Markets, the Organisation of Exchanges and « Instituted economic process » - An Analytical Perspective

Abstract

This paper develops an analysis of the organisation of exchange processes. By limiting analysis to specifically economic instituted characteristics, the intention is both deepen the economic sociology of markets, and to situate instituted organisation of exhange processes in a much broader field than market exchanges. The paper develops a procedure for analysing the variety and dynamics of exchange processes by identifying some key underlying parameters. The separation and formation of classes of economic agent between which exchange occurs;the interdependant nexus of economic agents and exchange processes, market and non-market; and interaction accross the exchange process between sellers and buyers upon which exchange processes depend are analysed as way of understanding systematic differences and variations both between and within labour, product and capital markets.