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The Architecture of Illegal Markets

Edited by Jens Beckert and Matías Dewey

Published in print August 2017 | ISBN: 9780198794974
Published online August 2017 | e-ISBN: 9780191836442 | DOI: https://dx.doi.org/10.1093/oso/9780198794974.001.0001
The Architecture of Illegal Markets

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From illegal drugs, stolen artwork, and forged trademarks, to fraud on financial markets—the phenomenon of illegality in market exchanges is pervasive. Illegal markets have great economic significance, have relevant social and political consequences, and shape economic and political structures. Despite the importance of illegality in the economy, the field of economic sociology unquestioningly accepts the premise that the institutional structures and exchanges taking place in markets are law-abiding in nature. This volume seeks to challenge this. Questions that stand at the center of the chapters are: What are the interfaces between legal and illegal markets? How do demand and supply in illegal markets interact? What role do criminal organizations play in illegal markets? What is the relationship between illegality and governments? Is illegality a phenomenon central to capitalism? Anchored in economic sociology, this book contributes to the analysis and understanding of market exchanges in conditions of illegality from a perspective that focuses on the social organization of markets. Offering both theoretical reflections and case studies, the chapters assembled in the volume address the consequences of the illegal production, distribution, and consumption of products for the architecture of markets. It also focuses on the underlying causes and the political and social concerns stemming from the infringement of the law. This book provides insights into the trades in diamonds and counterfeit clothing, rhino horn and human organs, alcohol and doping products, marihuana and smuggled goods, stolen antiquities and personal information, and illegal practices in finance and price setting.

Keywords: illegal markets; economic sociology; legalization; illegalization; capitalism; organized crime; interfaces; legality; legitimacy; enforcement

Book.  336 pages.  Illustrated.

Subjects: Financial Institutions and Services ; International Business

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Table of Contents

Introduction in The Architecture of Illegal Markets

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Illegal Markets in The Architecture of Illegal Markets

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Secrecy and Frontiers in Illegal Organ Transplantation in The Architecture of Illegal Markets

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What Is Grey about the “Grey Market” in Antiquities? in The Architecture of Illegal Markets

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Governance in Online Stolen Data Markets in The Architecture of Illegal Markets

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State-Sponsored Protection Rackets in The Architecture of Illegal Markets

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Shoddy, Fake, or Harmful in The Architecture of Illegal Markets

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Making the Medical Marijuana Market in The Architecture of Illegal Markets

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Contested Illegality in The Architecture of Illegal Markets

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