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Auctions: The Social Construction of Value

Auctions: The Social Construction of Value (Paperback)

£26.95
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Synopsis

Long the preferred method of exchange for antiques and horseflesh, auctions are used today to sell everything from bestselling books to real estate, government bonds to abandoned automobiles. As sociologist Charles Smith reveals, the mechanical law of supply and demand rarely governs the auction process. Rather value is determined by a complex social process combining both the beliefs and actions of the auction participants and the assumptions and practices on the auction floor. Based on years of participation in and observation of different types of auctions and interviews with hundreds of auctioneers, Smith gives us not only a theoretical understanding of the auction process but the sights and sounds as well.

BusinessEconomicsEconomic theory & philosophyPhilosophy, Psychology & Social Sciences Publisher: University of California Press Publication Date: 09/08/1990 ISBN-13: 9780520072015  Details: Type: Paperback Format: Books
Availability: To Order. Estimated despatch in 1-3 weeks.  

Charles W. Smith is Professor of Sociology at Queens College and the Graduate Faculty, City University of New York, and author of The Mind of the Market.

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