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Sociological imperialism in three theories of the market

Published online by Cambridge University Press:  13 October 2006

FABIO ROJAS
FABIO ROJAS
Affiliation:
Department of Sociology, Indiana University
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Abstract

This essay reviews three prominent sociological studies of firms and markets: Neil Fligstein's The Architecture of Markets, Glenn Carroll and Michael Hannan's The Demography of Corporations, and Harrison C. White's Markets from Networks. The review essay discusses how economic sociology focuses on processes ignored by economists. However, research findings and theoretical developments are rarely reconciled or integrated with economic research. The conclusion discusses possible links between the varying schools of economic sociology and heterodox economic traditions such as contemporary institutional economics.

Type
Review Article
Information
Journal of Institutional Economics , Volume 2 , Issue 3 , December 2006 , pp. 339 - 363
Copyright
2006 The JOIE Foundation

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Footnotes

I'd like to thank the following individuals for their criticisms and suggestions: the editors of The Journal of Institutional Economics, the anonymous referees, John Brehm, Elena Obukhova, Tyler Cowen, Alex Tabarrok, Bryan Caplan, and Elias Khalil. All remaining errors are my own. Direct all correspondence to Fabio Rojas, frojas@indiana.edu, at 761 Ballantine Hall, 1020 East Kirkwood, Bloomington, Indiana 47405.