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Volumn 65, Issue 4, 1975, Pages 530-537

The Rationale of Periodic Markets

Author keywords

Economic location theory; Exogenous theory of trade; Institutional context; Origin conditions; Periodic markets; Space time periodicity

Indexed keywords


EID: 84963462049     PISSN: 00045608     EISSN: 14678306     Source Type: Journal    
DOI: 10.1111/j.1467-8306.1975.tb01060.x     Document Type: Article
Times cited : (34)

References (82)
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    • Other examples of economic approaches are
    • Other examples of economic approaches are Alan M. Hay, “Notes on the Economic Basis for Periodic Marketing in Developing Countries,” Geographical Analysis, Vol. 3 (1971), pp. 393-401;
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    • Works emphasizing social and institutional factors include S. W. Mintz, “Pratik: Haitian Personal Economic Relations,” in Viola E. Garfield, ed. American Ethnological Society Proceedings, Annual Spring Meeting for 1961 (Seattle: American Ethnological Society, 1961), pp. 54-63;
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    • (1971) The Development of Indigenous Trade and Markets in West Africa , pp. 285-302
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    • Cyril S. Belshaw, Traditional Exchange and Modern Markets (Englewood Cliffs: Prentice-Hall, 1965), pp. 5-9 and 78-79.
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    • For example, John Whitman, “The Kolkhoz Market,” Soviet Studies, Vol. 7 (1956), p. 384;
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    • A North China Local Market Economy: A Summary of a Study of Periodic Markets in Chowping
    • Hsien, Shantung, mimeo), p.
    • Ching-Kun Yang, A North China Local Market Economy: A Summary of a Study of Periodic Markets in Chowping, Hsien, Shantung (New York: Institute of Pacific Relations, 1944, mimeo), p. 10;
    • (1944) New York: Institute of Pacific Relations , pp. 10
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    • 84920696369 scopus 로고
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    • Cambridge University
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    • (1975) unpublished doctoral dissertation , pp. 298-323
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    • Hutton Webster, Rest Days: A Study in Early Law and Morality
    • (Hutton Webster, Rest Days: A Study in Early Law and Morality) (New York: Macmillan, 1916), pp. 101-23;
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    • Quoted in
    • Quoted in J. Bird, “Billingsgate: A Central Metropolitan Market,” Geographical Journal, Vol. 124 (1958), p. 464.
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    • Positive feedback is discussed
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    • Positive feedback is discussed in Gunnar Myrdal, Economic Theory and Underdeveloped Regions (London: Gerald Duckworth, 1957), pp. 11-22;
    • (1957) Economic Theory and Underdeveloped Regions , pp. 11-22
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    • 0001746045 scopus 로고
    • The Second Cybernetics: Deviation Amplifying Mutual Causal Processes
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    • (1963) American Scientist , vol.51 , pp. 164-179
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    • The Spatial Dynamics of U. S. Urban-Industrial Growth, 1800-1914: Interpretive and Theoretical Essays
    • Allan R. Pred, The Spatial Dynamics of U. S. Urban-Industrial Growth, 1800-1914: Interpretive and Theoretical Essays (Cambridge, Mass.: M. I.T. Press, 1966), pp. 15-32.
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    • 84963467509 scopus 로고    scopus 로고
    • op. cit. footnote 1, pp
    • Stine, op. cit. footnote 1, pp. 73-78.
    • Stine1
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    • 84963126749 scopus 로고    scopus 로고
    • Theoretical works more general than Stine are Hay
    • op. cit. footnote 1;
    • Theoretical works more general than Stine are Hay, op. cit. footnote 1;
  • 24
    • 7844252611 scopus 로고
    • Periodic Markets: An Economic Location Analysis
    • Webber and Symanski treated the complex issue of agglomeration which, in our analysis, results mainly from historical development and inertia rather than from vendor strategies
    • M. J. Webber and Richard Symanski, “Periodic Markets: An Economic Location Analysis,” Economic Geography, Vol. 49 (1973), pp. 213-27. Webber and Symanski treated the complex issue of agglomeration which, in our analysis, results mainly from historical development and inertia rather than from vendor strategies.
    • (1973) Economic Geography , vol.49 , pp. 213-227
    • Webber, M.J.1    Richard, S.2
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    • The Stability Theory of Rural Central Place Development
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    • Singh, S.M.1
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    • Markets in West Africa: Studies of Markets and Trade Among the Yoruba and I bo
    • B. W. Hodder and U. I. Ukwu, Markets in West Africa: Studies of Markets and Trade Among the Yoruba and I bo (Ibadan: Ibadan University Press, 1969), p. xii;
    • (1969) Ibadan: Ibadan University Press , vol.xii
