1 Princeton University Sociology 541: Economic
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PRINCETON UNIVERSITY SOCIOLOGY 541: ECONOMIC SOCIOLOGY SOCIAL TIES, CULTURE, AND ECONOMIC PROCESSES Fall 2010 Wednesdays 11 AM-2PM Wallace Hall 190 Professor Viviana Zelizer Telephone: 8-4557 [email protected] ================================================================== = In compressed form, this six-week course provides an introduction to economic sociology seen not as a subordination of sociology to economics but as the sociological explanation of economic phenomena. As it has developed over the past twenty-five years, economic sociology has concentrated on two activities: first, the extension of economic models to social phenomena rarely examined by economists, and second, the study of contexts that constrain the operation of economic processes as usually understood by economists. In line with these two preoccupations, economic sociologists have focused on firms and markets. This course emphasizes a third activity, the search for alternative accounts of phenomena that most specialists have explained using economic concepts and theory. In particular, it seeks sociological explanations of production, consumption, and distribution. After a general orientation to economic sociology as a whole, the course explores economic activities in an unconventionally wide range of settings including households, informal sectors, gift economies, and consumption. The course culminates with the analysis of compensation systems as a point of confrontation between conventional and alternative accounts of economic phenomena. REQUIREMENTS: 1. Readings: (a) Required readings: All students must read in preparation for class discussion and reports, (b) Recommended readings identify valuable paths to and from the week's topic. Readings will be available in the Sociology Department mailroom. You should return them immediately after reading or photocopying. If you are able to download copies of some readings from the web, please feel free to do so. 2. Reports: Over the course of the six weeks each student prepares a total of three written reports. The first two reports consist of short critical essays concerning three or four of the current week’s readings, of no more than 1,000 words; we will work out student responsibilities for sessions and particular readings in class. These reports serve as a basis for class presentation and discussion; students should circulate their reports electronically to the class by no later than 5 PM the Monday preceding the class 1 session. Depending on class size, we may organize formal responses to these statements by other class members. The reports should focus on the following issues; a. what question is addressed by the author(s)? b. what is the significance of that question for key issues in the field? c. what are competing answers to that question? d. how well does the author address that question, in terms of logic and methodology? e. what would be a different, valid way of addressing the same question, preferably one you regard as superior? (Note: Depending on course enrollment we will modify the number and kind of assignments during our first session). The third report, also of no more than 1,000 words, is due on Wednesday November 10. It will take up one of the following three options: 1. A brief research proposal based on one of the seminar's subjects or another topic to be chosen in consultation with instructor. 2. A national tradition in economic sociology. 3. Intellectual biography of one of the course’s authors. For topics 2 or 3 the report should include: a. an exposition of the tradition or author b. at least one illustration confirming your description c. a brief critique, indicating strengths and weaknesses d. a tentative explanation of this work's distinctive properties If possible, identify changes either in the work of the author or in the national tradition. 2 WEEK 1 (September 22) ANALYSES OF ECONOMIC PROCESSES Required: Neil J. Smelser and Richard Swedberg, "Introducing Economic Sociology," in The Handbook of Economic Sociology, second edition, edited by Neil Smelser and Richard Swedberg. New York: Russell Sage Foundation and Princeton: Princeton University Press, 2005, pp.3-25. Viviana Zelizer, “Pasts and Futures of Economic Sociology.” American Behavioral Scientist, 50 (April 2007): 1056-69. Alejandro Portes, Economic Sociology. A Systematic Inquiry. Princeton: Princeton University Press, 2010, chapters 1 and 2; pp. 1-26; chapter 7, pp. 130-161. Paul DiMaggio, "Culture and Economy," in The Handbook of Economic Sociology, edited by Neil Smelser and Richard Swedberg. New York: Russell Sage Foundation and Princeton: Princeton University Press, 1994, pp. 27-57. Brian Uzzi, “Social Structure and Competition in Interfirm Networks: