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Mark Harvey

overflowing’ into networks too fluid for economic calculation.9 Only in ‘cold’ situations, when markets are discrete, framed, and immune from excessive externalities, are Coasian or other economically rational calculations possible. Thus, the idea of embeddedness here invoked suggests the continuous and overwhelmingly invasive presence of incalculable externalities in market interactions. In tracing this lineage of the concept of embeddedness, its latent potential for sociologising the economy out of existence, and of dissolving institutions of price, capital, competition

in Market relations and the competitive process