The market as a social space: On the meaningful extraeconomic conversations that can occur in markets

The market as a social space: On the meaningful extraeconomic conversations that can occur in... Prominent economic sociologist Richard Swedberg has argued that economists have failed to develop a theory of the market that recognizes it as a “social phenomenon in its own right.” While this may be true of mainstream economics, the Austrian school’s theory of the market is much richer than the standard view. For Austrians, the market has always been a central concern. And Austrians have always argued that the market is a social structure where both exchange and competition occurs. Still, Austrians give little more than scant attention to the noneconomic sociality that occurs in markets. The market, however, is both a conversation and an arena where meaningful conversations can occur. This paper is an effort to focus attention on the market as a social space where social activity (beyond competition and exchange) takes place and where noneconomic relationships and economic relationships develop. The Review of Austrian Economics Springer Journals

The market as a social space: On the meaningful extraeconomic conversations that can occur in markets

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Springer US
Copyright © 2007 by Springer Science+Business Media, LLC
Economics; Public Finance; Political Science; History of Economic Thought/Methodology
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