Talking About Organizations Podcast podcast

123: Markets as Politics -- Neil Fligstein (Summary of Episode)

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We will cover the economic sociology of Neil Fligstein, who countered the dominant 1990s-era neoclassical view of economics that failed to explain well various market behaviors being observed at the time. He argued for an alternative paradigm – a “political-cultural” model that suggested that the formation of markets was part of “state building” and subjected to various social institutions that belonged to the state.

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