It's not the market, stupid: On the importance of non-market economies in sustainability transitions

Koen Beumer*, Harro Maat, Dominic Glover

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

14 Citations (Scopus)

Abstract

It has been widely assumed that market mechanisms are central in incentivizing the development of sustainable innovations and that market formation is critical for the diffusion of innovations. We challenge the centrality of markets in understanding and promoting the development and diffusion of sustainable innovations using the case of the System of Rice Intensification. This innovation for sustainable rice cultivation was developed and diffused without relying on market mechanisms yet has been adopted by millions of farmers worldwide. To further our understanding of economic mechanisms beyond markets, we revisit Polanyi's distinction between markets, reciprocity, redistribution, and subsistence. This distinction helps to situate markets in a broader economic context and helps to understand how mechanisms for market exchange intersect with other types of economies in ways that can either positively or negatively affect sustainability.

Original languageEnglish
Pages (from-to)429-441
JournalEnvironmental Innovation and Societal Transitions
Volume42
DOIs
Publication statusPublished - Mar 2022

Keywords

  • Markets
  • Polanyi
  • Reciprocity
  • Redistribution
  • Subsistence
  • Sustainability transitions
  • System of Rice Intensification (SRI)

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