• If you are citizen of an European Union member nation, you may not use this service unless you are at least 16 years old.

  • Whenever you search in PBworks, Dokkio Sidebar (from the makers of PBworks) will run the same search in your Drive, Dropbox, OneDrive, Gmail, and Slack. Now you can find what you're looking for wherever it lives. Try Dokkio Sidebar for free.


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

Comments (0)

You don't have permission to comment on this page.