The Politics of Space and Culture in Santiago, Chile’s Street Markets

Recent discussions of contentious politics have focused on struggles in and over space and place. This article builds upon these concerns by using ethnographic, interview, and documentary data to analyze the spatial politics of street market vendors in Santiago, Chile. Drawing upon Lefebvre’s concepts of perceived, conceived, and lived space as well as ideas drawn from research on space and protest, I show how street market vendors build upon spatial routines, a sense of place, political alliances, and scale jumping in their self-defense strategies at the local, national, and international scales. The findings illustrate Lefebvre’s argument that the advance of abstract space (constructed by dominant economic and political elites) provokes resistance by groups who defend and seek to reconstruct lived space.

Moral Economy or Political Economy? Property and Credit Markets in 19th Century Rural Portugal

Peasants are often represented as a distinctive rural type with a reverent attitude toward the land, a disdain for commerce, and a set of institutions that sustain homogeneity and community. An alternative to this "moral economy" approach is a differentiation or political economy perspective that emphasizes articulation and integration within a broader regional, national and institutional framework, as well as individual and household strategies. Focusing on the rural population of nineteenth and twentieth century northwestern Portugal, this article addresses these two approaches through an analysis of peasant engagement with the property and finance capital markets. It explores the motives that pull peasants into these markets, how these transactions not only link rural and urban populations into a single regional economic system, but also connect individuals to the international market of labor through emigration, and finally how these transactions are embedded in village institutions including family, neighborship, and religious brotherhoods.     

Divergent Pathways to Assimilation? Local Marriage Markets and Intermarriage Among U.S. Hispanics

The growing diversity of the U.S. population raises questions about integration among America's fastest growing minority population—Hispanics. The canonical view is that intermarriage with the native‐born White population represents a pathway to assimilation that varies over geographic space in response to uneven marital opportunities. Using data on past‐year marriage from the 2009–2014 American Community Survey, the authors demonstrate high rates of intermarriage among Hispanics. The analyses identify whether Hispanics marry coethnics, non‐co‐ethnic Hispanics, non‐Hispanic Whites, non‐Hispanic Blacks, or other minorities. The authors highlight variation by race, nativity, and socioeconomic status and reveal that Hispanics living in new immigrant destinations are more likely to intermarry than those living in traditional Hispanic gateways. Indeed, the higher out‐marriage in new destinations disappears when the demographic context of reception is taken into account. The analysis underscores that patterns of marital assimilation among Hispanics are neither monolithic nor expressed uniformly across geographic space.     

A Geometric Study of Shareholders’ Voting in Incomplete Markets: Multivariate Median and Mean Shareholder Theorems

A simple parametric general equilibrium model with S states of nature and K < S firms is considered. Since markets are incomplete, at a (financial) equilibrium shareholders typically disagree on whether to keep or not the status quo production plans. Hence each firm faces a genuine problem of social choice. The setup proposed in the present paper allows to study these problems within a classical (Downsian) spatial voting model. Given the multidimensional nature of the latter, super majority rules with rate are needed to guarantee existence of politically stable production plans. A simple geometric argument is proposed showing why a 50%-majority stable production equilibrium exists when K=S−1. When the degree of incompleteness is more severe, under more restrictive assumptions on agents’ preferences and the distribution of agents’ types, equilibria are shown to exist for rates ρ smaller than Caplin and Nalebuff (Econometrica 59: 1–23, 1991) bound of 0.64: they obtain for production plans whose span contains the ‘ideal securities’ of all K mean shareholders.Hervé Crès is a member of the GREGHEC, unité CNRS, UMR 2959.     

Sugar,Land Markets and the Williams Thesis: Evidence from Jamaica's Property Sales, 1750–1810

The economic-history literature of eighteenth-century British America is rich in its quantitative measures of staple production, output prices and demography, but relatively thin in its analysis of input prices. This paper addresses one aspect of this gap by, for the first time, applying a hedonic regression technique to land sales in Britain's most important colony. The results indicate that land values increased over the course of the late eighteenth century, despite economic challenges such as the American Revolution and a series of punishing hurricanes in the 1780s. The model estimates that values reached their peak in 1800, only to decline during the first decade of the nineteenth century.     

