Markets, Networks and Hierarchies
New Horizons in Institutional and Evolutionary Economics series
Edited by Olivier Favereau and Emmanuel Lazega
Conclusion: quality is a system proerty. Downstream
Conclusion: quality is a system property. Downstream Harrison C. White In 1996 in Paris, goaded by Favereau and Lazega, I began working towards the book, Markets from Networks issued in 2002 from Princeton University Press. The manuscript that I presented in 1999 in Paris is now much revised under the impetus of the many discussions there and since. It extends my original model of ‘the market’ to systems of markets such as concern the ‘economics of convention’, with its explicit attention to culture. Intricacy and subtlety mark the reality and thus the argument. What has most fascinated me is the simultaneous closeness and distance between my market approach and that of the Convention School. EymardDuvernay sketches the latter (drawing on earlier pieces joint with Thévenot, Favereau and others) in his chapter. That, plus my book, provide the basis for my first section. I next turn to network and decision within organization, referring to Lazega and Mounier’s chapter. Only then do I bring to bear the brilliant further light shed by the chapter that was written last, that by Favereau and Biencourt with Eymard-Duvernay. My title is justified there. The editors asked me to situate my market book in earlier theory of mine. They also gave me licence to probe in this chapter some other commonalities among these very diverse analyses from two years ago in Paris that they have now shepherded into a book of great scope and diversity. I shall fit these brief comments within the general flow....
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