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The Architecture of Illegal Markets - Towards an Economic Sociology of Illegality in the Economy (Hardcover)
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The Architecture of Illegal Markets - Towards an Economic Sociology of Illegality in the Economy (Hardcover)
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From illegal drugs, stolen artwork, and forged trademarks, to fraud
in financial markets - the phenomenon of illegality in market
exchanges is pervasive. Illegal markets have great economic
significance, have relevant social and political consequences, and
shape economic and political structures. Despite the importance of
illegality in the economy, the field of economic sociology
unquestioningly accepts the premise that the institutional
structures and exchanges taking place in markets are law-abiding in
nature. This volume makes a contribution to changing this.
Questions that stand at the centre of the chapters are: What are
the interfaces between legal and illegal markets? How do demand and
supply in illegal markets interact? What role do criminal
organizations play in illegal markets? What is the relationship
between illegality and governments? Is illegality a phenomenon
central to capitalism? Anchored in economic sociology, this book
contributes to the analysis and understanding of market exchanges
in conditions of illegality from a perspective that focuses on the
social organization of markets. Offering both, theoretical
reflections and case studies, the chapters assembled in the volume
address the consequences of the illegal production, distribution,
and consumption of products for the architecture of markets. It
also focuses on the underlying causes and the political and social
concerns stemming from the infringement of the law.
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