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The moral economy is an extremely powerful and influential concept that has far-reaching analytical, but also normative, implications. The term is difficult to define precisely, and continues to be used in a wide variety of contexts across multiple disciplines, including anthropology, sociology, geography, history, development studies, and political ecology. The gist of the moral economy is to point to the myriad ways in which economic behavior and institutions are constituted by and embedded within cultural and political norms, often with a high degree of historical and geographical specificity. This can be a primarily theoretical conceptualization drawing attention to the ways in which particular norms, values, traditions, and social relations constrain (and motivate) economic activities (broadly defined). But it can also be used in a more ...

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