Economy/Society: Markets, Meanings, and Social Structure

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Carruthers, Bruce, and Sarah L. Babb. Economy/Society: Markets, Meanings, and Social Structure. Thousand Oaks, Calif.: Pine Forge Press, 2000.

About the Authors	vii
Foreword	viii
Acknowledgments	x
1.The Embeddedness of Markets	1
Markets and Their Alternatives	2
Markets and Their Preconditions	5
The Embeddedness of Markets	7
The Consequences of Markets	10
The Variety of Capitalisms	10
Outline of the Book	12
2.Marketing and the Meaning of Things	15
Things and Meaning	20
Commodities as Gifts	23
Consumerism	26
Consumerism and Globalization	41
Conclusion	43
3.Networks in the Economy	45
What Is a Network?	48
Why Networks Matter	49
Individual Networks	53
Interorganizational Networks	59
The Importance of Networks in Markets	65
Conclusion	69
4.Organizations and the Economy	71
The Power of the Boss	73
Organizations and Internal Labor Markets	78
The Organizational Context for Conflict	84
Workplace and Personal Life	86
The Formation of an Organizational Economy	89
Conclusion	98
5. Economic Inequality	101
Inequality in Perspective	103
Inequality and Efficiency	109
Recent Trends in Inequality	112
Race, Gender, and Inequality	120
Conclusion	140
6. Economic Development	143
Economic Development Defined	145
From The Wealth of Nations to Neoliberalism	148
Toward a New Sociology of Development	161
Conclusion	180
7.Globalization	181
The Origins of Globalization	182
Globalization Today	186
Globalization and the Future of Market Embeddedness	197
Conclusion	213
8.Conclusion	217
Markets and Their Side Effects	218
The Embeddedness of Markets	222
The Future of Economy and Society	225
References	227
Glossary/Index	243