Based on fourteen empirical case studies, this far-reaching book explains why and how markets are organized, through examining the role of values and value work in markets. Economic values shape markets, as do sustainability, safety, decency, public health and democracy. Based on micro-process studies in a large number of markets, this innovative volume presents a typology of strategic responses to value plurality in markets and helps explain how such value work influences market reform. Value plurality may be reinforced and turned into open conflicts, but may also be played down in configurations that neutralize, align, balance, or hierarchize values. A multi-disciplinary work, this book will be of interest to scholars and practitioners interested in markets, particularly in the creating, organizing and development of markets, including the consequences of such undertakings. It will also be an invaluable resource to politicians and their advisors who often initiate market reforms or have to deal with the consequences of previous reforms.
Contents: 1. Value Work in Markets - Configuring Values, Organizing Markets Susanna Alexius and Kristina Tamm Hallstrom 2. Accounting for Values in Prison Privatization Andrea Mennicken 3. Customer Satisfaction Over Patient Security? - Value Hierarchization in Pharmaceutical Retail Jenny Cisneros-Ornberg 4. Trust in Transparency - Value Dynamics and the Reorganization of the Baltic Financial Markets Sebastian Botzem and Matilda Dahl 5. Value-neutralizing in Verification Markets - Organizing for Independence through Meta-testing in Markets of Motor Vehicle Inspection and Management System Certification Ingrid Gustafsson and Kristina Tamm Hallstrom 6. Harmony or Hidden Conflicts? - Proactive Self-regulation in the Personal Insurance Market Martin Gustavsson 7. 'The Word' and 'the Money' - Balancing Values in the Online Newspaper Market Karolina Windell 8. Polarization and Convergence of Values at the Intermediary Position Anette Nyqvist and Renita Thedvall 9. Values Aligned - The Organization of Conflicting Values within the World Economic Forum Christina Garsten and Adrienne Sorbom 10. Contestation in Transition - Value Configurations and Market Reform in the Markets for Gambling, Coal and Alcohol Susanna Alexius, Daniel Castillo and Martin Rosenstrom
