Jan

6

Markets from networks

January 6, 2026 |

Markets from Networks: Socioeconomic Models of Production, by Harrison C. White, is one of the most realistic and profound understandings of the the entire industrial structure. highly recommended.

White argues that the key to economic action is that producers seek market niches to maximize profit and minimize competition. As they do so, they base production decisions not only on anticipated costs from suppliers and anticipated demand from buyers, but also by looking at their competitors. In fact, White asserts, producers act less in response to actual demand than by anticipating it: they gauge where competitors have found demand and thus determine what they can do that is similar and yet different enough to give themselves a special niche.

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