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 sociological work on networks. Rivaling standard economic theories with its rich empirical grounding, sheer originality, and scholarly rigor, Markets from Networks will resonate in economics and economic sociology for years to come."--BOOK JACKET.