- List of Contributors
- Introduction: Sociology, Social Theory, and Organization Studies, Continuing Entanglements
- Michel Foucault and the Administering of Lives
- Bourdieu and Organizational Theory: A Ghostly Apparition?
- The Making of a Paradigm: Exploring the Potential of the Economy of Convention and Pragmatic Sociology of Critique
- Bruno Latour: An Accidental Organization Theorist
- A Theory of ‘Agencing’: On Michel Callon’s Contribution to Organizational Knowledge and Practice
- Niklas Luhmann as Organization Theorist
- Jürgen Habermas and Organization Studies: Contributions and Future Prospects
- Bhaskar and Critical Realism
- The Comparative Analysis of Capitalism and the Study of Organizations
- C. Wright Mills and the Theorists of Power
- Organizational Analysis: Goffman and Dramaturgy
- Garfinkel and Ethnomethodology
- Rational Choice Theory and the Analysis of Organizations
- Clifford Geertz and the Interpretation of Organizations
- Risk, Social Theories, and Organizations
- Arlie Russell Hochschild: Spacious Sociologies of Emotion
- Discourse and Communication
- The Second Time Farce: Business School Ethicists and the Emergence of Bastard Rawlsianism
- Hayek and Organization Studies
- Social Movement Theory and Organization Studies
- What’s New in the ‘<i>New</i>, New Economic Sociology’ and Should Organization Studies Care?
- Critical Theory and Organization Studies
- British Industrial Sociology and Organization Studies: A Distinctive Contribution
- Anthony Giddens and Structuration Theory
- Engendering the Organizational: Feminist Theorizing and Organization Studies
- Organization Studies and the Subjects of Imperialism
- Space and Organization Studies
- Organization Studies, Sociology, and the Quest for a Public Organization Theory
- What Makes Organization? Organizational Theory as a ‘Practical Science’
Abstract and Keywords
This chapter considers what two sociologies of markets have got to do with organization studies. Special attention is paid to two main strands. First, an overview is given of how economic organizations were understood in the new economic sociology developed (mostly) in the US after M. Granovetter’s essay on embeddedness drew attention to the role played by social networks in economic action. It then turns to how the ‘new new economic sociology’ produced (mostly) in Europe after the performative turn initiated by Callon challenged this account by pointing instead to the role played by devices or agencements in processes like calculation, and qualification that ‘made’ the economic. While stressing the conceptual and methodological differences that distinguish these approaches, the chapter also considers the results of efforts to combine elements from both, for instance in recent studies of valuation, and the particular implications this has for the study of organizations.
Liz McFall is Head of Sociology at the Open University. Her work explores how markets are made especially for dull products like insurance that people don’t really want to buy. Her book Devising Consumption: Cultural Economies of Insurance, Credit and Spending (2014) argues that it takes all sorts of technical, material, artistic, and metaphysical know-how to make people buy in these circumstances—a claim that also informs the Charisma: Consumer Market Studies network she co-founded with Joe Deville. Liz is author of Advertising: A Cultural Economy, co-editor of Conduct: Sociology and Social Worlds, and co-editor of the Journal of Cultural Economy.
José Ossandón is Assistant Professor in the Department of Organization, Copenhagen Business School, Associate Researcher in Instituto de Investigación en Ciencias Sociales, Universidad Diego Portales Chile, and received his PhD from Goldsmiths, University of London. His main areas of interest are the enactment of finance objects, how markets are organized, evaluated, and tamed, and broad contemporary social theory. His PhD thesis focused on the history of private health insurance in Chile and he is currently studying the consumer credit industry.
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