Economics Dictionary of Arguments

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Markets: A market in economics is a physical or virtual place where buyers and sellers come together to exchange goods and services. Markets allow people to specialize in different areas of production, they provide competition, and promote innovation. See also Competition, Progress, Economy, Goods, Exchange, Trade, Innovation.
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Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

 
Author Concept Summary/Quotes Sources

Colin Crouch on Markets - Dictionary of Arguments

Brocker I 95o
Markets/Crouch: For Crouch, the deficit of the market ((s) context: here the marketing of state services) is not primarily due to the fact that certain goods are only made available on the basis of supply and demand. The main characteristic of the market is the "commodification"(1) of goods, commercial trade, which substantially affects the quality of goods.
cf. >Public Private Partnership/Crouch.
Brocker I 951
The provision of goods on the market goes hand in hand with access restrictions (costs), quantifying valuation (prices) and benefit-oriented selection (profits). According to Crouch, the imperfection of the markets ensures that only those public goods are made available that meet these criteria.

1. Colin Crouch, Postdemocrazia, Rom/Bari 2003 (engl.: Oxford 2004). Dt.: Colin Crouch, Postdemokratie, Frankfurt/M. 2008, p. 104

Ludger Heidbrink, „Colin Crouch, Postdemokratie“, in: Manfred Brocker (ed.) Geschichte des politischen Denkens. Das 20. Jahrhundert. Frankfurt/M. 2018


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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

PolCrouch I
Colin Crouch
Henry Farrell
Breaking the path of institutional development? Alternatives to the new determinism 2004

PolCrouch II
Colin Crouch
Post-democracy London 2004

Brocker I
Manfred Brocker
Geschichte des politischen Denkens. Das 20. Jahrhundert Frankfurt/M. 2018


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