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Architecture of Markets An Economic Sociology of Twenty-First-Century Capitalist Societies

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ISBN-10: 0691102546

ISBN-13: 9780691102542

Edition: 2001

Authors: Neil Fligstein

List price: $45.00
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Description:

Neil Fligstein makes sense of modern capitalism by developing a sociological theory of market institutions. He argues that the basic drift of any one market and its actors is generally towards stabilisation.
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Book details

List price: $45.00
Copyright year: 2001
Publisher: Princeton University Press
Publication date: 10/6/2002
Binding: Paperback
Pages: 288
Size: 7.95" wide x 8.98" long x 0.83" tall
Weight: 0.880
Language: English

List of Tables
Preface
Bringing Sociology Back In
A Critique of the Existing Literature in the Sociology of Markets
Theoretical Questions for a Sociology of Markets
A Political-Cultural Approach
Structure of the Book
Normative Implications of the Political-Cultural Approach to the Sociology of Markets
Markets as Institutions
Market Institutions: Basic Definitions
State Building and Market Building
Power in Policy Domains and Market Institutions
The Politics of the Creation of Market Institutions
Political Structuring of Labor Market Institutions
Policy Domains and Market Regulation in Real Societies
Stability and Complexity
Implications for Research
Conclusion
The Theory of Fields and the Problem of Market Formation
Markets as Fields
The Goal of Action in Stable Markets
The Problem of Change and Stability in Markets
Links between Market Formation and States
Some Macro Implications of the Theory of Fields
Globalization and Market Processes
Conclusion
The Logic of Employment Systems
Employment Systems as Institutional Projects
Variations and Transformations in Employment Systems
The Dynamics of Systems of Employment Relations
Insights into Comparative Employment Systems
Research Agendas
Conclusion
The Dynamics of U.S. Firms and the Issue of Ownership and Control in the 1970s
Review of the Literature
Management versus Owner Control
Bank Control
Market Dynamics and Management Control
Hypotheses
Data and Methods
Results
Discussion and Conclusions
Appendix A
The Rise of the Shareholder Value Conception of the Firm and the Merger Movement in the 1980s
What Is to Be Explained?
Finance Economics
Manager, Owner, and Bank Control
The Crisis of the Finance Conception of Control and the Rise of the Shareholder Value Conception of Control
Hypotheses
Data and Methods
Results
Conclusion
Corporate Control in Capitalist Societies
Economic Theories and Mechanisms
Sociological Theories of Control
Comparative Cases
Conclusion
Globalization
Definitions of Globalization
Critique of Globalization Arguments
The Slow Expansion and Unevenness of Global Trade
Change or Continuity in the Organization of Production?
Does Globalization Cause Deindustrialization and Inequality?
Politics, Governments, and Financial Markets
Trade, Competition, Industrial Policy, and the Welfare State
Globalization and Neoliberalism as an American Project
Conclusion
Conclusions
Two Tales of One Industry
Stability and Efficiency
Efficiency, Stability, and Equity
Conclusion
Notes
Bibliography
Index