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| Author: | Fligstein, N. |
| Title: | Markets as politics : a political-cultural approach to market institutions |
| Journal: | American Sociological Review
1996 : AUG, VOL. 61:4, p. 656-673 |
| Index terms: | MARKETS SOCIAL ENVIRONMENT POLITICS COMPETITION SOCIOLOGY |
| Language: | eng |
| Abstract: | The author uses the metaphor "markets as politics" to create a sociological view of action in markets. A conceptual view of the social institutions that comprise markets is developed and a sociological model of action in which market participants try to create stable worlds and find social solutions to competition , is discussed. Propositions about how politics in markets work during various stages of market development are generated. At the formations of markets political action resembles social movements. During periods of market transformation, invaders can reintroduce more fluid social-movement-like conditions. |
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