TY - CHAP AB - Purpose – The purpose of this research is to investigate whether and to what extent economic transactions are influenced by social structures, power distributions, and cultural understandings through an analysis of exchange at a scrap metal yard in Chicago.Methodology/Approach – Between March 2000 and December 2002, 72 interviews were conducted with collectors who bring metal to City Iron. With 16 of these collectors the author had a working relationship, assisting the collector in all aspects of the job. Data were coded and analyzed with the assistance of NVIVO, a qualitative data management program.Findings – The author finds that market transactions are not impersonal and that moral characterizations matter. In this universally risky business in which some level of in-market cheating is expected, material and moral appraisals become intertwined as participants look to extra-market cues and clues in evaluating with whom to transact and how. While the ascription of ethnicity serves as a proxy for the particularistic judgment of trustworthiness, this sorting is accomplished and legitimated by an ostensibly universal moral discourse. Actors evaluate each other using a moral yardstick, paying as much – if not more – attention to what one believes the other is doing when not working as to when one is.Originality/Value of paper – By focusing on exchange-in-interaction and articulating how economic transactions are culturally embedded, this research contributes to scholarship in the sociologies of work and economies, and provides a glimpse into an understudied work world. VL - 18 SN - 978-1-84855-368-2, 978-1-84855-369-9/0277-2833 DO - 10.1108/S0277-2833(2009)0000018011 UR - https://doi.org/10.1108/S0277-2833(2009)0000018011 AU - Martel Elise ED - Nina Bandelj PY - 2009 Y1 - 2009/01/01 TI - Yard games: the social, symbolic, and economic logic of exchange in a scrap metal yard in Chicago T2 - Economic Sociology of Work T3 - Research in the Sociology of Work PB - Emerald Group Publishing Limited SP - 233 EP - 260 Y2 - 2024/09/19 ER -