The Evolution of Markets

Michael Perelman

Chapter 1 in Information, Social Relations and the Economics of High Technology, 1991, pp 6-46 from Palgrave Macmillan

Abstract: Abstract The three vignettes provide a useful introduction to an analysis of the role of information in market societies, in part, because they clearly illustrate the heterogeneity of markets. In each vignette, the market is defined by different forms of social relations, by varying degrees of resource availability, and, finally, by the extent to which the ultimate decision is trusted to the market.

Keywords: Informal Sector; Capitalist Economy; Social Formation; Capitalist Society; Traditional Society (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11161-9_2

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DOI: 10.1007/978-1-349-11161-9_2

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