The Oxford Handbook of the Sociology of Finance

Author: Karin Knorr Cetina,Alex Preda

Publisher: Oxford University Press on Demand

ISBN: 0199590168

Category: Business & Economics

Page: 608

View: 5440

The Handbook brings together leading international scholars to provide a comprehensive overview of research and theory on the sociology of finance and the workings of financial institutions and financial markets. It will serve as a reference point for this rapidly expanding discipline.
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The Sociology of Financial Markets

Author: Karin Knorr-Cetina,Alex Preda

Publisher: Oxford University Press on Demand

ISBN: 9780199275595

Category: Business & Economics

Page: 319

View: 3673

Financial markets also have a structural impact on the governance of social and economic institutions. Until now, sociologists have examined issues of governance mostly with respect to the legal framework of financial transactions. Contributions in this book highlight the ways in which financial markets shape the inner working and structure of corporations and their governance.
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Markets On Trial

The Economic Sociology of the U.S. Financial Crisis

Author: Michael Lounsbury,Paul M. Hirsch

Publisher: Emerald Group Publishing

ISBN: 0857242083

Category: Social Science

Page: 404

View: 7715

Since the mid-20th century, organizational theorists have increasingly distanced themselves from the study of core societal power centers and important policy issues of the day. This title addresses the global financial crisis debates and struggles around how to organize economies and societies around the world.
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Die Architektur der Märkte

Author: Neil Fligstein

Publisher: Springer-Verlag

ISBN: 9783531159645

Category: Social Science

Page: 263

View: 3408

Die Architektur der Märkte fasst grundlegende Schriften Neil Fligsteins aus verschiedenen Arbeitsphasen zusammen, in denen er eine wirtschaftssoziologische Sicht auf kapitalistische Gesellschaften entwickelt hat. Fligstein hat mit der These von der sozialen Konstruktion oder Architektur von Märkten auf die Bedeutung des Staates und der modernen Unternehmen aufmerksam gemacht und die institutionelle Rahmung des Wirtschaftslebens in den Mittelpunkt gerückt. Der Band hat nach seinem Erscheinen für große Aufmerksamkeit gesorgt und gilt zu Recht als eine der wegweisenden Aufsatzsammlungen der neueren Wirtschaftssoziologie.
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Schlüsselwerke der Wirtschaftssoziologie

Author: Klaus Kraemer,Florian Brugger

Publisher: Springer-Verlag

ISBN: 3658081848

Category: Social Science

Page: 540

View: 5405

Das Buch bietet einen fundierten Überblick über die zentralen Inspirationsquellen und Schlüsselwerke der Wirtschaftssoziologie und ordnet sie historisch wie systematisch ein. Die moderne Wirtschaft ist ohne soziologisches Wissen über ihre sozialen, kulturellen und politisch-institutionellen Grundlagen nicht angemessen zu verstehen. Von dieser Grundannahme ausgehend untersucht die Wirtschaftssoziologie Märkte und Unternehmen, Geld und Eigentum, Tauschformen und Wirtschaftsordnungen. Wie wirken Netzwerke und Kooperationen, Wertideen und Konventionen, Konflikte und Machtasymmetrien auf Märkten und in Unternehmen? Welchen Einfluss haben kulturelle und staatliche Ordnungen auf Wirtschaftssysteme? Wie kann der Aufstieg und der Niedergang von Märkten soziologisch erklärt werden? Warum sind zahllose Tauschbeziehungen in modernen Gesellschaften marktförmig organisiert, während in anderen Bereichen Märkte abgelehnt werden oder sogar untersagt sind?
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Märkte

Author: Patrik Aspers

Publisher: Springer-Verlag

ISBN: 3658087803

Category: Social Science

Page: 174

View: 5878

Unser Leben wird von Märkten bestimmt. Sie sind für die kapitalistischen Volkswirtschaften weltweit konstitutiv und haben von Anfang an viele öffentliche Debatten ausgelöst. Während Märkte für die Einen der unübertroffene Modus der Handlungskoordination sind, werden sie von Anderen als Quelle vieler gesellschaftlicher Übel eingestuft und bekämpft. Dieses Buch vereint das Wissen über Märkte von Soziologie, Ökonomie und Anthropologie und untersucht systematisch die verschiedenen Formen von Märkten, denen wir täglich in unserem Leben begegnen.
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Framing Finance

