The Sociology of Financial Markets (repost)
The Sociology of Financial Markets By Karin Knorr Cetina, Alex Preda
Publisher: O U P 2004 | 332 Pages | ISBN: 0199275599 | PDF | 1 MB
Publisher: O U P 2004 | 332 Pages | ISBN: 0199275599 | PDF | 1 MB
Financial markets have often been seen by economists as efficient mechanisms that fulfill vital functions within economies. But do financial markets really operate in such a straightforward manner? The Sociology of Financial Markets approaches financial markets from a sociological perspective. It seeks to provide an adequate sociological conceptualization of financial markets, and examine who the actors within them are, how they operate within which networks, and under which cognitive and cultural assumptions. Patterns of trading, trading room coordination, cognition and emotions, and global interaction are studied to help us better understand how markets work and the types of reasoning underlying these institutions. Financial markets also have a structural impact on the governance of social and economic institutions.