The Sociology of the Economy

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Author: Frank Dobbin

Publisher: Russell Sage Foundation

ISBN: 1610448421

Category: Social Science

Page: 456

View: 6788

The new economic sociology is based on the theory that patterns of economic behavior are shaped by social factors. The Sociology of the Economy brings together a dozen path-breaking empirical studies that explore how social forces—such as shifts in political power, the influence of social networks, or the spread of new economic ideas—shape real-world economic behavior. The contributors—all leading economic sociologists—show these social forces at work in a diverse range of international settings and historical circumstances. Examining why so many American banks followed industry leaders into foreign markets in the 1970s, only to pull back within a few years, Mark Mizruchi and Gerald Davis suggest that social emulation rather than rational calculation led banks to expand globally before there was any evidence that foreign offices paid off. William Schneper and Mauro Guillé show that despite the international diffusion of the hostile takeover during the last twenty years, the practice became widespread only in countries with political institutions conducive to buying and selling entire companies. Thus during the 1990s, the United States and United Kingdom. saw hundreds of hostile takeover bids, while Germany had only a handful, and Japan just one. Deborah Davis explores resistance to the globalization of Western ideas about real-estate ownership—particularly in China where the government has had little success in instituting a market system in place of traditional, family-based real-estate inheritance. And Richard Scott examines the controversial rise of managed care in the American healthcare system, as the quest for market efficiency collided with the ideal of equity in access to health care. Together, these studies provide compelling evidence that economic behavior is not ruled by immutable laws, and is but one realm of social behavior, with its own conventions, roles, and social structures. The Sociology of the Economy demonstrates the vitality of empirical research in the field of economic sociology and the power of sociological models in explaining how markets operate.

Markets On Trial

The Economic Sociology of the U.S. Financial Crisis

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Author: Michael Lounsbury,Paul M. Hirsch

Publisher: Emerald Group Publishing

ISBN: 0857242083

Category: Social Science

Page: 404

View: 6170

Since the mid-20th century, organizational theorists have increasingly distanced themselves from the study of core societal power centers and important policy issues of the day. This title addresses the global financial crisis debates and struggles around how to organize economies and societies around the world.

The Social Structures of the Economy

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Author: Pierre Bourdieu

Publisher: John Wiley & Sons

ISBN: 0745681654

Category: Social Science

Page: 180

View: 4986

Much orthodox economic theory is based on assumptions which are treated as self-evident: supply and demand are regarded as independent entities, the individual is assumed to be a rational agent who knows his interests and how to make decisions corresponding to them, and so on. But one has only to examine an economic transaction closely, as Pierre Bourdieu does here for the buying and selling of houses, to see that these abstract assumptions cannot explain what happens in reality. As Bourdieu shows, the market is constructed by the state, which can decide, for example, whether to promote private housing or collective provision. And the individuals involved in the transaction are immersed in symbolic constructions which constitute, in a strong sense, the value of houses, neighbourhoods and towns. The abstract and illusory nature of the assumptions of orthodox economic theory has been criticised by some economists, but Bourdieu argues that we must go further. Supply, demand, the market and even the buyer and seller are products of a process of social construction, and so-called 'economic' processes can be adequately described only by calling on sociological methods. Instead of seeing the two disciplines in antagonistic terms, it is time to recognize that sociology and economics are in fact part of a single discipline, the object of which is the analysis of social facts, of which economic transactions are in the end merely one aspect. This brilliant study by the most original sociologist of post-war France will be essential reading for students and scholars of sociology, economics, anthropology and related disciplines.

The Economics and Sociology of Capitalism

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Author: Joseph Alois Schumpeter

Publisher: Princeton University Press

ISBN: 9780691003832

Category: Business & Economics

Page: 492

View: 5616

The renowned economist Joseph A. Schumpeter (1883-1950) made seminal contributions not only to economic theory but also to sociology and economic history. His work is now attracting wide attention among sociologists, as well as experiencing a remarkable revival among economists. This anthology, which serves as an excellent introduction to Schumpeter, emphasizes his broad socio-economic vision and his attempt to analyze economic reality from several different perspectives. An ambitious introductory essay by Richard Swedberg uses many new sources to enhance our understanding of Schumpeter's life and work and to help analyze his fascinating character. This essay stresses Schumpeter's ability to draw on several social sciences in his study of capitalism. Some of the articles in the anthology are published for the first time. The most important of these are Schumpeter's Lowell Lectures from 1941, "An Economic Interpretation of Our Time." Also included is the transcript of his lecture "Can Capitalism Survive?" (1936) and the high-spirited debate that followed. The anthology contains many of Schumpeter's classical sociological articles, such as his essays on the tax state, imperialism, and social classes. And, finally, there are lesser known articles on the future of private enterprise, on the concept of rationality in the social sciences, and on the work of Max Weber, with whom Schumpeter collaborated on several occasions.

