The Architecture of Markets: An Economic Sociology of Twenty-First-Century Capitalist Societies
Опубликовано на портале: 12-11-2007
Изд-во:
Princeton University Press, 2002, 288 с.
Тематический раздел:
Winner of 2003 Distinguished Book Award. Market societies have created more wealth,
and more opportunities for more people, than any other system of social organization
in history. Yet we still have a rudimentary understanding of how markets themselves
are social constructions that require extensive institutional support. This groundbreaking
work seeks to fill this gap, to make sense of modern capitalism by developing a sociological
theory of market institutions. Addressing the unruly dynamism that capitalism brings
with it, leading sociologist Neil Fligstein argues that the basic drift of any one
market and its actors, even allowing for competition, is toward stabilization.
The Architecture of Markets represents a major and timely step beyond recent, largely
empirical studies that oppose the neoclassical model of perfect competition but provide
sparse theory toward a coherent economic sociology. Fligstein offers this theory.
With it he interprets not just globalization and the information economy, but developments
more specific to American capitalism in the past two decades--among them, the 1980s
merger movement. He makes new inroads into the ''theory of fields,'' which links
the formation of markets and firms to the problems of stability. His political-cultural
approach explains why governments remain crucial to markets and why so many national
variations of capitalism endure. States help make stable markets possible by, for
example, establishing the rule of law and adjudicating the class struggle. State-building
and market-building go hand in hand.
Fligstein shows that market actors depend mightily upon governments and the members
of society for the social conditions that produce wealth. He demonstrates that systems
favoring more social justice and redistribution can yield stable markets and economic
growth as readily as less egalitarian systems. This book will surely join the classics
on capitalism. Economists, sociologists, policymakers, and all those interested in
what makes markets function as they do will read it for many years to come.
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List of Tables
Preface
1. Bringing Sociology Back In
PART I
2. Markets as Institutions
3. The Politics of the Creation of Market Institutions
4. The Theory of Fields and the Problem of Market Formation
PART II
5. The Logic of Employment Systems
6. The Dynamics of U.S. Firms and the Issue of Ownership and Control in the 1970s
7. The Rise of the Shareholder Value Conception of the Firm and the Merger Movement in the 1980s
8. Corporate Control in Capitalist Societies
9. Globalization
10. Conclusions
Notes
Bibliography
Index
Ключевые слова
См. также:
Industrial and Corporate Change.
1995.
Vol. 4.
No. 1.
P. 51-91.
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