Show Less

Conventions and Structures in Economic Organization

Markets, Networks and Hierarchies

Edited by Olivier Favereau and Emmanuel Lazega

This book contributes to the current rapprochement between economics and sociology. It examines the fact that individuals use rules and interdependencies to forward their own interests, while living in social environments where everyone does the same. The authors argue that to construct durable organizations and viable markets, they need to be able to handle both. However, thus far, economists and sociologists have not been able to reconcile the relationship between these two types of constraints on economic activity.
Buy Book in Print
Show Summary Details
You do not have access to this content

Conclusion: quality is a system proerty. Downstream

Markets, Networks and Hierarchies

Harrison C. White


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....

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.