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Moving beyond a critique of mainstream economics, C T Kurien presents an alternative conceptualization of the economy in a framework of units-and-link analysis based on groups rather than individuals. The book identifies substantive essentials of the economy that differentiate it from other forms of social relationships. Through an interweaving of empirical description and logic, the book interprets economic institutions, particularly markets, as social phenomena so as to provide a basis for studying real-life economic problems.