THE USE OF ECONOMIC-ANTHROPOLOGY IN ECONOMIC-DEVELOPMENT - RESPONSE

The author comments on the use of anthropological methodologies in economic development research and practice in a developed economy such as the United Stares. The focus is the article by Morales, Balkin, and Persky on the closing of Chicago's Maxwell Street Market in August 1994. The article focuses on monetary losses for both buyers (consumers of market goods) and sellers (vendors of those goods) resulting from the closing of the market. Also included are a brief history of the market and a review of the literature on the informal economy. The authors measure ''the value of street vending'' by combining ethnographic and economic analytical methods.