The Institutional Foundations of Capitalism

The Institutional Foundations of Capitalism

Northwestern University & the University of Chicago
Chicago - USA
July 10-12, 2014

SASE Bookshelf

We asked for resources and must-reads from SASE network and mini-conference organizers related to their fields.

Alya Guseva and Akos Rona Tas

Alya Guseva and Akos Rona Tas co-organize Network N, Finance and Society, and recommend the following readings:

  • An Engine not a Camera: How Financial Models Shape Markets(2006), Donald A. MacKenzie. Pop Finance: Investment Clubs and New Investor Populism (2008), Brooke Harrington.Sociology of Financial Markets (2005), edited by Karin Knorr Cetina and Alex Preda. The Permanent Tax Revolt: How the Property Tax Transformed American Politics (2008), Isaac W. Martin. Financing the American Dream: A Cultural History of Consumer Credit (2001), Lendol Calder.
  • Some articles: Daniel Beunza and David Stark (2004), Tools of the Trade: The Socio-Technology of Arbitrage in a Wall Street Trading Room, Industrial and Corporate Change, 13(2): 369–400. Charles W. Smith (2007), Markets as Definitional Practices, Canadian Journal of Sociology, 32(1): 1–39. Jocelyn Pixley (2009), Time Orientation and Emotion-Rules in Finance, Theory and Society, 38(4):3830-400. Erik Larson (2010), Time and the Constitution of Markets: Internal Dynamics and External Relations of Stock Exchanges in Fiji, Ghana and Iceland, Economy and Society, 39(4):460-487. Sarah Quinn(2008), The Transformation of Morals in Markets: Death, Benefits, and the Exchange of Life Insurance Policies, American Journal of Sociology, 114(3):738-780.
  • Recent popular literature on the financial crisis and Wall Street: When Genius Failed: The Rise and Fall of Long-Term Capital Management (2001) by Roger Lowenstein. Too Big to Fail: The Inside Story of How Wall Street Fought to Save the Financial System – and Themselves (2009) by Andrew Ross Sorkin. The Big Short: Inside the Doomsday Machine (2010) by Michael Lewis. How Markets Fail: The Logic of Economic Calamities (2010) by John Cassidy. All the Devils Are Here: The Hidden History of the Financial Crisis (2010) by Bethany McLean and Joe Nocera. My Life as a Quant: Reflections on Physics and Finance (2004) by Emanuel Derman. A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation (2008) by Richard Bookstaber. Traders, Guns and Money: Knowns and unknowns in the dazzling world of derivatives (2010) by Satyajit Das.
Diego Sanchez-Ancochea and Aaron Major

Aaron Major and Diego Sanchez-Ancochea recommend the following readings for their mini-conference, Development in Crisis:

  • Esteban Pérez Caldentey and Matías Vernengo, 2010, All is quiet on the fiscal front: Fiscal policy for the global economic crisis, Working Paper No: 2010-02, University of Utah, Department of Economics, read pdf.
  • Liaquat Ahamed (2010), Lords of Finance, Penguin Press. Sarah Babb (2009), Behind the Development Banks, University of Chicago Press. Nina Bandelj (2009), The global economy as instituted process, American Sociological Review 74: 128-149. Jeffrey Chwieroth (2010), Capital Ideas, Princeton University Press. Jacob S. Hacker and Paul Pierson (2010), Winner-Take-All Politics: Public Policy, Political Organization, and the Precipitous Rise of Top Incomes in the United States, Politics & Society 38: 152-204. Andreas Wimmer and Yuval Feinstein (2010), The Rise of the Nation-State across the World, 1816 to 2001, American Sociological Review, 75.
Sabina Avdagic and Luccio Baccaro

Sabina Avdagic and Luccio Baccaro co-organize Network E: Industrial Relations and the Political Economy, and offer these new resources for those interested in the main topics covered by their network:

Kerstin Hamann and John Kelly, Parties, Elections and Policy Reforms in Western Europe: Voting for Social Pacts (Routledge, 2010).
Sabina Avdagic, Martin Rhodes and Jelle Visser, eds. Social Pacts in Europe: Emergence, Evolution and Institutionalization (Oxford University Press, 2011).
  • On institutional change in contemporary capitalisms we suggest Wolfgang Streeck, Re-Forming Capitalism: Institutional Change in the German Political Economy (Oxford University Press, 2009).
  • On the role of business in policy-making we suggest Pepper Culpepper, Quiet Politics and Business Power: Corporate Control in Europe and Japan (Cambridge University Press, 2010)
David Bartram

David Bartram co-organizes Network I: Race, Ethnicity, and Immigration, and recommends these resources for those interested in his topic:

  • Joanna Dreby (2010), Divided By Borders: Mexican Migrants and their Children, Berkeley: University of California Press. Daniel Gilbert, (2006), Stumbling on happiness,New York: HarperCollins.
Gary Gereffi

Gary Gereffi co-organizes Network O, Global Value Chains, and offers these new resources for those interested in his topic:

  • The World Bank has just released Global Value Chains in a Postcrisis World: A Development Perspective, available here through the World Bank's eLibrary. A pdf version of the book can be accessed and downloaded from the CGGC website at Duke University. The book focuses on how the structure and dynamics of various global industries have been affected by the global economic crisis of 2008-09.
  • A newly released special issue of the journal, Business and Politics, on "Private Regulation in the Global Economy" may also be of interest; there are a number of articles there that relate quite closely to core topics in SASE.
  • A related program at Duke called "Rethinking Regulation," organized by Ed Balleisen in the History Department, might also be a source of ideas and intellectual exchange with SASE.