The Paradox of Embeddedness,” Administrative Science Quarterly 42 (1997): 35-67. Donald MacKenzie, Fabian Muniesa, and Lucia Siu. “Introduction,” in Do Economists Make Markets? On the Performativity of Economics. Princeton: Princeton University Press, 2007, pp. 1-19. Recommended: Nina Bandelj, “The Global Economy as Instituted Process.” American Sociological Review 74 (February 2009): 128-149. Gary Becker, Accounting for Tastes. Cambridge, Mass.: Harvard University Press, 1996, chapter 7, "The Economic Way of Looking at Life." Michel Callon, “The Embeddedness of Economic Markets in Economics,” in The Laws of the Markets, edited by Michel Callon. Oxford: Blackwell, 1998, pp. 1-57. Marion Fourcade-Gourinchas and Sarah Babb, “Neoliberalism in Four Countries,” American Journal of Sociology 108 (2002):533-79. Robert Gibbons, “What is Economic Sociology and Should any Economists Care?” The Journal of Economic Perspectives 19 (Winter 2005): 3-7. Mark Granovetter, “The Impact of Social Structure on Economic Outcomes,” The Journal of Economic Perspectives 19 (Winter 2005): 33-50. Paul Ingram and Peter W. Roberts, “Friendships among Competitors in the Sydney Hotel Industry,” American Journal of Sociology 106 (2000): 387-423. Greta Krippner and Anthony S. Alvarez, “Embeddedness and the Intellectual Projects of Economic Sociology.” Annual Review of Sociology 33(2007): 219-40. Peter Levin, “Culture and Markets: How Economic Sociology Conceptualizes Culture,” Annals of the American Academy of Political and Social Science 619 (2008): 114-129. 3 WEEK 2 (September 29) VARIETIES OF ECONOMIC TRANSACTIONS Required: Marion Fourcade and Kieran Healy, “Moral Views of Market Society,” Annual Review of Sociology 33 (2007): 285-311 Chris Tilly and Charles Tilly, Work Under Capitalism. Boulder, Colorado: Westview, 1998, chapter 1, “How To Work Things Out," pp. 1-20; chapter 2, "Worlds of Work," pp.21-35. Charles Smith, "Auctions: From Walras to the Real World," in Explorations in Economic Sociology, edited by Richard Swedberg. New York: Russell Sage Foundation, 1993, pp. 176-192. Paula England and Nancy Folbre, “Gender and Economic Sociology,” in The Handbook of Economic Sociology, second edition, edited by Neil Smelser and Richard Swedberg. New York: Russell Sage Foundation and Princeton: Princeton University Press, 2005, pp. 627-49. Nicole Woolsey Biggart, and Rick Delbridge, “Systems of Exchange,” Academy of Management Review 29 (2004): 28-49. Viviana Zelizer, “Circuits in Economic Life,” European Economic Sociology Newsletter 1: November 2006: 30-5. Viviana Zelizer, “Money, Power, and Sex,” 18 Yale Journal of Law and Feminism 303 (2006). Recommended: Mitchel Y. Abolafia, Making Markets. Cambridge: Harvard University Press, 1996, Introduction and chapter 1, "Homo Economicus Unbound: Bond Traders on Wall Street." Nicole Woolsey Biggart, “Banking on Each Other: The Situational Logic of Rotating Savings and Credit Associations,” Advances in Qualitative Organization Research (2001) 3: 129-53. Asaf Darr, “Gifting Practices and Interorganizational Relations: Constructing Obligation Networks in the Electronics Sector.” Sociological Forum 18 (2003): 31-51. Paul Ingram and Xi Zou, “Business Friendships,” Research in Organizational Behavior 28 (2008):167- 184. Alya Guseva, and Akos Rona-Tas, “Uncertainty, Risk, and Trust: Russian and American Credit Card Markets Compared,” American Sociological Review 66 (2001): 623-46. Kieran Healy, “Organizational Altruism: The Case of Organ Procurement, “ American Sociological Review 69 (2004): 387-404. Karin Knorr Cetina and Urs Bruegger, "Global Microstructures: The Virtual Societies of Financial Markets," American Journal of Sociology 107 (2002): 905-950. Michèle de La Pradelle, Market Day in Provence, Chicago : University of Chicago Press, 2006. Laurel Smith-Doerr and Woody Powell, “Networks and Economic Life,” in The Handbook of Economic 4 Sociology, 2d edition, 2005, pp. 379-402. WEEK 3 (October 6) TRANSACTION MEDIA Required: Viviana Zelizer, "Sociology of Money," in Neil J. Smelser and Paul B. Baltes, editors, International Encyclopedia of the Social & Behavioral Sciences 15: 9991-4. Amsterdam: Elsevier, 2001. Kieran Healy, Last Best Gifts. Chicago: University of Chicago Press, 2006, chapter 1 “Exchange in Human Goods,” and chapter 6, “Managing Gifts, Making Markets.” Eric Helleiner, "One Market, One People? The Euro and Political Identities,” in Before and Beyond the Euro, edited by P. Crowley. London: Routledge, 2002, pp. 183-202. Caroline Humphrey, “’Icebergs, Barter, and the Mafia in Provincial Russia.” Anthropology Today 7 (April 1991): 8-13. Richard H. Thaler, “Mental Accounting Matters,” Journal of Behavioral Decision Making 12 (1999): 183- 206. Loïc Wacquant, “A fleshpeddler at work: Power, pain, and profit in the prizefighting economy,”