IDEAS home Printed from https://ideas.repec.org/a/bla/ajecsc/v64y2005i4p999-1023.html
   My bibliography  Save this article

A Socio‐Dynamic Understanding of Markets

Author

Listed:
  • Anders Liljenberg

Abstract

Economic sociology furthers a healthy alternative to price‐theory–oriented economics as it sets out to remedy the invisibility of the market within the latter. There is, however, no doubt that such a market‐oriented sociology is still in its infancy, given among other issues its inability to shoulder market change. The void thus recognized opens up the potential for a market idea with both social and dynamic properties. There is good reason to believe that such an endeavor would benefit from the constructive blending of economic sociology and Austrian economics. This paper argues that such a “socio‐Austrian” connection is in the position to enrich the socioeconomic discourse in general and its market conception in particular.

Suggested Citation

  • Anders Liljenberg, 2005. "A Socio‐Dynamic Understanding of Markets," American Journal of Economics and Sociology, Wiley Blackwell, vol. 64(4), pages 999-1023, October.
    • Handle: RePEc:bla:ajecsc:v:64:y:2005:i:4:p:999-1023
    DOI: 10.1111/j.1536-7150.2005.00423.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1536-7150.2005.00423.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1536-7150.2005.00423.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716, December.
    2. Rutherford,Malcolm, 1996. "Institutions in Economics," Cambridge Books, Cambridge University Press, number 9780521574471.
    3. Israel M. Kirzner, 1997. "Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 60-85, March.
    4. Peter J. Boettke (ed.), 1994. "The Elgar Companion to Austrian Economics," Books, Edward Elgar Publishing, number 53.
    5. repec:ucp:bkecon:9780226320625 is not listed on IDEAS
    6. Beaulier Scott & Boettke Peter, 2000. "Of Norms, Rules and Markets: A Comment on Samuels," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 10(4), pages 1-8, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wolfgang Kerber & Simonetta Vezzoso, 2004. "EU Competition Policy, Vertical Restraints, and Innovation: An Analysis from an Evolutionary Perspective," Marburg Working Papers on Economics 200414, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    2. Vipin P. Veetil, 2016. "The Mythology of Capital in the Twenty-First Century," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 31(Spring 20), pages 21-36.
    3. Sheen S. Levine & Mark Bernard & Rosemarie Nagel, 2018. "Strategic intelligence: The cognitive capability to anticipate competitor behaviour," Strategic Management Journal, Wiley Blackwell, vol. 39(2), pages 527-527, February.
    4. Kirsten Foss & Nicolai J. Foss, "undated". "Creating, Capturing and Protecting Value: A Property Rights-based View of Competitive Strategy," IVS/CBS Working Papers 2002-03, Department of Industrial Economics and Strategy, Copenhagen Business School.
    5. David Dequech, 2008. "Varieties of uncertainty: a survey of the economic literature," Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting] 200807211223070, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    6. Anders Liljenberg, 2005. "The Austrian Tertius Gaudens: A Revisit of Competition Theory in Light of Georg Simmel," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 18(2), pages 195-218, June.
    7. ZHOU, Chaohong & VAN WITTELOOSTUIJN, Arjen, 2009. "Evolutionary game theory and organizational ecology: The case of resource-partitioning theory," Working Papers 2009002, University of Antwerp, Faculty of Business and Economics.
    8. Alessi Louis De, 1998. "Reflections on Coase, Cost, and Efficiency," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 8(1), pages 1-22, March.
    9. Stefan W. Schmitz, 2004. "Uncertainty in the Austrian Theory of Capital," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 17(1), pages 67-85, March.
    10. Fikret Adaman & Pat Devine, 2002. "A Reconsideration of the Theory of Entrepreneurship: A participatory approach," Review of Political Economy, Taylor & Francis Journals, vol. 14(3), pages 329-355.
    11. Michael Litschka & Kristoffel Grechenig, 2010. "Law by human intent or evolution? Some remarks on the Austrian school of economics’ role in the development of law and economics," European Journal of Law and Economics, Springer, vol. 29(1), pages 57-79, February.
    12. Virgil Henry Storr & Arielle John, 2015. "The determinants of entrepreneurial alertness and the characteristics of successful entrepreneurs," Chapters, in: Laura E. Grube & Virgil Henry Storr (ed.), Culture and Economic Action, chapter 4, pages 68-87, Edward Elgar Publishing.
    13. James Fiet & Alexandre Piskounov & Pankaj Patel, 2005. "Still Searching (Systematically) 1 for Entrepreneurial Discoveries," Small Business Economics, Springer, vol. 25(5), pages 489-504, December.
    14. Matthieu MONTALBAN & Sigfrido RAMIREZ-PEREZ & Andy SMITH, 2011. "EU Competition Policy Revisited: Economic Doctrines Within European Political Work," Cahiers du GREThA (2007-2019) 2011-33, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    15. Mantzavinos C., 2005. "Das institutionenökonomisch-evolutionäre Wettbewerbsleitbild / Competition Policy from an Institutional-Evolutionary Perspective," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 225(2), pages 205-224, April.
    16. ZHOU, Chaohong & VAN WITTELOOSTUIJN, Arjen, 2009. "Evolutionary game theory and organizational ecology: The case of resource-partitioning theory," ACED Working Papers 2009001, University of Antwerp, Faculty of Business and Economics.
    17. Bryan Caplan, 1999. "The Austrian Search for Realistic Foundations," Southern Economic Journal, John Wiley & Sons, vol. 65(4), pages 823-838, April.
    18. Paul Lewis, 2005. "Boettke, The Austrian School and the Reclamation of Reality in Modern Economics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 18(1), pages 83-108, January.
    19. Darcy W E Allen, 2020. "When Entrepreneurs Meet:The Collective Governance of New Ideas," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number q0269, January.
    20. Brian Chi‐ang Lin, 2007. "A New Vision Of The Knowledge Economy," Journal of Economic Surveys, Wiley Blackwell, vol. 21(3), pages 553-584, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ajecsc:v:64:y:2005:i:4:p:999-1023. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0002-9246 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.