Advancing the study of markets and networks as parallel forms of exchange, contributors mix methods from sociology and economics. The complementary approaches show how markets are framed by social institutions and describe how these markets perform in a given social context. Drawing from research concerning Taiwan, South Korea, fish markets, banking in Florence, and African American retail businesses, chapters cover issues of trust and gossip, stability and efficiency, market organization and individual behavior, identity and control, and ethnic ties and entrepreneurship. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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JAMES E. RAUCH is professor of economics at the University of California, San Diego. ALESSANDRA CASELLA is professor of economics at Columbia University.
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