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Market Fashioning
Seminar for Sociology, University of St. Gallen, SfS-HSG Müller-Friedberg-Strasse 6/8, 9000, St. Gallen, Switzerland.
Department of Sociology, Stockholm University, 10691, Stockholm, Sweden.
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Sociology.ORCID iD: 0000-0002-6352-3592
2020 (English)In: Theory and society, ISSN 0304-2421, E-ISSN 1573-7853Article in journal (Refereed) Epub ahead of print
Abstract [en]

How do markets come about? This article offers a first systematic analysis of threedifferent ideal types of market fashioning: mutual adjustment, organization, and fields.Although aspects of these are identifiable in most empirical markets, these three idealtypes provide analytic tools for students of real markets and marketplaces. After goingthrough this comprehensive literature, it is argued that mutual adjustment, which refersto non-planned processes, is affinity with markets in which products are differentiated,for example, producer markets. Organization refers to process driven by attempts todecide for others and shows affinity with markets for standardized and homogenousproducts, for example, stock exchanges. Organization also accounts for the making ofmarketplaces. The broader notion of fields does not refer to any specific process, butaccounts for the context of market fashioning and its respective power struggles.

Place, publisher, year, edition, pages
2020.
National Category
Sociology
Identifiers
URN: urn:nbn:se:uu:diva-398868DOI: 10.1007/s11186-020-09379-0OAI: oai:DiVA.org:uu-398868DiVA, id: diva2:1377203
Available from: 2019-12-11 Created: 2019-12-11 Last updated: 2020-02-06Bibliographically approved

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