{"product_id":"the-architecture-of-markets-an-economic-sociology-of-twentyfirstcentury-capitalist-societies-9780691102542","title":"The Architecture of Markets  An Economic","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eMarket societies have created more wealth, and more opportunities for more people, than any other system of social organization in history. Addressing the unruly dynamism that capitalism brings with it, this work argues that the basic drift of any one market and its actors, even allowing for competition, is toward stabilization.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003eWinner of the 2003 Distinguished Book Award \"Until the appearance of Fligstein's new book ... no one has attempted to integrate economic sociology into a coherent, consistent, and comprehensive approach for the study of market capitalism. This book, therefore, sets a standard for other books that will follow in the coming decades. By all measures, it is an impressive book that deserves careful reading by everyone interested in the analysis of capitalist economies.\"--Gary G. Hamilton, American Journal of Sociology \"This is an important book. It ... will undoubtedly redirect research attention and encourage new work on the rules and politics that structure market relations. This book pushes us forward and suggests a rich vein waiting to be mined.\"--Mitchel Y. Abolafia, Administrative Science Quarterly\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003eList of Tables xi  Preface xiii  1. Bringing Sociology Back In 3  A Critique of the E isting Literature in the Sociology of Markets 6  Theoretical Questions for a Sociology of Markets 10  A Political-Cultural Approach 15  Structure of the Book 20  Nor ative Implications of the Political-Cultural Approach to the Sociology of Markets 21  PART I 25  2. Markets as Institutions 27  Market Institutions: Basic Definitions 28  State Building and Market Building 36  Power in Policy Domains and Market Institutions 42  3. The Politics of the Creation of Market Institutions 45  Political Structuring of Labor Market Institutions 53  Policy Domains and Market Regulation in Real Societies 56  Stability and Complexity 59  Implications for Research 62  Conclusion 64  4. The Theory of Fields and the Problem of Market Formation 67  Markets as Fields 67  The Goal of Action in Stable Markets 70  The Proble of Change and Stability in Markets 75  Links between Market For ation and States 86  Some Macro Implications of the Theory of Fields 89  Globalization and Market Processes 94  Conclusion 97  PART II 99  5. The Logic of Employment Systems 101  Employment Systems as Institutional Projects 103  Variations and Transfor ations in Employment Systems 107  The Dynamics of Systems of Employment Relations 108  Insights into Comparative Employment Systems 111  Research Agendas 117  Conclusion 120  6. The Dynamics of U.S. Firms and the Issue of Ownership and Control in the 1970s 123  Review of the Literature 124  Manage ent versus Owner Control 125  Bank Control 126  Market Dynamics and Manage ent Control 128  Hypotheses 130  Data and Methods 132  Results 136  Discussion and Conclusions 144  Appendix A 146  7. The Rise of the Shareholder Value Conception of the Firm and the Merger Movement in the 1980s 147  What Is to Be Explained? 150  Finance Economics 151  Manager, Owner, and Bank Control 153  The Crisis of the Finance Conception of Control and the Rise of the Shareholder Value Conception of Control 155  Hypotheses 157  Data and Methods 158  Results 162  Conclusion 166  8. Corporate Control in Capitalist Societies 170  Economic Theories and Mechanisms 172  Sociological Theories of Control 176  Comparative Cases 181  Conclusion 189  9. Globalization 191  Definitions of Globalization 193  Critique of Globalization Arguments 195  The Slow Expansion and Unevenness of Global Trade 196  Change or Continuity in the Organization of Production? 203  Does Globalization Cause Deindustrialization and Inequality? 206  Politics, Govern ents, and Financial Markets 209  Trade, Competition, Industrial Policy, and the Welfare State 213  Globalization and Neoliberalis as an American Project 220  Conclusion 221  0. Conclusions 223  Two Tales of One Industry 223  Stability and Efficiency 228  Efficiency, Stability, and Equity 231  Conclusion 236  Notes 239  Bibliography 247  Index 269","brand":"Princeton University Press","offers":[{"title":"Default Title","offer_id":49403725447511,"sku":"9780691102542","price":999.99,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780691102542.jpg?v=1730484364","url":"https:\/\/bookcurl.com\/products\/the-architecture-of-markets-an-economic-sociology-of-twentyfirstcentury-capitalist-societies-9780691102542","provider":"Book Curl","version":"1.0","type":"link"}