Cultivating Better Food Access? The Role of Farmers' Markets in the U.S. Local Food Movement

The local food movement has grown substantially in the United States in recent years. Proponents have hailed this growth as a shift away from a conventional food system rife with inequality toward one that introduces more just outcomes for society. While the movement's development and popularity have proliferated, little research has examined nationally how successful it is at delivering on its promises. By combining the social movement and food system literatures with quantitative methodology, this article examines the accessibility of the farmers' market across the United States. Using multivariate logistic regression, the analysis focuses on several identifying characteristics of individuals within and characteristics of neighborhoods across the United States to explore what increases (or decreases) the likelihood of a farmers' market being located within their boundaries. The results suggest that several social, economic, and racial differences exist between those living in areas with farmers' markets and those in areas that do not. Additionally, the analysis found that several neighborhood characteristics significantly influence the likelihood of a farmers’ market being present, including a neighborhood's socioeconomic status, the quality of neighborhood infrastructure, participation rates in social support programs, and the prevalence of poverty. In addition to posing questions of accessibility for the local food movement this research contributes to our understanding of grassroots social movements by examining the avenues and potential limitations that they negotiate while ensuring their stated goals are reached.     

Linking Local Food Systems and the Social Economy? Future Roles for Farmers' Markets in Alberta and British Columbia*

Often organized as grassroots, nonprofit organizations, many farmers' markets serve as strategic venues linking producers and consumers of local food while fulfilling multiple social, economic, and environmental objectives. This article examines the potential of farmers' markets to play a catalyst role in linking local food systems to the social economy in western Canada. We used the Delphi method of inquiry to solicit and synthesize perspectives on the future role of farmers' markets within local food systems and the social economy from farmers' market vendors, market managers, and policy and government representatives in each province. We found that negotiations over the definition of local food systems, the dynamics of supply and demand relationships, and perceptions of “authenticity” affect the positionality of farmers' markets in relation to other marketing channels within regional food systems. Stakeholders engaged in this Delphi inquiry strategized ways to scale up local food systems beyond current limits while also maintaining the “authentic experience” offered by farmers' markets that has helped to fuel increased consumer interest, demand, and growth. Results confirm the need for further investigation of the relationship between the social economy, infrastructure, and authenticity in the development of local food systems.     

ARE SMALL FIRMS MORE BEAUTIFUL OR IS BIGGER BETTER? A Study of Compensating Differentials and Law Firm Internal Labor Markets

Research on the size–job rewards relationship emphasizes extrinsic rewards that are typically more prevalent in large, complex organizations. We examine whether certain intrinsic rewards are more characteristic of small firms and shift the focus from manufacturing industries to professional service (law) firms. We find that small is not entirely beautiful. Smaller firms offer more autonomy but no more challenging work or better coworker relations, whereas larger firms offer lucrative salaries, enhanced benefits, and greater promotional opportunities. Our results challenge the compensating differential explanation whereby large firms offer superior extrinsic rewards to compensate for a shortfall of instrinsic job rewards.     

Thought Leadership as a Trust Strategy in Global Markets: Goldman Sachs’ Promotion of the ‘BRICs’ in the Marketplace of Ideas

Thought leadership has become an important means of building trust in global markets. The term, used to describe the intellectual firepower assembled and published by organisations, is frequently linked with public relations (PR) activity. This article examines Goldman Sachs’ highly-successful campaign to promote the BRICs concept, exploring the firm's use of thought leadership as a trust production strategy. It is concluded that trust production is a shared performance by a range of experts, including PR practitioners. This shared performance helps promote certainty in companies’ skill and experience, paving the way for new products and processes, market expansion, and company profits.