{"product_id":"markets-by-william-a-jackson-9781138936836","title":"Markets","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eDefining 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. \u003cem\u003eMarkets\u003c\/em\u003e argues that an extended range of theory, social as well as economic, can provide a better foundation for the portrayal of markets.\u003c\/p\u003e\n\n\u003cp\u003eThe 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.\u003c\/p\u003e\n\n\u003cp\u003eA 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.\u003c\/p\u003e\n\n\u003cp\u003eUnlike 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.\u003c\/p\u003e\n\n\u003cp\u003eAnybody 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.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Taylor \u0026 Francis","offers":[{"title":"Default Title","offer_id":47606683271404,"sku":"9781138936836","price":341.0,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/9781138936836-markets.jpg?v=1778155467","url":"https:\/\/bookhero.co.nz\/products\/markets-by-william-a-jackson-9781138936836","provider":"Book Hero","version":"1.0","type":"link"}