The first seminar aims to introduce the concept of market, examine the evolution of markets, and draw attention to a variety of disciplinary perspectives for the study of markets. The goal is to acquire the basic understanding of the subject, its importance, as well as the benefits and possible shortcomings of different approaches to the study of markets.
‘Markets’, Stanford Encyclopedia of Philosophy (http://plato.stanford.edu/entries/markets/)
(This entry will not be discussed in the seminar, but it offers a handy synthesis of some of the major issues and an extended bibliography.)
Jeffrey A. Frieden, ‘The Modern Capitalist World Economy: A Historical Overview’ in Dennis C. Mueller (ed), The Oxford Handbook of Capitalism (OUP, 2012) (available on-line from the EUI library catalogue)
Bernard E. Harcourt The Illusion of Free Markets chapters 1 and 6 (supplied)
For an interesting exchange on Harcourt’s book, see: James Q. Whitman, The Free Market and the Prison, 125 Harv. L. Rev. 1212 (2012) and Harcourt’s response available online at the Harvard Law Review, here: http://harvardlawreview.org/2012/03/on-the-american-paradox-of-laissez-faire-and-mass-incarceration/
Don Slater and Fran Tonkiss Market Society: Markets and Modern Social Theory (Polity, 2001) ch 1 (‘The Emergence of Market Society’)
Fred Block ‘Contesting Markets All the Way Down’ 68 Journal of Australian Political Economy 27 (2011)