"The Market as a Social Institution" by John F. Sargeant

"The Market as a Social Institution" by John F. Sargeant explores how markets are more than just places for buying and selling; they shape and are shaped by society's values, culture, and social relationships. Sargeant emphasizes that markets influence behavior, norms, and perceptions of fairness, acting as integral parts of social life. They reflect societal attitudes toward wealth, power, and community, demonstrating that economic activity is interconnected with social structures. Understanding markets as social institutions helps us see their role in fostering social cohesion or conflict, highlighting the importance of social justice and ethical considerations within economic systems.