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What is Social Dynamics of Flea Markets about?

This paper analyzes two large flea markets in New York to understand how economic activity is organized in informal settings. It uses a case study approach to examine how cultural norms and social relationships shape economic behavior at these markets. The paper challenges the neoclassical view that the economy exists separately from society. Instead, it argues that successful markets are social constructions dependent on trust, cooperation and other interpersonal qualities embedded in the local culture.

Author

Vlad Catuna

Language

EN