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Discrete Exchanges and Relational Transactions

In: Relational Economics

Author

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  • Josef Wieland

    (Zeppelin University)

Abstract

Standard Economics analyses the laws of discrete and dyadic exchange transactions. Contrary to this, the polycontextural characteristics of Relational Transactions are developed and discussed. As a result, economic transactions are understood as attractors of multivalent actors and events. They are the basic unit of relational economics and central to understanding the material and immaterial value creation of modern societies. The problem of the resulting trade-offs and complexity of economic analysis is discussed and strictly differentiated.

Suggested Citation

  • Josef Wieland, 2020. "Discrete Exchanges and Relational Transactions," Relational Economics and Organization Governance, in: Relational Economics, chapter 0, pages 17-26, Springer.
    • Handle: RePEc:spr:recchp:978-3-030-45112-7_2
    DOI: 10.1007/978-3-030-45112-7_2
    as

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