Great individuals are assumed to cause the success of radical innovations--thus Henry Ford is depicted as the one who established the automobile industry in America. Hayagreeva Rao tells a different story, one that will change the way you think about markets forever. He explains how "market...

We provide a framework for reconciling two seemingly incompatible claims regarding identity in social and economic arenas: (a) that complex, multivalent identities are advantageous because they afford greater flexibility; and (b) that simple, generic identities are advantageous because they...

In this research note, we reanalyze and extend Phillips and Zuckerman’s (2001) study of diversification among Silicon Valley law firms. Our goals are to bolster the evidence in Phillips, Turco, and Zuckerman (2013a) in two ways. First, we demonstrate that high-status law firm diversification...

Whereas recent research has demonstrated how disinterested social validation may skew valuation in meritocratic domains, interested promotion may be at least as important a factor. As suggested by research on reputational entrepreneurship, a producer's death shifts promotion opportunities in two...

We show that if actors are defined as more knowledgeable when they possess more information, and if actors are defined as more powerful when they can extract greater surplus while exchanging resources, there is a fundamental trade-off in the social structural foundations of power and knowledge....