Handbook Of Economic Sociology For The 21st Century: New Theoretical Approaches, Empirical Studies And Developments

Description

This handbook provides an overview on major developments that occurred in the field of economic sociology after its rebirth since the 1980s in the US. It offers new insights on the uniqueness of European economic sociology compared to US economic sociology which emerged at the end of the 20th century. The handbook presents economic sociology as a developing field which started with certain foundations as new economic sociology, widening the perspective by introducing social factors thereby focusing more on general belief systems, social forms of coordination and the relationships between society and the economy. It offers an outstanding portrait of the research field helping to identify major foundations and trajectories as well as new research perspectives for a globalized economic sociology. This makes the handbook appeal to specialized researchers of the field, researchers from other disciplines interested in economic phenomena, as well as graduate and postgraduate students. Where We Came from, Where We Are, and Where We Expect to Go: New Challenges and Developments in Economic Sociology Today......Page 6 Acknowledgments......Page 9 Contents......Page 10 Part I: Theoretical Perspectives and Developments......Page 12 1 Introduction......Page 13 2.1 Alexis de Tocqueville......Page 14 2.2 Karl Marx......Page 15 2.3 Max Weber......Page 16 2.4 Joseph Schumpeter......Page 17 2.5 Karl Polanyi......Page 18 2.6 Mark Granovetter......Page 20 2.7 Pierre Bourdieu......Page 21 2.8 Single Contributions to the Classic Tradition......Page 22 3 Concluding Remarks......Page 23 3.2 Reconceptualization......Page 24 References......Page 25 1 Economics and Sociology in Europe at the Beginning of the Twentieth Century......Page 28 2.1 Max Weber......Page 30 2.2 Joseph A. Schumpeter......Page 31 2.3 Karl Polanyi......Page 33 3 The Changing Character of Economic Sociology......Page 34 4 The Relevance of the Classics......Page 36 References......Page 38 1 Social Capital Defined......Page 41 2.1 Trust......Page 43 2.2 Information Flows......Page 45 2.3 Effective Norms......Page 46 2.4 Organizations......Page 47 4 Developing Social Capital......Page 48 5 Social Capital and Education......Page 49 6 Conclusion......Page 50 References......Page 51 1 The Double-Face of Success......Page 54 2 The Research Program of New Economic Sociology......Page 55 2.1 Background and Aims......Page 56 2.2 Principles and Essential Tools: Causal Explanations......Page 57 3 The Idea of Explanatory Sociology and Action-Based Explanations......Page 58 3.2 Main Forms of Action-Based Explanations in Sociology......Page 59 3.3 Analytical Mechanism Approach......Page 61 3.4.1 Using a Default Option in the Framework of DBO......Page 62 3.4.2 Built-in Mechanism Models Such as the Mechanism of Belief Formation......Page 63 3.4.3 How to Move Forward Through Collaboration......Page 64 4 How to Enhance a Sociological Perspective on Modern Economy......Page 65 References......Page 66 5: A French Institutionalism in Economic Sociology?......Page 69 1 Economics of Quality and Economics of Singularities......Page 71 2 Economics of Convention......Page 72 3 Economics of Qualities and Performativity......Page 77 4 Critics and Limits......Page 79 References......Page 81 1 Introduction......Page 84 2 Uncertainty and the Social Constitution of Expectations......Page 85 3 Expectations in Contemporary Capitalism......Page 87 3.2 Investment......Page 88 3.3 Innovation......Page 90 4.1 Where Do Expectations Come from?......Page 91 4.2 How Do Expectations Spread and Gain Momentum?......Page 92 4.3 The Moral Economy of Expectations......Page 93 5 Conclusion......Page 94 References......Page 96 1 Introduction......Page 100 2.1 The Directions of Aestheticization......Page 101 2.2 Aestheticization and Uncertainty......Page 103 2.3 How Is Aesthetic Quality Attributed?......Page 104 3.1 How Does the Aesthetic Discourse in the Wine Field Develop?......Page 108 3.2 The Use of Judgment Devices to Overcome Quality Uncertainty......Page 109 3.3 What Part Do Aesthetic Criteria Play in Price Formation on the Art Market?......Page 110 4 Summary......Page 111 References......Page 113 8: Economization: How Neo-Liberalism Took Over Society......Page 117 1 Economized Modernity: A Functionally Differentiated Capitalist Society......Page 118 2 Economizing since the Mid-1970s: The Logic of Compare and Replace!......Page 121 2.1 From ``Organized Modernity´´ to a Society ``Managed by the Markets´´......Page 122 2.2 Non-profit Organizations: Cost Reduction Through New Public Management......Page 123 2.3 For-Profit Organizations: Profit-Making by Commodification......Page 125 2.4 The Underlying Logic: ``Divide et Impera´´ Through Shopping Around......Page 126 3 Societal Costs: Erosion of Functional Differentiation......Page 127 4 Perspectives......Page 129 References......Page 130 Part II: Empirical Studies and Research Topics......Page 133 1 Introduction......Page 134 2 The Trust Problem and Its Solutions......Page 135 3 Reputation and Markets in Historical and Contemporary Societies......Page 137 4 Reputation in Online Markets......Page 