Economic sociology is an expanding field, applying sociology's core insight - that individuals behave according to scripts that are tied to social roles - to economic behavior. This book comprises twenty of the representative and read articles in the field's history.

ACKNOWLEDGMENTS ix CHAPTER 1 The Sociological View of the Economy Frank Dobbin 1 INSTITUTIONS CHAPTER 2 From The Protestant Ethic and the Spirit of Capitalism by Max Weber 49 CHAPTER 3 Institutionalized Organizations: Formal Structure as Myth and Ceremony by John W. Meyer and Brian Rowan 86 CHAPTER 4 The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields by Paul J.DiMaggio and Walter W. Powell 111 CHAPTER 5 From Pricing the Priceless Child: The Changing Social Value of Children by Viviana A. Zelizer 135 CHAPTER 6 The Social Construction of Organizations and Markets: The Comparative Analysis of Business Recipes by Richard Whitley 162 CHAPTER 7 The Declineand Fall of the Conglomerate Firm in the 1980s: The Deinstitutionalization of an Organizational Form by Gerald F. Davis, Kristina A. Diekmann, and Catherine H. Tinsley 188 NETWORKS CHAPTER 8 From The Division of Labor in Society by Emile Durkheim 227 CHAPTER 9 Economic Action and Social Structure: The Problem of Embeddedness by Mark Granovetter 245 CHAPTER 10 Embeddedness and Immigration: Notes on the Social Determinants of Economic Action by Alejandro Portes and Julia Sensenbrenner 274 CHAPTER 11 A Structural Approach to Markets by Eric M. Leifer and Harrison C. White 302 CHAPTER 12 From Structural Holes: The Social Structure of Competition by Ronald S. Burt 325 CHAPTER 13 Embeddedness in the Making of Financial Capital: How Social Relations and Networks Benefit Firms Seeking Financing by Brian Uzzi 349 POWER CHAPTER 14 From The German Ideology by Karl Marx 387 CHAPTER 15 From The Transformation of Corporate Control by Neil Fligstein 407 CHAPTER 16 From Socializing Capital: The Rise of the Large Industrial Corporation in America by William G. Roy 433 CHAPTER 17 From City of Capital: Politics and Markets in the English Financial Revolution by Bruce G. Carruthers 457 COGNITION CHAPTER 18 From The Elementary Forms of the Religious Life by Emile Durkheim 485 CHAPTER 19 From The Social Construction of Reality: A Treatise in the Sociology of Knowledge by Peter L. Berger and Thomas Luckmann 496 CHAPTER 20 From Organizations: Cognitive Limits on Rationality by James G. March and Herbert A. Simon 518 CHAPTER 21 From Sensemaking in Organizations by Karl E. Weick 533 INDEX 553

"This anthology will be very useful for students of economic sociology at both the graduate or undergraduate level, and others who simply want an overview of this growing field will find it a valuable addition to their personal library. Dobbin's introduction is a highly intelligent, synthetic essay that both motivates the field and highlights its distinctive contributions."—Bruce Carruthers, Northwestern University, coauthor of Economy/Society: Markets, Meanings, and Social Structure

"This anthology will be very useful for students of economic sociology at both the graduate or undergraduate level, and others who simply want an overview of this growing field will find it a valuable addition to their personal library. Dobbin's introduction is a highly intelligent, synthetic essay that both motivates the field and highlights its distinctive contributions."—Bruce Carruthers, Northwestern University, coauthor of Economy/Society: Markets, Meanings, and Social Structure

This anthology will be very useful for students of economic sociology at both the graduate or undergraduate level, and others who simply want an overview of this growing field will find it a valuable addition to their personal library. Dobbin's introduction is a highly intelligent, synthetic essay that both motivates the field and highlights its distinctive contributions. -- Bruce Carruthers, Northwestern University, coauthor of "Economy/Society: Markets, Meanings, and Social Structure"