Production Markets as Induced Role Structures

Neoclassical microeconomics (Mansfield, 1975; Scitovsky, 1952; Stigler, 1946) does not look directly at markets. Instead, decisions by typical actors (firms and consumers) are modeled. The theory is unable to specify analytically the boundaries of a market, or to discriminate a production market as such from an entire industrial economy (Kuenne, 1967). Even the departures from orthodoxy in recent decades share its