140 5 The Downside of Reputation Systems......Page 144 References......Page 145 Internet Resources......Page 148 1 The Emergence of Attention Markets......Page 149 2.1 Attention as an Economic Commodity......Page 150 2.2 The Constitution of Attention Markets......Page 152 2.3 Social Change: Attention, Media, and Persuasion Markets......Page 153 2.4 An Economic-Sociological Framework of Attention Markets......Page 154 3 Attention Markets in the Digital Age......Page 155 4 A Concluding Remark......Page 156 References......Page 157 Internet References......Page 158 Chapter 11: Right to the City, Right to the Market: The Global Struggle of Informal Marketplaces......Page 160 1 Contested Sites of Exchange......Page 161 2 Spatial Interventions in Informal Markets as Economic Policy Indicators......Page 163 3 Forced Closure: Moscow´s Cherkizovsky Market......Page 164 4 Market Relocation: Bangkok´s Talad Rot Fai......Page 166 5 Old Site, New Market: Encants Vells, Barcelona......Page 169 6 Arizona Market: Top-Down Appropriation of Survival Economies......Page 172 7 Conclusion......Page 174 References......Page 175 Internet References......Page 176 Chapter 12: Economic Change from an Institutional Perspective......Page 178 1 Limits of Institution Building......Page 179 2.1 Institutional Change from Below......Page 180 2.2 A Case for Second-Best Solutions......Page 183 3.1 Social Networks......Page 185 3.2 Culture......Page 187 4 Conclusion......Page 188 References......Page 189 1 Introduction......Page 192 2 Theoretical Approaches to Financial Services Governance in the EU......Page 193 3 The Pre-Crisis Framework for Financial Regulation in the EU......Page 194 4.1 Banking Regulation in the EU......Page 195 4.2 Securities Markets Regulation in the EU......Page 197 4.3 Financial Supervision in the EU......Page 198 5 The Banking Union......Page 199 6 The Capital Markets Union and Brexit......Page 201 7 Conclusion......Page 202 References......Page 203 1 Introduction: General Attitudes Towards Capitalism and Socialism in Ukraine......Page 205 2 Description of the Data (The Ukrainian Society Survey)......Page 208 3.1 The Evolution of Attitudes Towards Private Entrepreneurship......Page 209 3.1.1 The Generational Gap......Page 213 3.2 Support to Socialism......Page 215 3.2.1 The Generational Divide......Page 216 4 Concluding Remarks......Page 217 References......Page 218 Internet References......Page 219 1 Introduction......Page 220 2 How to Position Alternatives in Social Change......Page 221 2.1 Food Regimes......Page 222 2.2 Quality Turn and Conventionalization of Emerging Alternatives......Page 223 2.3 Nested Markets......Page 225 3.1 Markets as Control Projects......Page 227 3.2 Change in Competition Regime......Page 228 4 Quality as an Institutional Order......Page 229 4.1 Alternative Qualification Paradigms......Page 230 4.3 Markets Regimes, Towards a Media Regime......Page 231 5 Conclusive Considerations......Page 232 References......Page 233 Internet Resources......Page 234 1 Introduction: The Emergence of Digital Money......Page 235 2 The Case of Sardex Money......Page 237 3.1 The Construction of Locality and Commonality......Page 238 3.2 The Sardex Functioning for a Different Social Relationship......Page 239 3.3 The Emergence of We-ness and Collective Action......Page 241 4 Money for (Un)Sustainable Communities......Page 243 5 Conclusion: Money as a Social Tie......Page 246 References......Page 247 Internet Resources......Page 249 1 Introduction......Page 250 2 The Role of Groups in a Sociology of Entrepreneurship......Page 251 2.2 Entrepreneurship as Future-Oriented Activity Bundles......Page 252 2.2.2 Entrepreneurial Opportunity......Page 253 2.3 Entrepreneurship as Collective Action (Re)producing Groups......Page 254 3 The Dual Problem of Solidarity......Page 255 4 Two Types of Entrepreneurial Groups, Two Sets of Embeddedness......Page 256 4.1 The Entrepreneurial Family in German Family Capitalism......Page 257 4.2 The Start-Up Team in the Berlin New Venture Field......Page 259 5 Variety of Groups, Variety of Entrepreneurial Activity......Page 261 References......Page 262 Part III: Societal Views on Economy......Page 266 1 Introduction......Page 267 2.1 Rational Organization of Formally Free Labor......Page 268 2.2 The Capitalist Firm: A Rational Organization?......Page 269 2.3 The Labor Market......Page 270 2.4 A Closed System of Markets......Page 271 3.1 Structural Innovations at the Company Level......Page 272 3.2 Growth as the Main Achievement of Capitalism......Page 273 3.3.1 State Socialism......Page 275 3.3.2 Cooperative Socialism......Page 277 4.1 Does Growth Come to an End?......Page 278 4.2 Negative Effects of Economic Growth......Page 280 5 Non-socialist Reforms of Capitalism......Page 281 References......Page 283 Internet References......Page 284 1 The Age of Responsibilization......Page 285 2 Defining Responsible Economic Action......Page 286 3.1 Action Theoretical Approaches......Page 288 3.2 Contextual Embeddedness......Page 289 4 Empirical Studies of Social Responsibility in the Economy......Page 291 5 Grand Challenges, Responsibility and Economic Sociology in the Twenty-First Century......Page 293 References......Page 294 Index......Page 299