Black Economy – Goods and Services Traded Outside the Formal Financial System
The black economy refers to the informal or underground economy, where goods and services are traded outside of the formal financial system.
systems of exchange
Bronislaw Malinowski, the Trobriand people and the Kula
In the early twentieth century the Trobriand people were the subject of an in-depth ethnographic study by Bronislaw Malinowski. The anthropologist lived on Mailu Island for several years. He learnt their language and interacted with the islanders daily. His stated aim was to understand the “imponderabilia of everyday life” in the tribe.