    • Hodder, B.W.1    Ukwu, U.I.2
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    • Periodic and Daily Markets in West Africa
    • in Meillassoux, op. cit. p.
    • B. W. Hodder, “Periodic and Daily Markets in West Africa,” in Meillassoux, op. cit. p. 352.
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    • The Organization of Quito's Urban Markets: Towards a Reinterpretation of Periodic Central Places
    • For example
    • For example, R. J. Bromley, “The Organization of Quito's Urban Markets: Towards a Reinterpretation of Periodic Central Places,” Transactions of the Institute of British Geographers, No. 62 (1974), pp. 45-70;
    • (1974) Transactions of the Institute of British Geographers , vol.62 , pp. 45-70
    • Bromley, R.J.1
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    • Periodic Markets: Comments on Spatio-Temporal Relationships
    • Yue-man Yeung, “Periodic Markets: Comments on Spatio-Temporal Relationships,” Professional Geographer, Vol. 26 (1974), pp. 147-51;
    • (1974) Professional Geographer , vol.26 , pp. 147-151
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    • London's Markets: Their Growth, Characteristics and Functions
    • London University
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    • op. cit. footnote 13, pp.
    • Bromley, op. cit. footnote 13, pp. 64-67.
    • Bromley1
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    • op. cit. footnote 5, pp.
    • Bromley, op. cit. footnote 5, pp. 219-38.
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    • Webber and Symanski
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    • Webber and Symanski, op. cit. footnote 11, pp. 221-25.
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    • Hill, op. cit, footnote 3, p. 309.
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    • The Internal Marketing Systems of Jamaica
    • forthcoming
    • Ann Norton and Richard Symanski, “The Internal Marketing Systems of Jamaica,” Geographical Review, Vol. 65 (1975), forthcoming.
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    • Pre-Colonial Trade: Essays on Trade in Central and Eastern Africa before 1900
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    • Richard Gray and David Birmingham, eds. Pre-Colonial Trade: Essays on Trade in Central and Eastern Africa before 1900 (London: Oxford University Press, 1970), pp. 3-23;
    • (1970) London: Oxford University Press , pp. 3-23
    • Richard, G.1    David, B.2
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    • A Note on the Origin Conditions of Periodic Marketing Systems
    • eds. (Toronto: University of Toronto Press
    • J. Barry Riddell, “A Note on the Origin Conditions of Periodic Marketing Systems,” in W. P. Adams and F. M. Helleiner, eds. International Geography 1972 (Toronto: University of Toronto Press, 1972), Vol. 1, pp. 584-86;
    • (1972) International Geography , vol.1 , pp. 584-586
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    • Markets in Africa: A Review of Research Themes and the Question of Market Origins
    • Charles M. Good, “Markets in Africa: A Review of Research Themes and the Question of Market Origins,” Cahiers d'Etudes Africaines, Vol. 13 (1973), pp. 769-80;
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    • Some Comments on the Origins of Traditional Markets in Africa South of the Sahara
    • B. W. Hodder, “Some Comments on the Origins of Traditional Markets in Africa South of the Sahara,” Transactions of the Institute of British Geographers, No. 36 (1965), pp. 97-105.
    • (1965) Transactions of the Institute of British Geographers , vol.36 , pp. 97-105
    • Hodder, B.W.1
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    • Hodder, op. cit. footnote 20
    • Hodder, op. cit. footnote 20;
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    • Good, op. cit. footnote 8, pp. 193-205;
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    • Good, op. cit. footnote 19, pp. 771-78.
  • 49
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    • an exchange system in which giving may be used to create social obligations
    • Prestation technically is, op. cit. footnote 4, p
    • Prestation technically is “an exchange system in which giving may be used to create social obligations;” Belshaw, op. cit. footnote 4, p. 48.
    • Belshaw1
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    • footnote 3, pp.
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    • The idea of economic surplus “is a red herring because only chance accident can produce a surplus over and above planned expectations of the producer who markets to obtain specific needed goals
    • footnote 4, p.
    • The idea of economic surplus “is a red herring because only chance accident can produce a surplus over and above planned expectations of the producer who markets to obtain specific needed goals,” Belshaw, op. cit, footnote 4, p. 78.
    • op. cit , pp. 78
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    • Bohannan and Dalton
    • footnote 19
    • Bohannan and Dalton, op. cit. footnote 19, p. 7.
    • op. cit. , pp. 7
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    • footnote 4, p.
    • Belshaw, op. cit. footnote 4, p. 78.
