Tag Archives: market

Beyond Markets and States – Polycentric Governance of Complex Economic Systems

The most important lesson for public policy analysis derived from the intellectual journey I have outlined here is that humans have a more complex motivational structure and more capability to solve social dilemmas than posited in earlier rational-choice theory. Designing … Continue reading

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What Money Can’t Buy: The Moral Limits of Markets

Should we pay children to read books or to get good grades? Is it ethical to pay people to test risky new drugs or to donate their organs? What about hiring mercenaries to fight our wars, outsourcing inmates to for-profit … Continue reading

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Disembedded Markets as a Mirror of Society

In the Marxist tradition, capitalism is understood as a commodified society based on markets. The article argues that the ultimate justification of this position does not lie in any ‘materialistic’ approach, but in the disembedding of markets that was the … Continue reading

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Overcoming ‘Tragedies of the Commons’ with a Self-Regulating, Participatory Market Society

Our society is fundamentally changing. These days, almost nothing works without a computer chip. Processing power doubles every 18 months and will exceed the capabilities of human brains in about ten years from now. Some time ago, IBM’s Big Blue … Continue reading

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Networks, Crowds, and Markets: Reasoning About a Highly Connected World

Over the past decade there has been a growing public fascination with the complex connectedness of modern society. This connectedness is found in many incarnations: in the rapid growth of the Internet, in the ease with which global communication takes … Continue reading

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Public sociology vs. the market

Building on Karl Polanyi’s theory of a societal reaction to the unregulated exchange of what he called fictitious commodities — labour, money and land — this paper links the history of sociology to the history of the market. If the … Continue reading

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Market, hierarchy and trust – The knowledge economy and the future of capitalism

Recent conceptualizations of trends in the structure of U.S. industry have focused on the relative importance of markets, hierarchies, and hybrid intermediate forms. This paper advances the discussion by distinguishing three ideal–typical forms of organization and their corresponding coordination mechanisms: … Continue reading

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Language and the Market Society: Critical Reflections on Discourse and Dominance

Language plays a central role in creating and sustaining the market society – a society, that is, in which market exchange is no longer simply a process, but an all-encompassing social principle. The social domains affected include education, politics and … Continue reading

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Markets, networks and management

The perspective of network science views knowledge as socially created and socially re-created not as stuff of the mind that can be shared and stored by individuals. Knowing is a process of relating. From the network-based, relational perspective knowing is … Continue reading

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Tribes, Institutions, Markets, Networks – A framework about Societal Evolution

What forms account for the organization of societies?  How have people organized their societies across the ages?  The answer may be reduced to four basic forms of organization: the kinship-based tribe, as denoted by the structure of extended families, clans, … Continue reading

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