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Organizing and Reorganizing Markets (Hardcover)
Loot Price: R2,785
Discovery Miles 27 850
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Organizing and Reorganizing Markets (Hardcover)
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Organizing and Reorganizing Markets brings organization theory to
the study of markets. The difference between markets and
organizations is often exaggerated. Organizing exists in addition
to other processes and phenomena that form markets: the mutual
adaption among sellers and buyers as described in mainstream
economics, and the institutions described in institutional
economics and economic sociology. Market organization can be
analysed with the same type of theories used for analysing
organization within formal organizations. Through the use of many
empirical examples, the book demonstrates how this can be done. The
authors argue that the way a certain market is organized can be
understood as the (intermediate) result of previous organizing
processes. Questions discussed include: 'What drives market
organizing and reorganizing processes? What makes various
organizations intervene as market organizers? And, how are the
specific contents of market organization determined?' The answers
to these questions help to analyse similarities and differences
among organizing processes in formal organizations and those in
markets. Arguments are illustrated by in-depth studies of many
types of markets. The book will open up markets as a field of study
for scholars of organization.
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