The Boundaries of Markets and Modern Capitalism

Author: Alex Preda

Publisher: University of Chicago Press

ISBN: 0226679330

Category: Social Science

Page: 328

View: 9007

As the banking crisis and its effects on the world economy have made plain, the stock market is of colossal importance to our livelihoods. In Framing Finance, Alex Preda looks at the history of the market to figure out how we arrived at a point where investing is not only commonplace, but critical, as market fluctuations threaten our plans to send our children to college or retire comfortably. As Preda discovers through extensive research, the public was once much more skeptical. For investing to become accepted, a deep-seated prejudice against speculation had to be overcome, and Preda reveals that over the course of the eighteenth and nineteenth centuries groups associated with stock exchanges in New York, London, and Paris managed to redefine finance as a scientific pursuit grounded in observational technology. But Preda also notes that as the financial data in which they trafficked became ever more difficult to understand, charismatic speculators emerged whose manipulations of the market undermined the benefits of widespread investment. And so, Framing Finance ends with an eye on the future, proposing a system of public financial education to counter the irrational elements that still animate the appeal of finance.
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The Architecture of Illegal Markets

Towards an Economic Sociology of Illegality in the Economy

Author: Matías Dewey

Publisher: Oxford University Press

ISBN: 0198794975

Category: Business & Economics

Page: 304

View: 6448

From illegal drugs, stolen artwork, and forged trademarks, to fraud in financial markets - the phenomenon of illegality in market exchanges is pervasive. Illegal markets have great economic significance, have relevant social and political consequences, and shape economic and political structures. Despite the importance of illegality in the economy, the field of economic sociology unquestioningly accepts the premise that the institutional structures and exchanges taking place in markets are law-abiding in nature. This volume makes a contribution to changing this. Questions that stand at the centre of the chapters are: What are the interfaces between legal and illegal markets? How do demand and supply in illegal markets interact? What role do criminal organizations play in illegal markets? What is the relationship between illegality and governments? Is illegality a phenomenon central to capitalism? Anchored in economic sociology, this book contributes to the analysis and understanding of market exchanges in conditions of illegality from a perspective that focuses on the social organization of markets. Offering both, theoretical reflections and case studies, the chapters assembled in the volume address the consequences of the illegal production, distribution, and consumption of products for the architecture of markets. It also focuses on the underlying causes and the political and social concerns stemming from the infringement of the law.
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Die Fabrikation von Erkenntnis

zur Anthropologie der Naturwissenschaft

Author: Karin Knorr-Cetina

Publisher: N.A

ISBN: N.A

Category: Philosophy

Page: 357

View: 4778

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A Weberian Analysis of Business Groups and Financial Markets

Trade Relations in Taiwan and Korea and some Major Stock Exchanges

Author: Sandro Segre

Publisher: Ashgate Publishing, Ltd.

ISBN: 1409491250

Category: Social Science

Page: 142

View: 1586

Moral economy, as a set of rules which regulate market transactions, has been the object of much research and debate since the 1980s; it has also been the focus of classical sociological authors such as Weber, Simmel and Toennies. Weber in particular examined the rules of the moral economy in the financial markets, and this volume sheds light on his contribution to the subject. The book formulates two models of business relations – one oligopolistic model, the other based on free competition – which are derived from Weber and Simmel's writings and which represent alternative instances of the moral economy. Empirical case studies in the form of South Korea and Taiwan are included to exemplify the two models and to highlight the consequences of adopting one model over the other. The volume also examines the conduct of actors in some of the leading financial markets, with reference to Weber's writings on the 19th century London and Berlin Stock Exchanges.
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Transformationen des Kapitalismus

Festschrift für Wolfgang Streeck zum sechzigsten Geburtstag

Author: Jens Beckert

Publisher: Campus Verlag

ISBN: 9783593382814

Category: Capitalism

Page: 465

View: 2190

Die Entwicklung moderner Gesellschaften wird durch das Zusammenwirken von Märkten und marktkorrigierenden Institutionen, von Wirtschaft und Politik bestimmt. Wirtschaftlicher Erfolg, soziale Ordnung, politische Stabilität hängen wesentlich von deren Zusammenspiel ab. Die Steuerung gesellschaftlicher Prozesse setzt daher ein Verstehen der Dynamiken zwischen offenen Märkten und sozialen Institutionen voraus. Im Band werden die Spannungen zwischen demokratischer Selbstbestimmung und wirtschaftlicher Eigendynamik analysiert. Jens Beckertist Professor für Soziologie und Direktor am Max-Planck-Institut für Gesellschaftsforschung, Köln. Bernhard Ebbinghausist Professor für Soziologie und Leiter des Arbeitsbereichs A "Die europäischen Gesellschaften und ihre Integration ", Mannheimer Zentrum für Europäische Sozialforschung, Universität Mannheim. Anke Hasselist Professor of Public Policy an der Hertie School of Governance, Berlin. Philip Manowist Forschungsgruppenleiter am Max-Planck- Institut für Gesellschaftsforschung, Köln.
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Cultures of Expertise in Global Currency Markets

