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Culture and Markets: How Economic Sociology Conceptualizes Culture

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  • Peter Levin

    (Barnard College)

Abstract

Current ways of addressing culture in the sociology of markets are incomplete. One approach treats culture as constitutive of markets (markets are culture), while the other treats culture as something affecting markets (markets have culture). This division corresponds to markets that are more or less “settled.†The author outlines the history and shortcomings of this duality and proposes a more dimensional approach to culture and markets that more fully integrates culture into economic sociology.

Suggested Citation

  • Peter Levin, 2008. "Culture and Markets: How Economic Sociology Conceptualizes Culture," The ANNALS of the American Academy of Political and Social Science, , vol. 619(1), pages 114-129, September.
    • Handle: RePEc:sae:anname:v:619:y:2008:i:1:p:114-129
    DOI: 10.1177/0002716208319904
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    References listed on IDEAS

    as
    1. Donald MacKenzie, 2006. "An Engine, Not a Camera: How Financial Models Shape Markets," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262134608, December.
    2. Daniel Beunza & David Stark, 2004. "Tools of the trade: the socio-technology of arbitrage in a Wall Street trading room," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 13(2), pages 369-400, April.
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