http://www.rethinkingmarkets.org/2009/05/28/socially-acceptable-markets.html Economic Sociology from the Ground Up Fri, 30 Sep 2011 15:24:01 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.rethinkingmarkets.org/2009/05/28/socially-acceptable-markets.html#comment-295 peter Fri, 29 May 2009 16:40:14 +0000 http://www.rethinkingmarkets.org/?p=675#comment-295 there was a similar issue with securities traders trading 1/8ths, where those who did were basically called out by those who didn't want them to. and the reason was because it created larger spreads. so much for economic efficiency arguments, huh... there was a similar issue with securities traders trading 1/8ths, where those who did were basically called out by those who didn’t want them to. and the reason was because it created larger spreads. so much for economic efficiency arguments, huh…

]]> http://www.rethinkingmarkets.org/2009/05/28/socially-acceptable-markets.html#comment-294 Dan Hirschman Fri, 29 May 2009 02:25:38 +0000 http://www.rethinkingmarkets.org/?p=675#comment-294 It's also fascinating that merchants managed to use social norms to achieve their desired outcome anyway. The noncontractual basis of contract here allowed for the contract as written to be loosely coupled from the market as practiced, to abuse some jargon. It’s also fascinating that merchants managed to use social norms to achieve their desired outcome anyway. The noncontractual basis of contract here allowed for the contract as written to be loosely coupled from the market as practiced, to abuse some jargon.

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