More from “Where do prices come from?”

More from Jens Beckert, “Where do prices come from?” Socio-Economic Review, 2011, link

“Understanding prices as the outcome of struggles between market actors taking place within market fields is the sociological vantage point from which to analyse price formation. Moreover, the formation of preferences—which is an important component of price formation because preferences constitute the value of goods—is explained based on the cognitive and normative orientations of market actors which shape what they conceive to be valuable.”

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