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Markets and Society

Page history last edited by David Touve 15 years, 2 months ago

 Markets and Society

 

Submitted by: Brayden King

 

Recommended texts:

Abramson, Bruce.  2005.  Digital Phoenix: Why the Information Economy Collapsed and How it Will Rise Again.  Cambridge: MIT Press.

Dobbin, Frank, editor.  2004.  The New Economic Sociology: A Reader.  Princeton, NJ: Princeton University Press.

Healy, Kieran.  2006.  Last Best Gifts: Altruism and the Market for Human Blood and Organs. Chicago, IL: University of Chicago Press.

Shiller, Robert.  2005.  Irrational Exuberance, 2nd Edition.  Princeton, NJ: Princeton University Press.

Surowiecki, James.  2004.  The Wisdom of Crowds.  New York: Anchor Books.

 

Week 1:  What is a market?

January 9:    Introduction to class

Jan 11:        Markets

Reading:    Lindblom, Charles.  2001.  Pp. 19-51 in The Market System.  New Haven, CT: Yale University Press.

Week 2:  Information and collective decision-making

Jan 16:         Smart crowds

        Reading:    Surowiecki, pp. 1-65

Jan 18:         Decentralized coordination

        Reading:    Surowiecki, pp. 66-107

               

Week 3:  The stock market bubble

Jan 23:         Precipitating factors of the bubble

        Reading:    Shiller, pp. 1-81               

Jan 25:        Cultural factors

        Reading:    Shiller, pp. 85-143

        Memo 1 assigned

Week 4:  Behavioral economics

Jan 30:        The psychology of the market

        Readings:    Shiller, pp. 147-173

&

Taleb, Nassim Nicholas.  2004.  Pp. 77-92 in Fooled by Randomness.  New York: Texere.

        Memo 1 due

Feb 1:        The efficient market hypothesis and its discontents

        Reading:    Shiller, pp. 177-230

       

Week 5:  Institutions and markets

Feb 6:        Institutional antecedents to capitalism

        Reading:    Dobbin, chp. 2

        Memo due

Feb 8:        The legal underpinnings of capitalism               

Reading:    De Soto, Hernando.  2000.  Chp. 3 in The Mystery of Capital.  New York: Basic Books.

                &

                Abramson, pp. 28-49

Week 6:  Competition and control

Feb 13:        Antitrust and market control

        Reading:      Dobbin, chp. 15

                &

                Abramson, pp. 51-79

Feb 15:        The market behavior of Microsoft

        Reading:    Abramson, pp. 111-170

        Midterm exam review

Week 7:  Midterm

Feb 20:        No class – Monday schedule due to holiday

Feb 22:        Midterm exam

Week 8:  Cooperation, competition, and control

Feb 27:     Incentives and designing cooperation

        Reading:    Surowiecki, pp. 108-172

March 1:    Centralized decision-making

        Reading:    Surowiecki, pp. 173-223

        Memo 2 assigned

Week 9:    Networks and exchange

March 6:    Embeddedness

        Reading:    Dobbin, chp. 9

        Memo 2 due

March 8:    Embedded capital

        Reading:    Dobbin, chp. 10 and 13

Week 10:  The social structure of competition

March 13:    Structural holes

        Reading:     Dobbin, chp. 12

March 15:     Structure and identity

        Reading:    Dobbin, chp. 11

       

Week 11:  Institutional theory

March 20:    Isomorphism and decoupling

        Reading:    Dobbin, chp. 3 and 4

March 22:    Institutionalization of organizational forms

        Reading:    Dobbin, chp. 7

Week 12:  Culture and exchange

March 27:    Cultural conceptions of value

        Reading:    Dobbin, chp. 5   

                &

Healy, pp. 1-22

        Case study outline due

March 29:    Altruism

        Reading:    Healy, pp. 23-69

        Memo 3 assigned

Week 13:  The organization of markets

April 3:      The organizations of blood and organ donation

        Reading:     Healy, pp. 70-132

        Memo 3 due

April 5:      The organization of underground markets

Reading:    Venkatesh, Sudhir Alladi and Steven D. Levitt.  “’Are we a family or a business?’ History and disjuncture in the urban American street gang.” Theory and Society  29: 427-462.

Week 14:  Economics and exchange

April 10:      Economics as a self-fulfilling prophecy

Reading:    Ferraro, Fabrizio, Jeffrey Pfeffer, and Robert Sutton.  2005.  “Economics Language and Assumptions: How Theories Can Become Self-Fulfilling.”  Academy of Management Review.  30: 8-24.

April 12:    Non-economic exchange

        Reading:    Abramson, pp. 171-240.

Week 15:  Review

April 17:    Final exam review

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