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date: 28 February 2020

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.

Keywords: markets, devices, agencement, social networks, performativity, calculation, qualification, valuation.

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