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| Author: | Borch, C. |
| Title: | Crowds and economic life: bringing an old figure back in |
| Journal: | Economy and Society
2007 : NOV, VOL. 36:4 p. 549-573 |
| Index terms: | economics sociology speculation financial markets |
| Freeterms: | financial speculation embeddedness crowds |
| Language: | eng |
| Abstract: | The aim of this paper is to revive the concept of crowds and review its value for economic sociology. Both semantically and theoretically methods were used to examine the relationship between crowds and economic life. The article shows how speculation and financial markets have traditionally been explained in crowd terminology. The review highlights the idea of semiconscious suggestion and crowd syndrome that is mainly identified in fluctuating markets to improve the understanding of everyday economic processes. |
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