Peter A. Cornelisse, Professor of Public Finance, Emeritus, Erasmus University, Rotterdam, The Netherlands and Erik Thorbecke, Graduate School Professor, H.E. Babcock Professor of Economics, Emeritus, Cornell University, US

• Contents: Preface 1. Introduction and Overview 2. The Concept of Exchange Configuration 3. Terms and Concepts for an Analysis of Exchange 4. Elements of Exchange 5. A Typology of Exchange Configurations 6. Systems of Exchange in Different Phases of Development 7. The Dynamic Forces in Exchange Configurations 8. Some Concluding Messages Index

‘Characterizing and understanding why and how economic actors exchange goods and services is undoubtedly one of the most important concerns of economics. Cornelisse and Thorbecke provide us with a framework to better understand the bewildering diversity of forms of exchange according to items transacted, actors involved, and environments where exchanges occur. This is done by developing the novel concept of exchange configurations. This relatively simple lens makes for a fascinating re-interpretation of the long and complex process of economic development.’

Peter A. Cornelisse, Professor of Public Finance, Emeritus, Erasmus University, Rotterdam, The Netherlands and Erik Thorbecke, Graduate School Professor, H.E. Babcock Professor of Economics, Emeritus, Cornell University, US

• Contents: Preface 1. Introduction and Overview 2. The Concept of Exchange Configuration 3. Terms and Concepts for an Analysis of Exchange 4. Elements of Exchange 5. A Typology of Exchange Configurations 6. Systems of Exchange in Different Phases of Development 7. The Dynamic Forces in Exchange Configurations 8. Some Concluding Messages Index

‘Characterizing and understanding why and how economic actors exchange goods and services is undoubtedly one of the most important concerns of economics. Cornelisse and Thorbecke provide us with a framework to better understand the bewildering diversity of forms of exchange according to items transacted, actors involved, and environments where exchanges occur. This is done by developing the novel concept of exchange configurations. This relatively simple lens makes for a fascinating re-interpretation of the long and complex process of economic development.’

Peter A. Cornelisse, Professor of Public Finance, Emeritus, Erasmus University, Rotterdam, The Netherlands and Erik Thorbecke, Graduate School Professor, H.E. Babcock Professor of Economics, Emeritus, Cornell University, US

• Contents: Preface 1. Introduction and Overview 2. The Concept of Exchange Configuration 3. Terms and Concepts for an Analysis of Exchange 4. Elements of Exchange 5. A Typology of Exchange Configurations 6. Systems of Exchange in Different Phases of Development 7. The Dynamic Forces in Exchange Configurations 8. Some Concluding Messages Index

‘Characterizing and understanding why and how economic actors exchange goods and services is undoubtedly one of the most important concerns of economics. Cornelisse and Thorbecke provide us with a framework to better understand the bewildering diversity of forms of exchange according to items transacted, actors involved, and environments where exchanges occur. This is done by developing the novel concept of exchange configurations. This relatively simple lens makes for a fascinating re-interpretation of the long and complex process of economic development.’