristics and differ considerably from purely competitive markets of neoclassical economics. In this connection the author pays special attention to two dimensions that give the bazaar its particular colour: clientelization and bargaining. The former provides with long-term social relationships, that differs in a huge way from spot market contracting of the pure market; the latter can be expressed in the fact that the spirit of bargaining becomes more important than price setting as such.

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