The Market Trade? Speculation?

Society does not love commerce and merchants, whom it roundly regards as speculators. Emotions are numerous, and they splash forth from all manner of tribunes-both higher and lower. The word-symbols "speculator," "cooperator," "middleman," and "dealer" inflame...

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Bibliographic Details
Published in:Problems of economics 1991-07, Vol.34 (3), p.7-21
Main Authors: Mashits, V., Chernysheva, Ia
Format: Article
Language:English
Online Access:Get full text
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Summary:Society does not love commerce and merchants, whom it roundly regards as speculators. Emotions are numerous, and they splash forth from all manner of tribunes-both higher and lower. The word-symbols "speculator," "cooperator," "middleman," and "dealer" inflame audiences and evoke applause and acute resolutions. But what is behind the symbols? What is their content? It is extremely difficult to obtain an intelligent answer. We therefore deem it necessary calmly to analyze intermediary, commercial activity and its role in the formation and action of the market mechanism as a special form of the relationship between production and consumption through trade and buying and selling.
ISSN:0032-9436
DOI:10.2753/PET1061-199134037