New research challenges traditional views on markets, reshaping economic understanding.
The article discusses different perspectives on how markets are understood and studied. Some see markets as fixed and idealized, while others see them as diverse and constantly changing. The researchers argue that focusing on the process of market creation is important for a more nuanced understanding. They highlight a divide between those who see markets as rational systems and those who see them as complex social constructs. The study suggests that a more critical approach to studying markets is needed to move beyond these polarized views.