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Markets are social organizations, structured and regulated by more or less well-defined social rule systems.

— Tom R. Burns The shaping of social organization (1987)

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More quotes by Tom R. Burns

There are two basic ways market organization is brought about... Some combination of the two is usual the case

The shaping of social organization (1987)

In the most abstract sense, a system is a set of objects together with relationships among the objects. Such a definition implies that a system has properties, functions, and dynamics distinct from its constituent objects and relationships.

Systems theories (2006)

In sum, social actors knowledgeably and actively use, interpret and implement rule systems. They also creatively reform and transform them. In such ways they bring about institutional innovation and transformation and shape the ‘deep structures’ of human history.

The shaping of social organization (1987)

Social actors knowledgeably and actively use, interpret and implement rule systems. They also creatively reform and transform them. In such ways they bring about institutional innovation and transformation and shape the ‘deep structures’ of society.

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Quote text and notes from Wikiquote: Tom R. Burns (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.