Home |  About Us |  My Gateway |  Feedback |  Bookstore |  Help

Search


in

  Advanced Search

  Browse by:
       Subject
       Region
       Country
       Special Offers

Login
  Please Log In
Shop
  Online store
  Your account
Development Bookstore
  About us
  Contact us
  For publishers
  Powered By


The Architecture of Markets
Neil Fligstein
Price: $ 17.95

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.

Directory of World Bank Books

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z |

Readers' Comments

Have you read this title? If so, Contribute a comment


Terms and Conditions | Privacy | Editorial Policy | Make this your Homepage

A program of the Development Gateway Foundation in collaboration with these organizations.