Description: With the collapse of the planned economies of Eastern Europe, the market is extending its reach and at the same time claiming its universal applicability. Paradoxically, this is occurring while it is becoming more difficult to define "the market". The authors, all outstanding scholars in the booming field of socio-economics, explore how concrete markets are built up and stabilized. They explore how entities, material or non-material, human or non-human, are transformed into commodities, how economic behaviors are shaped by institutional arrangements, and whether it is possible to characterize the role of the social sciences and in particular economics in performing markets and in enforcing rational behaviors.

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