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Market Cycles: Bicycles, Riders, Industries, and Environments in F rance and the U nited S tates, 1865–1914
Author(s) -
Burr Thomas
Publication year - 2013
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/ajes.12014
Subject(s) - conceptualization , consumption (sociology) , product (mathematics) , business , advertising , supply and demand , marketing , microeconomics , economics , computer science , sociology , mathematics , social science , geometry , artificial intelligence
Issues of supply and demand are basic to markets, but economic sociologists ignore consumers, while sociologists of consumption rarely treat consumption as demand. I conceptualize markets as cyclic interactions of producers and consumers around a product, each group embedded in different types of macrosocial patterns, with different purposes and structures. I apply this conceptualization to the French and U . S . bicycle markets from 1865 to 1914. The model helps explain differing market trajectories in these cases.