The Embedded Market · Chapter Thirteen

Holding the Market Well

Ammanuel Santa Anna · ORCID 0009-0008-3244-0306

Chapter Thirteen of The Embedded Market: Exit, Voice and the Art of Holding a Market Well.

Abstract

In 1982 Albert Hirschman, twelve years after Exit, Voice, and Loyalty , published an essay that set three old opinions about the market side by side. The first, which he traced to the eighteenth century, held that commerce civilises: people who trade with each other learn to be polite, reliable and peaceable, because their interests depend on it. The second, which ran through Marx and many conservatives alike, held that the market destroys: it dissolves the traditions, loyalties and moral restraints on which it depends, and so eats away at its own foundations. The third held that the market is feeble: that in many places it had never fully freed itself from older structures of power, and that its problems came from too little market rather than too much.

Read the PDFRead the whole bookdoi:10.5281/zenodo.23989499

Cite this chapter

Santa Anna, A. (2026). Holding the Market Well. In The Embedded Market. Luminous Prosperity Inc. https://doi.org/10.5281/zenodo.23989499

@incollection{santaanna2026the13,
  author    = {Santa Anna, Ammanuel},
  title     = {Holding the Market Well},
  booktitle = {The Embedded Market},
  chapter   = {13},
  publisher = {Luminous Prosperity Inc.},
  year      = {2026},
  doi       = {10.5281/zenodo.23989499},
  url       = {https://business.hautelumiere.life/library/the-embedded-market/13-holding-the-market-well/}
}

References

  1. Hirschman, A. O. (2013). Rival views of market society. In J. Adelman (Ed.), The Essential Hirschman (pp. 214–247). Princeton University Press. https://doi.org/10.23943/princeton/9780691159904.003.0010
  2. Fourcade, M., & Healy, K. (2007). Moral views of market society. Annual Review of Sociology, 33, 285–311. https://doi.org/10.1146/annurev.soc.33.040406.131642

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  2. Chapter TwoThe Market Was Always Inside Somethingdoi:10.5281/zenodo.23989476
  3. Chapter ThreeWhere Embeddedness Goes Wrongdoi:10.5281/zenodo.23989478
  4. Chapter FourThe Membrane That Listensdoi:10.5281/zenodo.23989479
  5. Chapter FiveTwo Carmakers and Their Suppliersdoi:10.5281/zenodo.23989487
  6. Chapter SixThe Cord at Fremontdoi:10.5281/zenodo.23989488
  7. Chapter SevenThe Fire at Kariyadoi:10.5281/zenodo.23989489
  8. Chapter EightThe Complaints Nobody Readdoi:10.5281/zenodo.23989490
  9. Chapter NineThirteen Weeks: A Field Manualdoi:10.5281/zenodo.23989495
  10. Chapter TenCounting What Speaksdoi:10.5281/zenodo.23989496
  11. Chapter ElevenThe Hard Conversationsdoi:10.5281/zenodo.23989497
  12. Chapter TwelveThe Kitchen Tabledoi:10.5281/zenodo.23989498
  13. Chapter ThirteenHolding the Market Welldoi:10.5281/zenodo.23989499
  14. Chapter FourteenThe Listening Edgedoi:10.5281/zenodo.23989500
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The licence

Free to read, share, quote, translate and teach, non-commercially, for ever, under the Luminous Library Licence 1.0. Every other right is the Author’s. Deposited on Zenodo in the Luminous Prosperity community.