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The market - Markets as information-processing devices and social institutions | 1st edition

by Alexander Styhre

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Publisher Studentlitteratur
Language Swedish
Book type Paperback
Utgiven 2017-06-15
Edition 1
Pages 184
ISBN 9789144119274
Kategori(er) Business, Economics & Management
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Description

In this book the concept of the market is examined from an organization theory view, wherein markets are not so much understood as a supreme and original information-processing device, but as a social institution influenced and shaped by social and human interests. In this latter view, organizations not only respond to the market as an autonomous entity or an exogenous factor, but organization representatives actively seek to shape the market and its mechanisms in their own interests. The book provides a comprehensive overview and introduction to key issues pertaining to the market system such as price-setting, competition, information, market regulation, and the role of lobbyism and other forms of organizational rent-seeking shaping the rules of the market.

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