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The Architecture of Illegal Markets – Towards an Economic Sociology of Illegality in the Economy - Oxford Scholarship Online
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The Architecture of Illegal Markets: Towards an Economic Sociology of Illegality in the Economy

Jens Beckert and Matías Dewey


From illegal drugs, stolen artwork, and forged trademarks, to fraud on financial markets—the phenomenon of illegality in market exchanges is pervasive. Illegal markets have great economic significance, have relevant social and political consequences, and shape economic and political structures. Despite the importance of illegality in the economy, the field of economic sociology unquestioningly accepts the premise that the institutional structures and exchanges taking place in markets are law-abiding in nature. This volume seeks to challenge this. Questions that stand at the center of the chapt ... More

Keywords: illegal markets, economic sociology, legalization, illegalization, capitalism, organized crime, interfaces, legality, legitimacy, enforcement

Bibliographic Information

Print publication date: 2017 Print ISBN-13: 9780198794974
Published to Oxford Scholarship Online: August 2017 DOI:10.1093/oso/9780198794974.001.0001


Affiliations are at time of print publication.

Jens Beckert, editor
Professor of Sociology and Director, Max Planck Institute for the Study of Societies

Matías Dewey, editor
Senior Researcher, Max Planck Institute for the Study of Societies

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1 Introduction

Jens Beckert and Matías Dewey

Part I Conceptualizing Illegal Markets

2 Illegal Markets

Renate Mayntz

Part II Secrecy and Illegal Markets

5 Governance in Online Stolen Data Markets

Meltem Odaba¸, Thomas J. Holt, and Ronald L. Breiger

Part III The State in Informal Market Places

8 Shoddy, Fake, or Harmful

Kirsten W. Endres

Part IV Shifting Definitions of Illegality

10 Contested Illegality

Annette Hübschle

12 A Crooked Mirror

Vadim Radaev

Part V Illegal Practices in Legal Markets

14 Illegal Prices

Boris Samuel

15 The Price Is Not Right

Robert Tillman

End Matter