Tag Archives: markets

What is Economic Sociology?

What is Economic Sociology? What is embeddedness? How are markets made and where do markets come from? How do politics, networks and culture matter? What are the institutions of political economy? and How does capitalism differ among countries? Well, our community is built to tackle these fundamental and … Continue reading

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Religion, “free trade” and faithful globalization: producing a sacred vision of the economy

Religious leaders and groups can play a crucial role in economic and political life through their discourse; such discourse is a central way that they produce the sacred in the economic realm. This is true across a range of religious … Continue reading

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How slavery shaped the market economy and abolitionism gave rise to ideals of human rights?

For over three centuries enslavement promoted the rise of capitalism in the Atlantic world, but study of slavery as a pivotal force in western ascendancy and dominance is still mostly neglected. In The American Crucible: Slavery, Emancipation and Human Rights, … Continue reading

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How did the East India Company become the most powerful business‬ in history?

Exploring trade network dynamics, decision-making processes and organizational context, in an extraordinary Between Monopoly and Free Trade: The English East India Company, 1600–1757 Emily Erikson (Yale University) demonstrates why the English East India Company was a dominant force in the … Continue reading

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“Classification Situations: Life-chances in the Neoliberal Era” proposes to revisit class analysis through the prism of techno-social changes represented by the advent of market devices

A very interesting research “Classification Situations: Life-chances in the Neoliberal Era” by Marion Fourcade & Kieran Healy examines the stratifying effects of economic classifications. They argue that in the neoliberal era market institutions increasingly use actuarial techniques to split and … Continue reading

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Does Capitalism Have a Future? Wallerstein, Collins, Calhoun and Mann discuss whether the capitalist system can survive

The Great Recession has prompted a reassessment of the specific mode of capitalist accumulation that achieved dominance in the era of globalization. Yet just about all of this literature has focused on one of two issues: why things went wrong, … Continue reading

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The Power of ‎Market‬ ‪‎Fundamentalism‬: Karl ‪Polanyi‬’s Critique — a must-read for every economic ‪sociologist‬ and political economist

As the eminent social scientist Karl Polanyi has stultified and debunked the erroneous ideas of economic determinism and market fundamentalism, Fred Block and Margaret Somers greatly contributed to the intellectual endeavor to manifest the ontological embeddedness of State-Economy-Society in their important … Continue reading

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Art and Money. Artists no longer simply create art, they make markets

Conventional boundaries within the art world have collapsed, and artists now think  strategically about how to advance their careers. In Art of the Deal: Contemporary Art in a Global Financial Market Noah Horowitz thoroughly exposes the inner workings of the … Continue reading

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Market Rationality (under complete information, of course…)

🙂

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How does “naming and shaming” by Social Movements influence corporations? The effects of anti-sweatshop campaigns during the the 1990s on U.S. firms.

Recent work suggests that movements can inflict material damage on their targets and shape categories of evaluation in organizational fields. Extending these ideas,  in “Movements, Markets and Fields: The Effects of Anti-Sweatshop Campaigns on US Firms, 1993-2000” (free access) Tim … Continue reading

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The Worth of Goods: Valuation and Pricing in the Economy

This valuable volume The Worth of Goods: Valuation and Pricing in the Economy, edited by Jens Beckert and Patrik Aspers revisits established theories of value and takes a sociological approach to the perennial but timely question of what makes a product valuable. Leading … Continue reading

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Economy in Changing Society: Consumptions, Markets, Organizations

Economy is embedded in ongoing concrete social networks, and economic processes are increasingly international in character. Taking into account these interrelated processes, a new edited volume Economy in Changing Society: Consumptions, Markets, Organizations and Social Policies presents various cases concerning … Continue reading

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Sociology of Markets and Economic Sociology

What is a market? Do we really participate in market activity on a daily basis?  What does economic sociology contribute to a deeper understanding of markets, in comparison to economics? In this informative book Patrik Aspers presents a comprehensive sociological view of … Continue reading

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Financial Centres and International Capital Flows in the 19th and 20th Centuries

As interest in financial markets intensifies, stimulated by the financial crisis of the early 21st century, Financial Centres and International Capital Flows in the Nineteenth and Twentieth Centuries, a new volume edited by Laure Quennouëlle-Corre and Youssef Cassis, brings together leading authorities in … Continue reading

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A Primer in the Social Studies of Finance and Performativity: Theories and Methods

At the recent 2011 Academy of Management conference, Daniel Beunza presented an informative and focused “Primer in the Social Studies of Finance and Performativity: Theories and Methods“. This presentation was concerned with clarifying the specific substance of the social studies … Continue reading

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