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    • Hodder and Ukwu
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    • op. cit. , pp. 129
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    • The Week in West Africa
    • Two primary sources which deal with market periodicity in West Africa are
    • Two primary sources which deal with market periodicity in West Africa are N. W. Thomas, “The Week in West Africa,” Journal of the Royal Anthropological Institute, Vol. 54 (1924), pp. 183-209;
    • (1924) Journal of the Royal Anthropological Institute , vol.54 , pp. 183-209
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    • Das afrikanische Marktwesen
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    • West African Market-Places: Temporal Periodicity and Locational Spacing
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    • These weeks are mapped in R. H. T. Smith, “West African Market-Places: Temporal Periodicity and Locational Spacing,” in Meillassoux, op. cit. footnote 3, p. 323.
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    • Claude Meillassoux, “Social and Economic Factors Affecting Markets in Guro Land,” in Bohannan and Dalton, op. cit. footnote 19, p. 297.
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    • Hodder and Ukwu
    • footnote 12, pp.
    • Hodder and Ukwu, op. cit. footnote 12, pp. 131-32.
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    • For example, Rosemary Arnold, “Separation of Trade and Market: The Great Market of Whydah,” in Polanyi, Arensberg, and Pearson, op. cit. footnote 21, pp. 177-87;
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    • Explosive Markets: The Berber Highlands
    • footnote 21, pp.
    • Francisco Benet, “Explosive Markets: The Berber Highlands,” in Polanyi, Arensberg, and Pearson, op. cit. footnote 21, pp. 188-217;
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    • The Lords of New Spain
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    • Rural Periodic Day Markets in Part of Yorubaland
    • For example
    • For example, B. W. Hodder, “Rural Periodic Day Markets in Part of Yorubaland,” Transactions of the Institute of British Geographers, No. 29 (1961), pp. 149-51;
    • (1961) Transactions of the Institute of British Geographers , vol.29 , pp. 149-151
    • Hodder, B.W.1
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    • Frohlich cited many attributes and patterns of markets from the early ethnographic literature
    • footnote 32, pp.
    • Frohlich, op. cit. footnote 32, pp. 240-51. Frohlich cited many attributes and patterns of markets from the early ethnographic literature.
    • op. cit. , pp. 240-251
    • Frohlich1
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    • The Origins of the Jamaican Internal Marketing System
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    • Trade and Authority in West Africa from 1850 to 1880
    • The two main functions of precolonial West African periodic markets were “to move consumer goods through exchange cycles between areas that were not self-sufficient in their economy; and more particularly, to serve as bulking and wholesale centers for professional long-distance traders dealing in rarer and more valuable commodities.” In the West African interior, “everywhere” the indigenous “preoccupation with edible surplus formed the backbone for the passage of more exotic items of trade; (Cambridge: Cambridge University Press
    • The two main functions of precolonial West African periodic markets were “to move consumer goods through exchange cycles between areas that were not self-sufficient in their economy; and more particularly, to serve as bulking and wholesale centers for professional long-distance traders dealing in rarer and more valuable commodities.” In the West African interior, “everywhere” the indigenous “preoccupation with edible surplus formed the backbone for the passage of more exotic items of trade;” Colin Newbury, “Trade and Authority in West Africa from 1850 to 1880,” in L. Gann and P. Duignan, eds. Colonialism in Africa, 1870-1960 (Cambridge: Cambridge University Press, 1969), Vol. 1, pp. 67-68.
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    • Bromley and Bromley
    • footnote 31
    • Bromley and Bromley, op. cit. footnote 31.
    • op. cit.
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    • footnote 13, p.
    • Bromley, op. cit. footnote 13, p. 62;
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    • J. H. Kirk, P. G. Ellis, and J. R. Medland, Retail Stall Markets in Great Britain, Marketing Series No. 8 (Wye, Kent: Wye College, 1972), pp. 42-43.
    • (1972) Marketing Series , vol.8 , pp. 42-43
    • Kirk, J.H.1    Ellis, P.G.2    Medland, J.R.3
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    • footnote 3, p. For example
    • For example, Hill, op. cit. footnote 3, p. 309.
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    • God, Food and Consumers in Periodic Market Systems
    • Richard Symanski, “God, Food and Consumers in Periodic Market Systems,” Proceedings, Association of American Geographers, Vol. 5 (1973), pp. 262-66.
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    • Richard, S.1


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