Monday 24 February, 15:15 - 18:00
Lecture for the title of Associate professor (Bitr. professor): "The economic sociology of illicit drug markets"
Health and Society building, Jan Waldenströms gata 25, room U306
Inaugural lecture for the title of Associate Professor (Bitr. Professor)
The economic sociology of illicit drug markets
lllicit drug distribution has been analyzed since at least the late 1960s but only little research has examined the “market” aspects, the exchange of drugs for money under competition. While economists have formally modelled drug markets as an abstract whole, criminologists have mainly researched individual street-level marketplaces. There is currently no criminological theory of illicit drug markets.
This lecture examines drug markets through the perspectives of institutional- and network-oriented economic sociology. Some of the key questions concern how credits are possible without the market devolving into violence, and why is there so much variation in prices across countries and distribution layers. Economic sociology extends insights from behavioral economics with more emphasis on trust, social relations, embeddedness. This perspective can connect macro and micro levels of analysis and integrate the economic and criminological research in a coherent framework.