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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 unruly dynamism that capitalism brings with it, leading sociologist Neil Fligstein argues that the basic drift of any one market and its actors, even allowing for competition, is toward stabilization. The Architecture of Markets represents a major and timely step beyond recent, largely empirical studies that oppose the neoclassical model of perfect competition but provide sparse theory toward a coherent economic sociology. Fligstein offers this theory. With it he interprets not just globalization and the information economy, but developments more specific to American capitalism in the past two decades--among them, the 1980s merger movement.He makes new inroads into the "theory of fields," which links the formation of markets and firms to the problems of stability. His political-cultural approach explains why governments remain crucial to markets and why so many national variations of capitalism endure. States help make stable markets possible by, for example, establishing the rule of law and adjudicating the class struggle. State-building and market-building go hand in hand. Fligstein shows that market actors depend mightily upon governments and the members of society for the social conditions that produce wealth. He demonstrates that systems favoring more social justice and redistribution can yield stable markets and economic growth as readily as less egalitarian systems. This book will surely join the classics on capitalism. Economists, sociologists, policymakers, and all those interested in what makes markets function as they do will read it for many years to come.

The inspiration for such works as Joseph Heller's Catch-22, Jaroslav Hasek's The Architecture of Markets: An Economic Sociology of Twenty-First-Century Capitalist Societies download epub black satire The Good Soldier Svejk is translated with an introduction by Cecil Parrott in Penguin Classics. Good-natured and garrulous, Svejk becomes the Austro-Hungarian army's most loyal Czech soldier when he is called up on the outbreak of the First World War - although his bumbling attempts to get to the front serve only to prevent him from reaching it. Playing cards, getting drunk and becoming a general nuisance, the resourceful Svejk uses all his natural cunning and genial subterfuge to deal with the doctors, police, clergy and officers who chivvy him towards battle. The story of a 'little man' caught in a vast bureaucratic machine, The Good Soldier Svejk combines dazzling wordplay and piercing satire to create a hilariously subversive depiction of the futility of war. Cecil Parrott's vibrant, unabridged and unbowdlerized translation is accompanied by an introduction discussing Hasek's turbulent life as an anarchist, communist and vagranty, and the Everyman character of Svejk. This edition also includes a guide to Czech names, maps and original illustrations by Josef Ladas.

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Author: Neil Fligstein
Number of Pages: 288 pages
Published Date: 06 Oct 2002
Publisher: Princeton University Press
Publication Country: New Jersey, United States
Language: English
ISBN: 9780691102542
Download Link: Click Here
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