Beyond the Sociology of Development

Economy and Society in Latin America and Africa

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Author: Ivar Oxaal,Tony Barnett,David Booth

Publisher: Routledge

ISBN: 1136856935

Category: Business & Economics

Page: 320

View: 6967

Conceived as a response to the economic naïvety and implicit metropolitan bias of many 1950s and 60s studies of ‘the sociology of development’ , this volume, first published in 1975, provides actual field studies and theoretical reviews to indicate the directions which a conceptually more adequate study of developing societies should take. Much of the book reflects strongly the influence of Andre Gunder Frank, but the contributors adopt a critical attitude to his ideas, applying them in empirical situations within such African and American countries as Kenya, Guyana, Tanzania and Peru. Others pursue the lines of enquiry opened up by Latin American theories of economic ‘dependency’ and by the new school of French economic anthropology.

Max Weber and the Idea of Economic Sociology

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Author: Richard Swedberg

Publisher: Princeton University Press

ISBN: 0691187665

Category: Social Science

Page: N.A

View: 6207

While most people are familiar with The Protestant Ethic and the Spirit of Capitalism, few know that during the last decade of his life Max Weber (1864-1920) also tried to develop a new way of analyzing economic phenomena, which he termed "economic sociology." Indeed, this effort occupies the central place in Weber's thought during the years just before his death. Richard Swedberg here offers a critical presentation and the first major study of this fascinating part of Weber's work. This book shows how Weber laid a solid theoretical foundation for economic sociology and developed a series of new and highly evocative concepts. He not only investigated economic phenomena but also linked them clearly with political, legal, and religious phenomena. Swedberg also demonstrates that Weber's approach to economic sociology addresses a major problem that has haunted economic analysis since the nineteenth century: how to effectively unite an interest-driven type of analysis (popular with economists) with a social one (of course preferred by sociologists). Exploring Weber's views of the economy and how he viewed its relationship to politics, law, and religion, Swedberg furthermore discusses similarities and differences between Weber's economic sociology and present-day thinking on the same topic. In addition, the author shows how economic sociology has recently gained greater credibility as economists and sociologists have begun to collaborate in studying problems of organizations, political structures, social problems, and economic culture more generally. Swedberg's book will be sure to further this new cooperation.

The Economic Sociology of Immigration

Essays on Networks, Ethnicity, and Entrepreneurship

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Author: Alejandro Portes

Publisher: Russell Sage Foundation

ISBN: 1610444523

Category: Social Science

Page: 328

View: 9710

"Portes suggests that immigration constitutes an especially appropriate Mertonian 'strategic research site' for economic sociology in that it provides very good opportunities for investigating the embeddedness of economic relationships in social situations....the contributors expand the conventional domain of economic sociology quite literally in both time and space."—Contemporary Sociology "Alejandro Portes and his splendid band of collaborators make clear that the causes, processes, and consequences of migration vary dramatically from group to group, that a group's history makes a profound difference to its fate in the American economy. They have produced a sinewy book, a book worth arguing with."—Charles Tilly, Columbia University The Economic Sociology of Immigration forges a dynamic link between the theoretical innovations of economic sociology with the latest empirical findings from immigration research, an area of critical concern as the problems of ethnic poverty and inequality become increasingly profound. Alejandro Portes' lucid overview of sociological approaches to economic phenomena provides the framework for six thoughtful, wide-ranging investigations into ethnic and immigrant labor networks and social resources, entrepreneurship, and cultural assimilation. Mark Granovetter illustrates how small businesses built on the bonds of ethnicity and kinship can, under certain conditions, flourish remarkably well. Bryan R. Roberts demonstrates how immigrant groups' expectations of the duration of their stay influence their propensity toward entrepreneurship. Ivan Light and Carolyn Rosenstein chart how specific metropolitan environments have stimulated or impeded entrepreneurial ventures in five ethnic populations. Saskia Sassen provides a revealing analysis of the unexpectedly flexible and vital labor market networks maintained between immigrants and their native countries, while M. Patricia Fernandez Kelly looks specifically at the black inner city to examine how insular cultural values hinder the acquisition of skills and jobs outside the neighborhood. Alejandro Portes also depicts the difference between the attitudes of American-born youths and those of recent immigrants and its effect on the economic success of immigrant children.

