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Markets

Edited by Mitchel Y. Abolafia, Associate Professor, Rockefeller College of Public Affairs and Policy, University at Albany, SUNY, US
For this authoritative collection, Mitchel Abolafia has chosen the most significant previously published papers and articles in the field of economic sociology, which contribute to an understanding of the organisation of markets. Economists are becoming increasingly aware of the institutional nature of markets, but to date, it is economic sociologists who have carried out much of the analytical work on real world market institutions. To develop our understanding of markets, the time is ripe for a fruitful dialogue across the disciplinary boundaries. Although economic sociologists recognize markets as mechanisms of exchange, they seem to be more concerned with how markets work, rather than with how well they work. The papers selected for this book are the result of empirical studies of particular markets, including markets in options, futures, currency, initial public offerings of stock, biotechnology, women’s apparel, and auctions in a variety of commodities. They indicate an important research initiative to explore how markets really work.
Extent: 544 pp
Hardback Price: $287.00 Web: $258.30
Publication Date: 2005
ISBN: 978 1 84376 051 1
Availability: In Stock
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For this authoritative collection, Mitchel Abolafia has chosen the most significant previously published papers and articles in the field of economic sociology, which contribute to an understanding of the organisation of markets. Economists are becoming increasingly aware of the institutional nature of markets, but to date, it is economic sociologists who have carried out much of the analytical work on real world market institutions. To develop our understanding of markets, the time is ripe for a fruitful dialogue across the disciplinary boundaries. Although economic sociologists recognize markets as mechanisms of exchange, they seem to be more concerned with how markets work, rather than with how well they work. The papers selected for this book are the result of empirical studies of particular markets, including markets in options, futures, currency, initial public offerings of stock, biotechnology, women’s apparel, and auctions in a variety of commodities. They indicate an important research initiative to explore how markets really work.
18 articles, dating from 1963 to 2002
Contributors include: W. Baker, N.W. Biggart, M. Granovetter, N. Fligstein, V. Nee, W. Powell, B. Uzzi, H. White, V. Zelizer
Contents:
Acknowledgements
Introduction: Understanding Markets Mitchel Y. Abolafia
PART I THE STRUCTURE OF MARKET RELATIONS
1. Harrison C. White (1981), ‘Where Do Markets Come From?’
2. Joel M. Podolny (1993), ‘A Status-based Model of Market Competition’
3. Mark Granovetter (1985), ‘Economic Action and Social Structure: The Problem of Embeddedness’
4. Mark Granovetter (1988), ‘The Sociological and Economic Approaches to Labor Market Analysis: A Social Structural View’
5. Wayne E. Baker (1984), ‘The Social Structure of a National Securities Market’
6. Brian Uzzi (1996), ‘The Sources and Consequences of Embeddedness for the Economic Performance of Organizations: The Network Effect’
7. Walter W. Powell, Kenneth W. Koput and Laurel Smith-Doerr (1996), ‘Interorganizational Collaboration and the Locus of Innovation: Networks of Learning in Biotechnology’
8. Mitchel Y. Abolafia (1996), ‘Structured Anarchy: Formal and Informal Organization in the Futures Market’
9. Karin Knorr Cetina and Urs Bruegger (2002), ‘Global Microstructures: The Virtual Societies of Financial Markets’
PART II POLITICAL/CULTURAL APPROACHES
10. Neil Fligstein (1996), ‘Markets as Politics: A Political-Cultural Approach to Market Institutions’
11. John L. Campbell and Leon N. Lindberg (1990), ‘Property Rights and the Organization of Economic Activity by the State’
12. Mitchel Y. Abolafia and Martin Kilduff (1988), ‘Enacting Market Crisis: The Social Construction of a Speculative Bubble’
13. Stewart Macaulay (1963), ‘Non-Contractual Relations in Business: A Preliminary Study’
14. Viviana A. Zelizer (1978), ‘Human Values and the Market: The Case of Life Insurance and Death in 19th-Century America’
PART III MARKET EMERGENCE AND TRANSITION
15. Gary G. Hamilton and Nicole Woolsey Biggart (1988), ‘Market, Culture, and Authority: A Comparative Analysis of Management and Organization in the Far East’
16. Nicole Woolsey Biggart and Mauro F. Guillén (1999), ‘Developing Difference: Social Organization and the Rise of the Auto Industries of South Korea, Taiwan, Spain, and Argentina’
17. David Stark (1992), ‘Path Dependence and Privatization Strategies in East Central Europe’
18. Victor Nee (1989), ‘A Theory of Market Transition: From Redistribution to Markets in State Socialism’
Name Index