000			02598nam a22001937a 4500
005			20240219180211.0
008			240219b |||||||| |||| 00| 0 eng d
020			_a9781032031781
082			_a381.1 _bJAC
100			_aJackson, William A. _914377
245			_aMarkets: _b perspectives from economic and social theory
260			_bRoutledge _aNew York _c2021
300			_a250 p.
365			_aINR _b1595.00
500			_aPart I: What are markets? 1 Defining markets 2 The orthodox approach Part II: Historical background 3 Markets before capitalism4 Markets under capitalism Part III: Alternative perspectives on markets 5 Social and cultural approaches 6 Structural approaches 7 Functional approaches 8 Ethical approaches Part IV: Variety and context 9 The diversity of markets 10 Markets within the total economy Bibliography Index
520			_aDefining markets has never been an easy task. Despite their importance for economic theory and practice, they are hard to pin down as a concept and economists have tended to adopt simplified axiomatic models or rely on piecemeal case studies. This book argues that an extended range of theory, social as well as economic, can provide a better foundation for the portrayal of markets. The book first looks at the definition of markets, their inadequate treatment in orthodox economic theory, and their historical background in the pre-capitalist and capitalist eras. It then assesses various alternatives to orthodox theory, categorised as social/cultural, structural, functional and ethical approaches. Among the alternatives considered are institutionalist accounts, Marxian views, network models, performativity arguments, field theories, Austrian views and ethical notions of fair trade. A key finding of the book is that these diverse approaches, valuable as they are, could present a more effective challenge to orthodoxy if they were less disparate. Possibilities are investigated for a more unified theoretical alternative to orthodoxy. Unlike most studies of markets, this book adopts a fully interdisciplinary viewpoint expressed in accessible, non-technical language. Ideas are brought together from heterodox economics, social theory, critical realism, as well as other social sciences such as sociology, anthropology and geography. Anybody seeking a broad critical survey of the theoretical analysis of markets will find this book useful and it will be of great interest to economists, social scientists, students and policy-makers.
650			_aCapitalism _915242
942			_cBK _2ddc
999			_c6122 _d6122