The Sociology of Economic Life

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Author: Mark Granovetter

Publisher: Routledge

ISBN: 0429973969

Category: Social Science

Page: 594

View: 1587

In recent years, sociologists have taken up a fruitful examination of institutions such as capital, labor, and product markets; industrial organization; and stock exchanges. Compared to earlier traditions of economic sociology, recent work shows more interest in phenomena usually studied exclusively by economists while it challenges the adequacy of the neoclassical model. In The Sociology of Economic Life, editors Mark Granovetter and Richard Swedberg incorporate classic and contemporary readings in economic sociology and related disciplines to provide students with a broad understanding of the many dimensions of economic life. A thorough and accessible introduction by the editors traces the history of thought in the field and assesses recent advances and future trends. The third edition is substantially revised and updated with eight new chapters, including original contributions from some of the field's leading scholars that explain cutting-edge research and present the essential scholarship in the field.

The Economics and Sociology of Management Consulting

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Author: Thomas Armbrüster

Publisher: Cambridge University Press

ISBN: 1139460226

Category: Business & Economics

Page: N.A

View: 6192

Management consultancy is a key sector in the economic change toward a service and knowledge economy. Originally published in 2006, this book explains the mechanisms of the management consulting market and the management of consulting firms from both economic and sociological perspectives. It also examines the strategies, marketing approaches, knowledge management and human resource management techniques of consulting firms. After outlining the relationships between transaction cost economics, signaling theory, embeddedness theory and sociological neoinstitutionalism, Thomas Armbrüster applies these theories to central questions such as: Why does the consulting sector exist and grow? Which institutions connect supply and demand? And which factors influence the relationship between clients and consultants? By applying both economic and sociological approaches, the book explains the general economic changes of the previous thirty years and sharpens the relationship between the academic disciplines.

The Sociology of Islam

Secularism, Economy and Politics

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Author: Tugrul Keskin

Publisher: UWA Publishing

ISBN: 9780863724251

Category: History

Page: 528

View: 9703

The contributions of Islam to world civilization are undeniable. However, in the last 100 years, Muslims have been confronted with the effects and ramifications of modernity, caused by the emergence of global capitalism. What does modernity ultimately mean for Muslims? How will the historical precepts of Islam meet the changes in our globalized world? To date, most scholars on Islam have tried to understand Muslim societies from historical observation alone. This simplistic academic approach does not allow us to understand the entire transformation that has taken place in Muslim societies. Sociological scholarship, on the other hand, argues that it would be difficult to understand Islam without first understanding the theoretical and practical underpinnings of the social structure of Muslim societies, which are embedded in the relationship between religion, the economy, politics, and society. This book - now available in paperback - makes a connection between the economic system and its social and political consequences in Muslim societies. It examines the role of Islam within Muslim societies in the context of ongoing and increasingly powerful, neoliberal, economic processes in a globalized world, and the way in which Islam influences the West because of the interdependent relations brought about by the global economy. These interdependencies create social and political transformation on both sides.

The Sociology of Economic Life

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Author: Mark Granovetter

Publisher: Routledge

ISBN: 0429973969

Category: Social Science

Page: 594

View: 3416

In recent years, sociologists have taken up a fruitful examination of institutions such as capital, labor, and product markets; industrial organization; and stock exchanges. Compared to earlier traditions of economic sociology, recent work shows more interest in phenomena usually studied exclusively by economists while it challenges the adequacy of the neoclassical model. In The Sociology of Economic Life, editors Mark Granovetter and Richard Swedberg incorporate classic and contemporary readings in economic sociology and related disciplines to provide students with a broad understanding of the many dimensions of economic life. A thorough and accessible introduction by the editors traces the history of thought in the field and assesses recent advances and future trends. The third edition is substantially revised and updated with eight new chapters, including original contributions from some of the field's leading scholars that explain cutting-edge research and present the essential scholarship in the field.

