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Valuing the Unique: The Economics of Singularities
Lucien Karpik
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Description for Valuing the Unique: The Economics of Singularities
Paperback. Dealing with economic sociology, this title introduces the theory and practical tools needed to analyze markets for singularities. It shows that because of the uncertainty and the subjective valuation of singularities, the markets related to movies, music, and fine wine are equipped with the 'judgment devices' such as brands, critics and rankings. Translator(s): Scott, Nora; Shimer, Robert. Num Pages: 288 pages, 2 line illus. 5 tables. BIC Classification: KCA. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 233 x 156 x 19. Weight in Grams: 414.
In this landmark work of economic sociology, Lucien Karpik introduces the theory and practical tools needed to analyze markets for singularities. Singularities are goods and services that cannot be studied by standard methods because they are multidimensional, incommensurable, and of uncertain quality. Examples include movies, novels, music, artwork, fine wine, lawyers, and doctors. Valuing the Unique provides a theoretical framework to explain this important class of products and markets that for so long have eluded neoclassical economics. With this innovative theory--called the economics of singularities--Karpik shows that, because of the uncertainty and the highly subjective valuation of singularities, these markets ... Read more
In this landmark work of economic sociology, Lucien Karpik introduces the theory and practical tools needed to analyze markets for singularities. Singularities are goods and services that cannot be studied by standard methods because they are multidimensional, incommensurable, and of uncertain quality. Examples include movies, novels, music, artwork, fine wine, lawyers, and doctors. Valuing the Unique provides a theoretical framework to explain this important class of products and markets that for so long have eluded neoclassical economics. With this innovative theory--called the economics of singularities--Karpik shows that, because of the uncertainty and the highly subjective valuation of singularities, these markets ... Read more
Product Details
Publisher
Princeton University Press
Number of pages
296
Format
Paperback
Publication date
2010
Condition
New
Number of Pages
288
Place of Publication
New Jersey, United States
ISBN
9780691137100
SKU
V9780691137100
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Lucien Karpik
Lucien Karpik is a sociologist at the Ecole des Mines and the Centre Raymond Aron (EHESS) in Paris. His books include "French Lawyers: A Study in Collective Action, 1274-1994" and, with Terence C. Halliday and Malcolm M. Feeley, "Fighting for Political Freedom: Comparative Studies of the Legal Complex and Political Liberalism".
Reviews for Valuing the Unique: The Economics of Singularities
"[T]his is an admirable book. It is theoretically rich, illustrated with many, many fascinating examples of real markets, and a wonderful read for all interested in how markets really work."
John L. Campbell, Administrative Science Quarterly "Given the relative scarcity of theoretical models in economic anthropology in the last decade, anthropologists should not simply discard this very ambitious, empirically grounded model ... Read more
John L. Campbell, Administrative Science Quarterly "Given the relative scarcity of theoretical models in economic anthropology in the last decade, anthropologists should not simply discard this very ambitious, empirically grounded model ... Read more