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Moral Markets - How Knowledge and Affluence Change Consumers and Products (Hardcover)
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Moral Markets - How Knowledge and Affluence Change Consumers and Products (Hardcover)
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Nothing affects modern society more than the decisions made in the
marketplace, especially (but not only) the judgments of consumers.
Stehr's designation of a new stage in modern societies with the
term "moral markets" signals a further development in the social
evolution of markets.Market theories still widely in use today
emerged in a society that no longer exists. Consumers were hardly
in evidence at all in early theories of the market. Today, growing
affluence, greater knowledge, and high-speed communication among
consumers builds into the marketplace notions of fairness,
solidarity, environment, health, and political considerations
imbued with a long-term perspective that can disrupt short-term
pursuits of the best buy. Importantly, such social goals,
individual apprehensions, and modes of consumer conduct become
inscribed today in products and services offered in the
marketplace, as well as in the rules and regulations that govern
market relations. Stehr uses examples to illustrate these trends
and build new theory fitting today's changing consumerism.
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