Author: Leon Wansleben

Publisher: Routledge

ISBN: 1135037426

Category: Business & Economics

Page: 224

View: 8190

Notwithstanding financial crises, global foreign exchange markets have undergone a tremendous growth during the last two decades. Foreign exchange (FX) is often thought of as a site where economic actors exchange currencies for buying foreign goods or selling goods in foreign countries, but the FX markets are better understood as financial spheres, dominated by speculative actors. A key question is how this huge global speculative sphere has developed, and what maintains it. Thus far, global currency markets have been largely neglected by the new approaches to finance, and until now no study has existed to chart the interplay of their structural evolution and their shape as knowledge spheres. This new book offers a systematic study of FX markets from a knowledge sociological perspective, empirically focussing on analysts within these markets. It makes the argument that market structures are reflected in, and become stabilised by, distinct cultures of financial expertise. These cultures connect the actions and perceptions of loosely coupled, globally distributed market players, and establish shared sets of strategies of how to observe, valuate and invest. This highly original book will be of interest to scholars of economics, sociology and political science, and in particular to all those with an interest in the sociology of finance and the role of finance in the contemporary world.
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Information, Knowledge, and Economic Life

An Introduction to the Sociology of Markets

Author: Alex Preda

Publisher: Oxford University Press, USA

ISBN: 9780199556953

Category: Business & Economics

Page: 238

View: 2688

As financial markets have assumed increasing prominence in societies, economic sociology's insights into their operations have provided some of the most cogent explanations of how they affect our world. The book systematically surveys the most important sociological approaches to markets, taking information as the key concept in the analysis of transactions. It examines the differences between economic and sociological concepts of information, showing how the latter can ground a genuinely sociological research programme in the investigation of markets. This is the first book to bring together and discuss different approaches to markets in contemporary economic sociology with respect to the links between information and transactions. Structured on a scale which goes from the analysis of economic exchanges as social interactions to the examination of social institutions which support global markets, the book highlights the social and cultural factors shaping the production, diffusion, and uses of economic information. Based on a systematic discussion of the latest research on economic interactions, the book investigates how information is constituted in market transactions; the role played by emotions; the role of shared cognitive frameworks in shaping information. It integrates the analysis of economic groups, networks, and communities with that of forms of economic expertise, technologies, organizations, and institutions which constitute markets. The book analyzes the social structures supporting market transactions, discussing networks of social relationships, groups, and market communities with respect to information. It shows how newer concepts like performativity, with several versions and applications, contribute to a better understanding of market dynamics. Using examples, the book discusses the increased technological complexity of markets and its consequences with respect to how information is processed in transactions.
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The Sociology of the Economy

Author: Frank Dobbin

Publisher: Russell Sage Foundation

ISBN: 1610448421

Category: Social Science

Page: 456

View: 6969

The new economic sociology is based on the theory that patterns of economic behavior are shaped by social factors. The Sociology of the Economy brings together a dozen path-breaking empirical studies that explore how social forces—such as shifts in political power, the influence of social networks, or the spread of new economic ideas—shape real-world economic behavior. The contributors—all leading economic sociologists—show these social forces at work in a diverse range of international settings and historical circumstances. Examining why so many American banks followed industry leaders into foreign markets in the 1970s, only to pull back within a few years, Mark Mizruchi and Gerald Davis suggest that social emulation rather than rational calculation led banks to expand globally before there was any evidence that foreign offices paid off. William Schneper and Mauro Guillé show that despite the international diffusion of the hostile takeover during the last twenty years, the practice became widespread only in countries with political institutions conducive to buying and selling entire companies. Thus during the 1990s, the United States and United Kingdom. saw hundreds of hostile takeover bids, while Germany had only a handful, and Japan just one. Deborah Davis explores resistance to the globalization of Western ideas about real-estate ownership—particularly in China where the government has had little success in instituting a market system in place of traditional, family-based real-estate inheritance. And Richard Scott examines the controversial rise of managed care in the American healthcare system, as the quest for market efficiency collided with the ideal of equity in access to health care. Together, these studies provide compelling evidence that economic behavior is not ruled by immutable laws, and is but one realm of social behavior, with its own conventions, roles, and social structures. The Sociology of the Economy demonstrates the vitality of empirical research in the field of economic sociology and the power of sociological models in explaining how markets operate.
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Finanzmarkt-Kapitalismus

