ISBN:
9780857242068
,
0857242067
Language:
English
Pages:
1 Online-Ressource (xv, 330 Seiten)
Edition:
1st ed
Series Statement:
Research in the sociology of organizations v. 30A.
Series Statement:
Research in the sociology of organizations
Parallel Title:
Erscheint auch als
Parallel Title:
Erscheint auch als
DDC:
306.3
Keywords:
Global Financial Crisis (2008-2009)
;
2001 - 2009
;
SOCIAL SCIENCE / Anthropology / Cultural
;
POLITICAL SCIENCE / Public Policy / Cultural Policy
;
SOCIAL SCIENCE / Popular Culture
;
Economic history
;
Economics / Sociological aspects
;
Wirtschaft
;
Wirtschaft. Geschichte
;
Economics Sociological aspects
;
Global Financial Crisis, 2008-2009
Note:
Includes bibliographical references
,
Part A. Markets on trial: toward a policy-oriented economic sociology / Michael Lounsbury and Paul M. Hirsch -- The anatomy of the mortgage securitization crisis / Neil Fligstein and Adam Goldstein -- The structure of confidence and the collapse of Lehman Brothers / Richard Swedberg -- The role of ratings in the subprime mortgage crisis: the art of corporate and the science of consumer credit rating / Akos Rona-Tas and Stefanie Hiss -- Knowledge and liquidity: institutional and cognitive foundations of the subprime crisis / Bruce G. Carruthers -- Terminal isomorphism and the self-destructive potential of success: lessons from subprime mortgage origination and securitization / Jo-Ellen Pozner, Mary Katherine Stimmler and Paul Hirsch -- A normal accident analysis of the mortgage meltdown / Donald Palmer and Michael Maher -- The global crisis of 2007-2009: markets, politics, and organizations / Mauro F. Guillén and Sandra L. Suárez -- Regulating or redesigning finance? Market architectures, normal accidents, and dilemmas of regulatory reform / Marc Schneiberg and Tim Bartley -- The meltdown was not an accident / Charles Perrow
,
Since the mid-20th century, organizational theorists have increasingly distanced themselves from the study of core societal power centers and important policy issues of the day. This has been driven by a shift away from the study of organizations, politics, and society and towards a more narrow focus on instrumental exchange and performance. As a result, our field has become increasingly impotent as a critical voice and contributor to policy. For a contemporary example, witness our inability as a field to make sense of the recent U.S. mortgage meltdown and concomitant global financial crisis. It is not that economic and organizational sociologists have nothing to say. The problem is that while we have a great deal of knowledge about finance, the economy, entrepreneurship and corporations, we fail to address how the knowledge in our field can be used to contribute to important policy issues of the day. This double-volume brings together some of the very top scholars in the world in economic and organizational sociology to address the recent global financial crisis debates and struggles around how to organize economies and societies around the world
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