It's a classic argument in economics: If you can find a way to make a market, then that market will thrive.In economics, there's the so-called thomas law: If your prices are high, your prices will go up.If they're low, they will go down.If you're able to get prices to converge, you can create a market.This has been a cornerstone of the free market system since Adam Smith in the 17th century.But wh...
Sociologists are often called on to define new norms.
But sometimes, the goal is more important than what’s being defined.
Sociologists can help explain the world around us.
A recent study of how people react to memes by University of Michigan sociologist Jennifer O’Malley-Foster found that they’re often the most valuable tool for understanding people.
O’Mara-Fosters work is funded by the National Science Foundation.