Non-market economics

Non-market economics is the study of the trade, and distribution of property (such as goods and services) in a way other than that used by the market system (the free price system, which relies on supply and demand to reach mutually agreed prices between those buyers and sellers). A non-market price system can be described as an administered price system, in which an authority determines the prices of properties.

The term "non-market economy" is also used as a legal term in U.S. law: "non-market economies do not allocate resources according to traditional market concepts of supply and demand".[1]

The study of non-market economics is typically a part of economic anthropology. Among the founders of the discipline are Karl Bücher and Karl Polanyi.

Non-market economic systemsEdit

There are various types of non-market economies, such as:

See alsoEdit

ReferencesEdit

  1. ^ Tatelman, Todd (April 23, 2007). "United States' Trade Remedy Laws and Non-market Economies: A Legal Overview" (PDF). Retrieved February 9, 2022.