Tag Archives: market evolution

History of Profit in the US: Corporations, Accounting and Capital

The case of The United Steel Workers of America v. The United States Steel Corporation (1980) concerned the closing of two steel mills. The steelworkers claimed U.S. Steel had promised to keep the two mills open so long as they … Continue reading

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“Plastic Money: Constructing Markets for Credit Cards in Eight Postcommunist Countries” is an excellent book that skillfully demolishes myths about markets, money and globalization

(Open access to the first chapter) In countries without a history of economic stability, how can banks decide who should be given a credit card? How do markets convince people to use cards, make their transactions visible to authorities, assume … Continue reading

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Markets

In this insightful book of Patrik Aspers (Stockholm University) presents a comprehensive sociological view of Markets. Aspers smoothly combines theory with empirical examples and illuminates the origins and forms of markets, how thay are made and the importance of identity and emotions. … Continue reading

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Networks in the Russian Economy

How does Russian economy function on a grassroots level? In addition to market mechanisms, what kinds of social and moral principles are at work in the new Russian economy? Is the ‘Soviet legacy’ still present in post-Soviet business practices? This … Continue reading

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The Origin and Development of Markets: A Business History Perspective

The origins of the market are obscure, but substantial documentary evidence survives from the eleventh century onward, when chartered markets and new towns were established across Western Europe. The expansion of the market system is important for business history because … Continue reading

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