Harrison C. White Book order (chronological)

In this influential work, a prominent sociologist presents a groundbreaking theory of the market economy, challenging the overly abstract models commonly used by economists. The author advocates for a more empirically grounded approach, offering a clearer understanding of market dynamics. He posits that producers seek to maximize profit and minimize competition by identifying market niches. Their production decisions are influenced not only by anticipated costs and demand but also by the actions of competitors. Producers often gauge demand based on competitors' successes, striving to carve out unique niches that differentiate their offerings. Building on these insights, the author develops new mathematical models that illustrate the economy's functioning and the interplay between its sectors, which provide mutual protection against business uncertainties. These models offer innovative ways to analyze profits, prices, market shares, and other critical economic factors. For instance, he argues that prices emerge from the convergence of local variables rather than being dictated by the average supply and demand, highlighting the deficiencies of the traditional model of "pure" competition. Drawing on extensive case studies of American businesses and recent advancements in mathematics and sociology, this work stands as a rigorous and original contribution to economics and economic sociology, poised to influence the field for year