On Market Phenomena

All societal transitions are inherently embedded in a determinate market system, and typically find market-form manifestations of multiple dimensions. Market phenomena both reflect and influence our underlying values, beliefs, and ethical frameworks, particularly during periods of transition. These changes then reshape our understanding of progress, well-being, and the good life.

A crucial distinction between the study of market phenomena as active agents in a given transition; and the study of markets as abstract entities of structure is human agency. Examining the behaviours, trends, and cultural meanings that emerge from economic activity is necessary for designing market systems that reflect the diversity of human experience, serving the needs and aspirations of real people, not just economic models. These insights can also help us anticipate emerging trends, identify potential risks and opportunities, and ultimately inform the development of more ecologically-sound market systems, from entrepreneurial and executive decision-making, through organisational strategy, to policy.