There is now a solid set of results from economic sociologists concerning the spread and implementation of "shareholder value" strategies across publicly held corporations in the United States during the 1980s. Corporations were financially reorganized and used the tactics of selling off...

There is now a solid set of results from economic sociologists concerning the spread and implementation of "shareholder value" strategies across publicly held corporations in the United States during the 1980s. Corporations were financially reorganized and used the tactics of selling off...

The 2007-2009 financial crisis was centered on the mortgage industry. This paper develops a distinctly sociological explanation of that crisis based on Fligstein’s (1996) markets as politics approach and the sociology of finance. We use archival and secondary sources to show that the...

With the Treaty of Rome, European states designed a set of policy domains related to trade and the regulation of markets, a complex of governmental organisations, and a binding set of substantive and procedural rules to help them achieve the construction of a European Economic Community...

At the core of the European Union, has been the gradual creation of the "single market" across western Europe. The European Union began as the European Coal and Steel Community (ECSC) and expanded to become the European Economic Community (EEC). The original intent of the ECSC was to stabilize...

The current crisis in the mortgage securitization industry highlights significant failures in our models of how markets work and our political will, organizational capability, and ideological desire to intervene in markets. This paper shows that one of the main sources of failure has been the...

Economic globalization refers to three related processes: 1) the growth in the world economy, 2) the change in the relations between first and third world countries that has resulted from the use of information technologies to reorganize production nationally and globally, and 3) the integration...

The problem of the relationship between actors and the social structures in which they are embedded is central to sociological theory. This paper suggests that the "new institutionalist" focus on fields, domains, or games provides an alternative view of how to think about this problem by...

"New Institutional" theories have proliferated across the social sciences. While they have substantial disagreements, they agree that institutions are created to produce local social orders, are social constructions, fundamentally about how powerful groups create rules of interaction and...