Readings in Economic Sociology

These articles, over thirty in total, reflect the best and latest thought in the exciting field of economic sociology. Beginning with the foundation of Smith, Marx, Engels and Polanyi, the volume gathers some of the best writings by economic sociologists that consider national and world economies as both products and influences of society. Contains over twenty articles by classical and contemporary economic social theorists. Covers important topics on economic action, states, and markets. Includes insightful editorial introductions and further reading suggestions.

Nicole Woolsey Biggart is Professor of Management and Sociology at the University of California at Davis. She is the author of Charismatic Capitalism: Direct Selling Organizations in America (1989), and co-author (with Gary G. Hamilton and Marco Orr·) of The Economic Organization of East Asian Capitalism (1996).

List of Contributors

vii

Acknowledgments

x

Preface

xii

Part I Foundational Statements

1

(62)

Introduction

3

(3)

An Inquiry into the Nature and Causes of the Wealth of Nations

6

(12)

Of the Division of Labour

6

(5)

Of the Principle which Gives Occasion to the Division of Labour

11

(3)

Of the Natural and Market Price of Commodities

14

(4)

Adam Smith

Grundrisse: Foundations of the Critique of Political Economy

18

(6)

Selections from the Chapter on Capital

18

(6)

Karl Marx

Economy and Society: An Outline of Interpretive Sociology

24

(14)

Economic Action

24

(1)

Religious Ethics and Economic Rationality

25

(4)

The Market: Its Impersonality and Ethic

29

(4)

Class, Status, Party

33

(5)

Max Weber

The Great Transformation

38

(25)

Societies and Economic Systems

38

(10)

Evolution of the Market Pattern

48

(10)

The Self-Regulating Market and the Fictitious Commodities: Labor, Land, and Money

58

(5)

Karl Polanyi

Part II Economic Action

63

(106)

Introduction

65

(4)

Economic Action and Social Structure: The Problem of Embeddedness

69

(25)

Mark Granovetter

Making Markets: Opportunism and Restraint on Wall Street

94

(18)

Homo Economicus Unbound: Bond Traders on Wall Street

94

(18)

Mitchel Y. Abolafia

Auctions: The Social Construction of Value

112

(21)

The Search for a Fair Price

112

(21)

Charles Smith

The Structural Sources of Adventurism: The Case of the California Gold Rush

133

(21)

Gary G. Hamilton

The Separative Self: Androcentric Bias in Neoclassical Assumptions

154

(15)

Paula England

Part III Capitalist States and Globalizing Markets

169

(106)

Introduction

171

(4)

Weber's Last Theory of Capitalism

175

(22)

Randall Collins

Markets as Politics: A Political-Cultural Approach to Market Institutions

197

(22)

Neil Fligstein

Rethinking Capitalism

219

(12)

Fred Block

Developing Difference: Social Organization and the Rise of the Auto Industries of South Korea, Taiwan, Spain, and Argentina

231

(31)

Nicole Woolsey Biggart

Mauro F. Guillen

Learning from Collaboration: Knowledge and Networks in the Biotechnology and Pharmaceutical Industries

262

(13)

Walter W. Powell

Part IV Economic Culture and the Culture of the Economy

275

(82)

Introduction

277

(3)

The Forms of Capital

280

(12)

Pierre Bourdieu

Money, Meaning, and Morality

292

(23)

Bruce G. Carruthers

Wendy Nelson Espeland

The Social Meaning of Money

315

(16)

The Domestic Production of Monies

315

(16)

Viviana A. Zelizer

Opposing Ambitions: Gender and Identity in an Alternative Organization

331

(14)

Money as Moral Currency

331

(14)

Sherryl Kleinman

Greening the Economy from the Bottom up? Lessons in Consumption from the Energy Case

345

(12)

Loren Lutzenhiser

Index

357

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Readings in Economic Sociology

Summary

Author Biography

Table of Contents

Supplemental Materials

FREE SHIPPING

Rent More, Save More! Use code: BBRENTAL

5% off 1 book, 7% off 2 books, 10% off 3+ books

Readings in Economic Sociology

Summary

Author Biography

Table of Contents

Supplemental Materials

Digital License