Valuing the Unique: The Economics of Singularities (Hardback)
  • Valuing the Unique: The Economics of Singularities (Hardback)
zoom

Valuing the Unique: The Economics of Singularities (Hardback)

(author), (translator), (translator)
£69.95
Hardback Published: 01/07/2010
  • Not available

This product is currently unavailable.

  • This item has been added to your basket
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 are necessarily equipped with what he calls 'judgment devices' - such as labels, brands, guides, critics, and rankings - which provide consumers with the credible knowledge needed to make reasonable choices. He explains why these markets are characterized by the primacy of competition by qualities over competition by prices, and he identifies the conditions under which singularities are constructed or are in danger of losing their uniqueness. After demonstrating how combinations of the numerous and multiform judgment devices can be used to identify different market models, Karpik applies his analytical tools to the functioning of a large number of actual markets, including fine wines, movies, luxury goods, pop music, and legal services.

Publisher: Princeton University Press
ISBN: 9780691135847
Weight: 542 g
Dimensions: 229 x 152 mm

You may also be interested in...

Wealth of Nations
Added to basket
£3.99
Paperback
The Constitution of Liberty
Added to basket
The Theory of the Leisure Class
Added to basket
Conspicuous Consumption
Added to basket
The Wealth of Nations
Added to basket
Introducing Keynes
Added to basket
£7.99
Paperback
Small Is Beautiful
Added to basket
How Markets Fail
Added to basket
£9.99
Paperback
Game Theory: A Very Short Introduction
Added to basket
The Worldly Philosophers
Added to basket
The Wealth of Nations
Added to basket
The Theory of Moral Sentiments
Added to basket
Capital
Added to basket
£3.99
Paperback

Reviews

Please sign in to write a review

Your review has been submitted successfully.