Configuring Value Conflicts in Markets

Based on fourteen empirical case studies, this far-reaching book explains why and how markets are organized, through examining the role of values and value work in markets. Economic values shape markets, as do sustainability, safety, decency, public health and democracy. Based on micro-process studies in a large number of markets, this innovative volume presents a typology of strategic responses to value plurality in markets and helps explain how such value work influences market reform. Value plurality may be reinforced and turned into open conflicts, but may also be played down in configurations that neutralize, align, balance, or hierarchize values. A multi-disciplinary work, this book will be of interest to scholars and practitioners interested in markets, particularly in the creating, organizing and development of markets, including the consequences of such undertakings. It will also be an invaluable resource to politicians and their advisors who often initiate market reforms or have to deal with the consequences of previous reforms.