The Architecture of Markets: An Economic Sociology of Twenty-First-Century Capitalist Societies

  title={The Architecture of Markets: An Economic Sociology of Twenty-First-Century Capitalist Societies},
  author={Neil Fligstein},
Market societies have created more wealth and more opportunities for more people, than any other system of social organization in history. Yet we still have a rudimentary understanding of how markets themselves are social constructions that require extensive institutional support. This groundbreaking work seeks to fill this gap, to make sense of modern capitalism by developing a sociological theory of market institutions. Addressing the dynamism that capitalism brings with it, Neil Fligstein… 

Fiscal Sociology in an Age of Globalization:

A much extended version of this paper appears in my Institutional Change and Globalization (Princeton University Press, 2004). Thanks for comments on the ideas in this paper go to In order to advance

Economic, Social, and Symbolic Capital: New Aspects for the Development of a Sociological Theory of the Market

Since the mid-1980s, economic sociology has experienced an enormous upturn. In this context, the notion of "social embeddedness" as the organizing principle of economic sociology was of particular

On the Sociology of Law in Economic Relations

A focus on law’s role in economic activities was central to many of the classical sociologists, and it remains a key theme in the sociology of law, although no longer central. The view of capitalism

Sources of Institutional Change: The Supranational Origins of Europe's New Stock Markets

The article explains a curious turn in European political economies. Between 1995 and 2005 national financial elites in twelve Western European countries created almost twenty competing new stock

The Politics of an Experimental Society: Creating Labor Market Flexibility in Europe

In the quest for economic growth, rich democracies’ governments have embraced the goal of creating labor market flexibility. To that end, they have pursued simultaneous changes in the three main

Are there laws of motion of capitalism

This article takes seriously the conflict of paradigms between a market economy approach and a capitalism approach. The first has recurrently shown its inability to explain the major stylized facts

The New Economic Sociology of Market Regulation

This paper focuses on the contribution of the so-called “new” economic sociology to the study of market phenomena in general and market regulation in particular. Several approaches within market

The Rise of Market Approaches to Social Problems: The Case of Fair Trade and Its Uneven Expansion Across the Global South

Abstract This study examines international market formation and expansion with a focus on the social regulation of economic activity. I use fair trade as a strategic case because of its centrality in

Constructing economic citizenship: the challenge of a new model of development

From the analysis of the bases of economic growth in Bolivia in the last fifty years, the author identifies real challenges centered upon the design of creative policies from and for concrete

Neo-pluralist political science, economic sociology and the conceptual foundations of the comparative capitalisms literatures

In this paper, we critically assess two of the key conceptual foundations for the comparative capitalisms (CC) literatures, neo-pluralist political science and economic sociology, in order to