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: 2245

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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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Transformationen des Kapitalismus

Festschrift für Wolfgang Streeck zum sechzigsten Geburtstag

Author: Jens Beckert

Publisher: Campus Verlag

ISBN: 9783593382814

Category: Capitalism

Page: 465

View: 6919

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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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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: 7866

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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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Markets On Trial

The Economic Sociology of the U.S. Financial Crisis

Author: Michael Lounsbury,Paul M. Hirsch

Publisher: Emerald Group Publishing

ISBN: 0857242075

Category: Social Science

Page: 404

View: 5403

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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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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: 7097

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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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Cultures of Expertise in Global Currency Markets

Author: Leon Wansleben

Publisher: Routledge

ISBN: 1135037426

Category: Business & Economics

Page: 224

View: 8909

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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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The Sociology of the Economy

Author: Frank Dobbin

Publisher: Russell Sage Foundation

ISBN: 1610448421

Category: Social Science

Page: 456

View: 6222

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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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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: 1460

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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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Material Markets

How Economic Agents are Constructed

Author: Donald MacKenzie

Publisher: OUP Oxford

ISBN: 0191608513

Category: Business & Economics

Page: 240

View: 6944

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Financial markets, processes, and instruments are often difficult to fathom; the credit crisis highlights both their importance and their fragility. Donald MacKenzie is one of the most perceptive analysts of the workings of the financial world. In this book, he argues that economic agents and markets need to be analyzed in their full materiality: their physicality, their corporeality, their technicality. Markets are populated not by disembodied, abstract agents, but by embodied human beings and technical systems. Concepts and systematic ways of thinking that simplify market processes and make them mentally tractable are essential to how markets function. In putting forward this material sociology of markets, the book synthesizes and contributes to the new field of social studies of finance: the application to financial markets not just of economics but of wider social-science disciplines, in particular science and technology studies. The topics covered include the development of financial derivatives exchanges (non-existent in 1970, but now trading products equivalent to $13,000 for every human being on earth); arbitrage; how corporate profit figures are constructed; the crucial new markets in carbon emissions; and a case-study of a hedge fund (based, unusually, on direct observation of its trading). The book will appeal to research students and academics across the social sciences, and the general reader will enjoy the book's explanations and analyses of some of the most important phenomena of today's turbulent markets.
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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: 4742

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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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