April, 2010

The Social Construction of the Market

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Although Berger and Luckmann do not specifically discuss the market, they would undoubtedly agree that the market is socially constructed. Indeed, the market is a product of social action that has an objective and subjective reality. Inspired by Berger and Luckmann’s work, this paper will describe the social construction of the market. Specifically, it will focus on the Austrian understanding of the market. It is my contention that the Austrians have articulated a “sociology of the market” that is consistent with Berger and Luckmann’s approach.    

Read the full article at SSRN.com.

Citation (Chicago Style)

Storr, Virgil Henry, The Social Construction of the Market (April 1, 2010). Society, Vol. 47, No. 3, pp. 200-206, 2010.