New Approaches to Market Process: Interdisciplinary Studies of the Market Order

The chapters in this volume explore and engage market process theory from an interdisciplinary perspective. Market process theory explains the sequence through which the knowledge and expectations of economic actors lead toward coordination and cooperation. Our purpose in this introductory chapter is twofold. First, we provide a general overview of market process theory with the goal of providing context to the subsequent chapters. Second, we provide an overview of each of the subsequent chapters. Each chapter contains original research that explores or applies various aspects of market process theory and, in doing so, demonstrates the continuing relevance of this framework and approach within a wide variety of disciplines.