"Conceptions of control refer to understandings that structure perceptions of how a market works and that allow actors to interpret their world and act to control situations. A conception of control is simultaneously a worldview that allows actors to interpret the actions of others and a reflection of how the market is structured. Conceptions of control reflect market-specific agreements between actors in firms on principles of internal organization (i.e., forms of hierarchy), tactics for competition or cooperation, and the hierarchy or status ordering of firms in a given market. The state must ratify, help to create, or at the very least, not oppose a conception of control."
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Original Language: English
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Sources
Neil Fligstein, "Markets as politics: A political-cultural approach to market institutions." American sociological review (1996). p. 658
https://en.wikiquote.org/wiki/Control
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Control
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