Economy/Society: Markets, Meanings, and Social Structure
Publication Year: 2013
This long-awaited second edition of Economy/Society Markets, Meanings, and Social Structure continues to offer an accessible introduction to the way social arrangements affect economic activity, and shows that economic exchanges are deeply embedded in social relationships. Understanding how society shapes the economy helps us answer many important questions. For example, how does advertising get people to buy things? How do people use their social connections to get jobs? How did large bureaucratic organizations come to be so pervasive in modern economies—and what difference does it make? How can we explain the persistence of economic inequalities between men and women and across racial groups? Why do some countries become rich while others stay poor? This book presents sociological answers to questions like these, and encourages its ...
- Front Matter
- Back Matter
- Subject Index
- Chapter 1: The Embeddedness of Markets
- Markets and Their Alternatives
- Markets and Their Preconditions
- The Embeddedness of Markets
- The Consequences of Markets
- The Variety of Capitalisms
- Outline of the Book
- Chapter 2: Marketing and the Meaning of Things
- Things and Meaning
- Commodities as Gifts
- Consumerism and Globalization
- Chapter 3: Organizations and the Economy
- The Power of the Boss
- Organizations Around the Globe
- Organizations and Internal Labor Markets
- The Organizational Context for Conflict
- Workplace and Personal Life
- The Formation of an Organizational Economy
- Chapter 4: Networks in the Economy
- What Is a Network?
- Why Networks Matter
- Individual Networks
- The Importance of Networks in Markets
- Chapter 5: Banking and Finance
- What Does a Financial System Do?
- Finance and Development
- Regulation and Deregulation
- Innovation and Status
- Household Finance
- Globalization and Finance
- Chapter 6: Economic Inequality
- Inequality in Perspective
- Inequality and Efficiency
- Explaining Recent Trends in Income Inequality
- Race, Gender, and Inequality
- Inequalities in U.S. Labor Markets
- Gender in the Labor Market
- Race in the Labor Market
- Race, Mortgage Discrimination, and Wealth Inequality
- Race, Gender, and Price
- Chapter 7: Economic Development
- Economic Development Defined
- From The Wealth of Nations to the Washington Consensus
- Sociological Perspectives on Development
- Chapter 8: Conclusion
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Cover image: The Moneylender and his Wife by Quentin Matsys (1514), Oil on panel, 71 × 68 cm Musée du Louvre, Paris, public domain image from Wikipedia.
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Library of Congress Cataloging-in-Publication Data
Carruthers, Bruce G.
Economy/society: markets, meanings, and social structure/
Bruce G. Carruthers, Sarah L. Babb.—2nd ed.
p. cm.—(Sociology for a new century series)
Includes bibliographical references and index.
ISBN 978-1-4129-9496-5 (pbk.)
1. Economics—Sociological aspects. 2. Sociology. 3. United States—Economic conditions—1981–2001. 4. United States—Social conditions—1980- I. Babb, Sarah L. II. Title.
This book is printed on acid-free paper.
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About the Authors[Page vii]
Bruce G. Carruthers is the John D. and Catherine T. MacArthur Professor of Sociology at Northwestern University. He works in the areas of economic sociology, comparative-historical sociology, and the sociology of law. He has authored or coauthored four other books and has had visiting fellowships at the Russell Sage Foundation, Australia National University, and the Radcliffe Institute for Advanced Study. He has also been the recipient of a John Simon Guggenheim Fellowship.
Sarah L. Babb is Professor of Sociology at Boston College. She has published on a variety of topics relating to the economy, such as the internationalization of economics in Mexico, changes in the lending practices of the International Monetary Fund, and the role of Washington politics in shaping the policies of the World Bank.
For their assistance in the revision of this book for a second edition, we would very much like to thank Andrew Schrank, Hannah Johnson, and Elizabeth Yates. Of course, our gratitude to those who helped with the first edition continues.
- Sara Smits, Saint Anselm College-Manchester
- Christi Smith, Indiana University-Bloomington
- Michael Danza, Copper Mountain College-Joshua Tree
- Jesse Fletcher, University of California-Riverside
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