Description - The Sociology of Financial Markets by Cetina Karin Knorr
Financial markets have often been seen by economists as efficient mechanisms that fulfill vital functions within economies. But do financial markets really operate in such a straightforward manner? The Sociology of Financial Markets approaches financial markets from a sociological perspective. It seeks to provide an adequate sociological coneptualization of financial markets, and examine who the actors within them are, how they operate, within which networks, and how these networks are structured. Patterns of trading, trading room coordination, and global interaction are studied to help us better understand how markets work and the types of reasoning behind these trends. Financial markets also have a structural impact on the governance of social and economic institutions. Until now, sociologists have examined issues of governance mostly with respect to the legal framework of financial transactions. Contributions in this book highlight the ways in which financial markets shape the inner working and structure of corporations and their governance. Finally the book seeks to investigate the symbolic aspects of financial markets.
Financial markets affect not only economic and social structures but also societal cultural images and frameworks of meaning. Barbara Czarniawska demonstrates how representations of gender relationships are a case in point. Arguing that financial markets are not simply neutral with respect to questions of gender but enhance certain images and interpretations of men and women. Addressing many important topics from a sociological perspective for the first time, this book will be key reading for academics, researchers, and advanced students of financial markets in Business, Management, Economics, Finance, and Sociology.
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(233mm x 156mm x 18mm)
Oxford University Press
Publisher: Oxford University Press
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Book Reviews - The Sociology of Financial Markets by Cetina Karin Knorr
Author Biography - Cetina Karin Knorr
Alex Preda teaches social theory at the University of Edinburgh, UK. His previous positions were at the universities of Constance and Bielefeld, Germany. He holds a doctorate in sociology from the University of Bielefeld and an M.A. in philosophy from the University of Bucharest. He is the author of AIDS, Rhetoric, and Scientific Knowledge (Cambridge University Press, 2004), among others. His present research focuses on the transatlantic emergence of investor cultures in the late nineteenth century and on the relationship between vernacular economics and academic financial theories.