Markets, Information and Uncertainty: Essays in Economic

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To outsiders, the chiefs seemed to have arbitrary and ruthless power based on 'club law'. The legendary gangsta hip-hop emcee Ice-T was born Tracy Marrow on February 16, 1958, in Newark, New Jersey. Eventually this put severe downward pressure on prices, particularly of cotton, first from 1820–23 and again from 1840-43. Focusing on the southern Appalachian botanical drug trade, which flourished in the mid- to late nineteenth century, Manget demonstrates that although the expansion of the market for such products led to the commodification of the plants from which they were sourced, it “did not lead to the bounding of the land.” Moreover, Manget suggests, “Rather than accentuate economic and political inequality, the process instead helped to maintain widespread commitment to common rights, which reinforced an egalitarian ethos.” Indeed, herb gatherers enjoyed significant latitude in that wild plants were deemed the property of the harvester, not the person on whose land they grew.

Pages: 400

Publisher: Cambridge University Press (January 28, 1999)

ISBN: 0521553555

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