The Handbook of Economic Sociology

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Author: Neil J. Smelser,Richard Swedberg

Publisher: Princeton University Press

ISBN: 1400835585

Category: Social Science

Page: 752

View: 4098

The Handbook of Economic Sociology, Second Edition is the most comprehensive and up-to-date treatment of economic sociology available. The first edition, copublished in 1994 by Princeton University Press and the Russell Sage Foundation as a synthesis of the burgeoning field of economic sociology, soon established itself as the definitive presentation of the field, and has been widely read, reviewed, and adopted. Since then, the field of economic sociology has continued to grow by leaps and bounds and to move into new theoretical and empirical territory. The second edition, while being as all-embracing in its coverage as the first edition, represents a wholesale revamping. Neil Smelser and Richard Swedberg have kept the main overall framework intact, but nearly two-thirds of the chapters are new or have new authors. As in the first edition, they bring together leading sociologists as well as representatives of other social sciences. But the thirty chapters of this volume incorporate many substantial thematic changes and new lines of research--for example, more focus on international and global concerns, chapters on institutional analysis, the transition from socialist economies, organization and networks, and the economic sociology of the ancient world. The Handbook of Economic Sociology, Second Edition is the definitive resource on what continues to be one of the leading edges of sociology and one of its most important interdisciplinary adventures. It is a must read for all faculty, graduate students, and undergraduates doing work in the field. A thoroughly revised and updated version of the most comprehensive treatment of economic sociology available Almost two-thirds of the chapters are new or have new authors Authors include leading sociologists as well as representatives of other social sciences Substantial thematic changes and new lines of research, including more focus on international and global concerns, institutional analysis, the transition from socialist economies, and organization and networks The definitive resource on what continues to be one of the leading edges of sociology and one of its most important interdisciplinary adventures A must read for faculty, graduate students, and undergraduates doing work in the field

Durkheim and the Birth of Economic Sociology

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Author: Philippe Steiner

Publisher: N.A

ISBN: N.A

Category: Business & Economics

Page: 249

View: 3850

Steiner argues that there two stages in Durkheim's approach to the economy-a sociological critique of political economy and a sociology of economic knowledge. In his early works, Durkheim critiques economists and their categories, and tries to analyze the division of labor from a social rather than economic perspective. From the mid-1890's onward, Durkheim's preoccupations shifted to questions of religion and the sociology of knowledge. --

Economic Sociology

A Systematic Inquiry

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Author: Alejandro Portes

Publisher: Princeton University Press

ISBN: 1400835178

Category: Business & Economics

Page: 320

View: 4575

The sociological study of economic activity has witnessed a significant resurgence. Recent texts have chronicled economic sociology's nineteenth-century origins while pointing to the importance of context and power in economic life, yet the field lacks a clear understanding of the role that concepts at different levels of abstraction play in its organization. Economic Sociology fills this critical gap by surveying the current state of the field while advancing a framework for further theoretical development. Alejandro Portes examines economic sociology's principal assumptions, key explanatory concepts, and selected research sites. He argues that economic activity is embedded in social and cultural relations, but also that power and the unintended consequences of rational purposive action must be factored in when seeking to explain or predict economic behavior. Drawing upon a wealth of examples, Portes identifies three strategic sites of research--the informal economy, ethnic enclaves, and transnational communities--and he eschews grand narratives in favor of mid-range theories that help us understand specific kinds of social action. The book shows how the meta-assumptions of economic sociology can be transformed, under certain conditions, into testable propositions, and puts forward a theoretical agenda aimed at moving the field out of its present impasse.

The New Sociology of Economic Behaviour

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Author: Ralph Fevre

Publisher: SAGE

ISBN: 1412931991

Category: Political Science

Page: 277

View: 2112

What are the solid achievements of the sociology of economic behaviour? What have been the main failures and omissions? How will the subject develop? In this assured and timely volume, the author demonstrates how the sociology of economic behaviour was hijacked by the economic sociology which grew out of Parsons' interpretation of Weber. This development meant that the moral considerations of classical sociology only received attention as means to economic ends. Economic sociology is based on insupportable assumptions about the power of economic rationality which also obscures the political nature of economic behaviour. The book seeks to revitalize the classical approach and introduces students to the essential ideas in the field. It also shows researchers and graduate students how to make use of concepts like demoralization, cheap labour, dignity at work and a fair day's pay to develop critiques of current economic arrangements.

