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April 12, 2011

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Phil

I wonder how many of us ever actually see or use a market.

There's always been a market in the centre of Manchester (to say nothing of markets nearby in Stockport, Rochdale etc) - and recently there's been a big revival of interest, and investment, in the idea. Market-led regeneration, you could call it.

But the basic point is right - the "free market" market, of buyers matching up with sellers, is more like this, which is very much a specialist activity.

Dick Pountain

Job seeking is a real market at very the highest levels where in-demand executives dicker over share options and pension packages - for the majority of people they are overwhelmingly buyer's markets, as in "can I find any job?".

Bruce Davis

You might also argue that brands were a response to the growth of copycat products (and ironically then copycat brands) which made it difficult for buyers to trust that what they were buying was the "real thing" (sic). The real market for 'real' things wasn't always what it seemed.

It would also be interesting to think about Groupon as an experience of markets, where buyers are given the real or imagined impression of having the power in the buyer/seller relationship by asserting their collective 'demand' to reduce the price. Although there is no guarantee you really needed the thing that everyone else wants.

jon peterson

Home heating oil operates like a market. Prices vary daily and are closely linked to prices on the general commodities market. Haggling is normal except with the largest suppliers. I've even been offered futures by small suppliers.

My local auction house is also a market, and of course in most town and city street markets you can haggle with some effectiveness.

finally, businesses operate markets amongst themselves with pitches. offers. bids and plenty of bartering. Anyone working for a small business or in the sales or purchasing divisions of a larger one will be familiar with these markets.

All farmers and fishermen are well exposed to real markets.

So, while your average gen x or call centre wage slave might not see real markets much, they are all still out there .

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