How Are Markets Possible?

Jens Beckert

The articles arising out of this project aim to develop the conceptional foundations within the sociology of markets. They start from the problem of uncertainty in market exchange and then systematically analyze the preconditions of order in markets. The articles focus on the constitution of economic value, the structuring of competition, and solutions to cooperation problems in market exchange. These issues are developed from the perspective of action theory and are discussed in relation to the existing literature in economics and sociology.