Analysen zum Wandel von Produktionsregiment

Author: Paul Windolf

Publisher: Springer-Verlag

ISBN: 9783531147390

Category: Social Science

Page: 516

View: 8498

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Codes of Finance

Engineering Derivatives in a Global Bank

Author: Vincent Antonin Lépinay

Publisher: Princeton University Press

ISBN: 1400840465

Category: Business & Economics

Page: 304

View: 663

The financial industry's invention of complex products such as credit default swaps and other derivatives has been widely blamed for triggering the global financial crisis of 2008. In Codes of Finance, Vincent Antonin Lépinay, a former employee of one of the world’s leading investment banks, takes readers behind the scenes of the equity derivatives business at the bank before the crisis, providing a detailed firsthand account of the creation, marketing, selling, accounting, and management of these financial instruments—and of how they ultimately created havoc inside and outside the bank.
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Money as Emotional Currency

Author: Anca Carrington

Publisher: Karnac Books

ISBN: 1782202005

Category: Psychology

Page: 176

View: 3222

The importance of money and our relationship to it is impossible to ignore in a decade defined by global economic crisis and financial instability. Integrating a psychoanalytic perspective with insights offered by economics, this book contributes to a debate that aims for a better understanding of money in its dual functioning – as omnipresent component of our external reality, as well as powerful agent of our emotional responses. The main argument proposed is that the intense and complex emotional charge that money can engender stems from the role that money has not so much in the external world, but in an internal economy ruled by phantasy, where every external transaction has an internal counterpart, whose impact is mysterious, deep and far-reaching. The book explores the impact of the emotional undercurrent stirred by money from its beginnings in childhood to its consolidation into adult life, for individuals and society alike, and with an emphasis on ordinary development, rather than on pathology. Bringing together Freud’s seminal work with more recent applications of psychoanalytic thinking to financial markets, with Borges’ prose and Lacanian insights, this book crosses discipline and school boundaries with the aim of making new insights possible
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New Perspectives on Emotions in Finance

The Sociology of Confidence, Fear and Betrayal

Author: Jocelyn Pixley

Publisher: Routledge

ISBN: 0415533791

Category: Business & Economics

Page: 238

View: 7452

The financial crisis that started in 2007 is a concern for the world. Some countries are in depression and governments are desperately trying to find solutions. In the absence of thorough debate on the emotions of money, bitter disputes, hatred and ‘moralizing’ can be misunderstood. New Perspectives on Emotions in Finance carefully considers emotions often left unacknowledged, in order to explain the socially useful versus de-civilising, destructive, nature of money. This book offers an understanding of money that includes the possible civilising sentiments. This interdisciplinary volume examines what is seemingly an uncontrollable, fragile world of finance and explains the ‘panics’ of traders and ‘immoral panics’ in banking, ‘confidence’ of government and commercial decision makers, ‘shame’ or ‘cynicism’ of investors and asymmetries of ‘impersonal trust’ between finance corporations and their many publics. Money is shown to rely on this abstract trust or ‘faith’, but such motivations are in crisis with ‘angry’ conflicts over the ‘power of disposition’. Restraining influences – on ‘uncivilised emotions’ and rule breaking – need democratic consensus, due to enduring national differences in economic ‘sentiments’ even in ostensibly similar countries. Promising ideas for global reform are assessed from these cautionary interpretations. Instead of one ‘correct’ vision, sociologists in this book argue that corporations and global dependencies are driven by fears and normless sentiments which foster betrayal. This book is not about individuals, but habitus and market crudities. Human ‘nature’ or ‘greed’ cannot describe banks, which do not ‘feel’ because their motivations are not from personal psyches but organisational pressures, and are liable to switch under money’s inevitable uncertainties. This more inclusive social science studies emotions as a crucial factor among others, to expand the informed public debate among policy makers, bankers, academics, students and the public.
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Mapping the Sociology of Health and Medicine

America, Britain and Australia Compared

Author: F. Collyer

Publisher: Springer

ISBN: 1137009314

Category: Social Science

Page: 325

View: 4707

This book studies the sociology of health and medicine across three different countries, the USA, UK and Australia, examining the nature of disciplines and their specialties and posing sociological questions about the formation of intellectual fields and their social relations.
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