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Markets: Perspectives from Economic and Social Theory book cover

1st Edition

Markets Perspectives from Economic and Social Theory

By William A. Jackson Copyright 2019
266 Pages 14 B/W Illustrations
by Routledge

266 Pages 14 B/W Illustrations
by Routledge

266 Pages 14 B/W Illustrations
by Routledge
Also available as eBook on:
Defining 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... Read more

List of figures

List of tables

Preface

Part 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

Biography

William A. Jackson is Lecturer in Economics at the University of York, UK.

"For something that is increasingly shaping everybody’s lives so profoundly, a market is surprisingly ill-understood. William Jackson provides as thorough an account and understanding of the key, yet elusive idea of a ‘market’ as has been seen in many years. This treasure of a book is likely to dominate the discussion about markets for years to come." Wilfred Dolfsma, Professor of Business Management & Organisation at Wageningen University, The Netherlands

"Whatever markets are, two things are clear: mainstream economists cannot theorise them adequately, and any adequate theorisation must be multi-disciplinary. Unfortunately, mainstream economists fail to alert their audience to these things. William provides critics from inside and outside the discipline with the intellectual resources to reject mainstream theories of markets and make a start developing alternatives." Steve Fleetwood, Emeritus Professor, University of the West of England

"Jackson’s excellent new book provides a comprehensive appraisal of how economists and social scientists have explained markets. Critical of the narrow neoclassical approach, it emphasizes the diversity of markets in the real world, and argues a layered, non-reductionist social theory attentive to social and cultural factors offering a better framework for a heterodox view of markets." John B. Davis, Professor Emeritus of Economics, Marquette University, and Professor Emeritus of Economics, University of Amsterdam

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