The Architecture of Markets

The Architecture of Markets
Author :
Publisher : Princeton University Press
Total Pages : 289
Release :
ISBN-10 : 9780691186269
ISBN-13 : 069118626X
Rating : 4/5 (69 Downloads)

Book Synopsis The Architecture of Markets by : Neil Fligstein

Download or read book The Architecture of Markets written by Neil Fligstein and published by Princeton University Press. This book was released on 2018-06-05 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


The Architecture of Markets Related Books

The Architecture of Markets
Language: en
Pages: 289
Authors: Neil Fligstein
Categories: Business & Economics
Type: BOOK - Published: 2018-06-05 - Publisher: Princeton University Press

DOWNLOAD EBOOK

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
The Architecture of Illegal Markets
Language: en
Pages: 330
Authors: Jens Beckert
Categories: Business & Economics
Type: BOOK - Published: 2017 - Publisher: Oxford University Press

DOWNLOAD EBOOK

This book makes a contribution to understanding the structure of markets on which such illegal transactions occur. The authors apply the tools of economic socio
Exploring the Architecture of Place in America's Farmers Markets
Language: en
Pages: 0
Authors: Kathryn Clarke Albright
Categories: ARCHITECTURE
Type: BOOK - Published: 2020 - Publisher:

DOWNLOAD EBOOK

Exploring the Architecture of Place in America's Public and Farmers Markets draws attention to the simple but elusive architectural space of public and farmers
Emerging Trends in the Social and Behavioral Sciences
Language: en
Pages:
Authors: Stephen Michael Kosslyn
Categories: Psychology
Type: BOOK - Published: 2015-05-15 - Publisher:

DOWNLOAD EBOOK

A major new online reference work, Emerging Trends in the Social and Behavioral Sciences: Interdisciplinary Perspectives contains individual essays from both es
The Market and the City
Language: en
Pages: 281
Authors: Donatella Calabi
Categories: History
Type: BOOK - Published: 2017-07-05 - Publisher: Routledge

DOWNLOAD EBOOK

The early modern period is often characterised as a time that witnessed the rise of a new and powerful merchant class across Europe. From Italy and Spain in the