This paper advances research on institutional work in market constitution processes. I show how purposive, coordinated action is organized under conditions of uncertainty through practices of rendering irreducible uncertainty tolerable. Building on recent developments in institutional theories...

I. FINANCIAL INTERMEDIARIES IN EUROPE -- Markets and institutions in the rise of London as a financial center in the seventeenth century Larry Neal, Stephen Quinn -- Paris Bourse, 1724-1814: experiments in microstructure Eugene N. White -- No exit: notarial bankruptcies and the evolution of...

This book examines current theories of institutional change. The chapters highlight the limitations of these theories. Instead a model emerges of contemporary political economies developing in incremental but cumulatively transformative processes. (Provided by publisher)