The Architecture of Illegal Markets

Towards an Economic Sociology of Illegality in the Economy

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Author: Matías Dewey

Publisher: Oxford University Press

ISBN: 0198794975

Category: Business & Economics

Page: 304

View: 2670

From illegal drugs, stolen artwork, and forged trademarks, to fraud in financial markets - the phenomenon of illegality in market exchanges is pervasive. Illegal markets have great economic significance, have relevant social and political consequences, and shape economic and political structures. Despite the importance of illegality in the economy, the field of economic sociology unquestioningly accepts the premise that the institutional structures and exchanges taking place in markets are law-abiding in nature. This volume makes a contribution to changing this. Questions that stand at the centre of the chapters are: What are the interfaces between legal and illegal markets? How do demand and supply in illegal markets interact? What role do criminal organizations play in illegal markets? What is the relationship between illegality and governments? Is illegality a phenomenon central to capitalism? Anchored in economic sociology, this book contributes to the analysis and understanding of market exchanges in conditions of illegality from a perspective that focuses on the social organization of markets. Offering both, theoretical reflections and case studies, the chapters assembled in the volume address the consequences of the illegal production, distribution, and consumption of products for the architecture of markets. It also focuses on the underlying causes and the political and social concerns stemming from the infringement of the law.

The Economic Sociology of Capitalism

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Author: Victor Nee,Richard Swedberg

Publisher: Princeton University Press

ISBN: 0691119589

Category: Business & Economics

Page: 457

View: 6269

Contributors examine the nature & workings of capitalism from the perspective of economic sociology.

Principles of Economic Sociology

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Author: Richard Swedberg

Publisher: Princeton University Press

ISBN: 9781400829378

Category: Business & Economics

Page: 384

View: 9135

The last fifteen years have witnessed an explosion in the popularity, creativity, and productiveness of economic sociology, an approach that traces its roots back to Max Weber. This important new text offers a comprehensive and up-to-date overview of economic sociology. It also advances the field theoretically by highlighting, in one analysis, the crucial economic roles of both interests and social relations. Richard Swedberg describes the field's critical insights into economic life, giving particular attention to the effects of culture on economic phenomena and the ways that economic actions are embedded in social structures. He examines the full range of economic institutions and explicates the relationship of the economy to politics, law, culture, and gender. Swedberg notes that sociologists too often fail to properly emphasize the role that self-interested behavior plays in economic decisions, while economists frequently underestimate the importance of social relations. Thus, he argues that the next major task for economic sociology is to develop a theoretical and empirical understanding of how interests and social relations work in combination to affect economic action. Written by an author whose name is synonymous with economic sociology, this text constitutes a sorely needed advanced synthesis--and a blueprint for the future of this burgeoning field.

The sociology of money

economics, reason & contemporary society

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Author: Nigel Dodd

Publisher: Continuum Intl Pub Group

ISBN: N.A

Category: Business & Economics

Page: 211

View: 7720

This is the first systematic sociological discussion of one of the most important of modern institutions: money. It demonstrates the immense significance of monetary systems in modern societies and considers why sociologists have been so slow to address this issue. Nigel Dodd, a sociologist by training, analyzes differing conceptions of the nature of money in economics, sociology, and anthropology, and subjects each of these to a systematic critique. He covers the main debates in economic theory, but concentrates special attention on the role of money in the work of such prominent social theorists as Simmel, Parsons, Habermas, and Giddens. None of these writers, Dodd concludes, offers a satisfactory account of the character or significance of money in modern societies. And so he offers a new interpretation of the nature of monetary transactions: one with far-reaching implications for social and economic analysis. Interdisciplinary in nature, The Sociology of Money will be of interest to those working in the fields of economics, social theory, sociology, and anthropology, and all those wishing to gain a better understanding of this dominant, but neglected, social institution.

Economic Sociology of Work

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Author: Nina Bandelj

Publisher: Emerald Group Publishing

ISBN: 1848553684

Category: Business & Economics

Page: 432

View: 1661

Economic sociology is a vibrant area of research investigating how social structures, power allocations and cultural understandings shape the production, consumption, distribution and exchange of goods and services. This title intends to apply the economic sociology perspective to issues of work broadly defined.