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Part I - Market Designs and Market Misfires

Published online by Cambridge University Press:  22 November 2024

Susi Geiger
Affiliation:
University College Dublin
Katy Mason
Affiliation:
Lancaster University
Neil Pollock
Affiliation:
University of Edinburgh
Philip Roscoe
Affiliation:
University of St Andrews, Scotland
Annmarie Ryan
Affiliation:
University of Limerick
Stefan Schwarzkopf
Affiliation:
Copenhagen Business School
Pascale Trompette
Affiliation:
Université de Grenoble
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Summary

At its simplest, the Market Studies discipline is based on the idea that markets are organized – which is one of the reasons why Market Studies scholarship often overlaps with organization studies (Ahrne, Aspers and Brunsson 2015; Geiger and Gross 2018; Palo, Mason and Roscoe 2019). Though often decentrally and organically evolving, this organization typically is at least partly the result of deliberate shaping, engineering or design efforts by some market actors. Much attention in Market Studies has been given to acts of market making, which we define here as the multi-actor efforts of creating a market organization through socio-material assemblages according to certain organizational principles and directed towards certain goals. These efforts typically result in what Koray Çalışkan and Michel Callon (2010) encapsulate through their famous notion of ‘market socio-technical agencements’, or market STAs (or, even shorter, mSTAs).

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