Markets from Networks

"In Markets from Networks, one of America's most influential sociologists unveils a ground-breaking theory of the market economy. Arguing that most economists use overly abstract models of how the economy operates. Harrison White seeks a richer, more empirically based alternative. In doing so, he offers a more lucid, generalized treatment of the market models described in his important earlier work in order to show how any given market is situated in a broader exchange economy.". "Throughout, White draws extensively on case studies of American businesses and on recent mathematical and…