Market

Matthew Watson is Professor of Political Economy in the Department of Politics and International Studies at the University of Warwick. His books include Foundations of International Political Economy (2005), The Political Economy of International Capital Mobility (2007) and Uneconomic Economics and the Crisis of the Model World (2014).

• 1. Introduction2. The market concept in triplicate3. Symmetrical moral relationships: Adam Smith's impartial spectator construct4. Demand and supply in partial equilibrium: the Marshallian cross diagram5. Vectors of market-clearing prices: the Walrasian auctioneer6. The political rhetoric of "the market"7. Conclusion

Watson has provided a history of the economic ideas that form the basis of modern economics, brilliantly explaining where many of the economic laws and concepts central to the idea of the market originated . . . there are very few texts on the market that are as good as this.