Markets on trial: toward a policy-oriented economic sociology

Abstract

Our volume is comprised of six sections: (1) the crisis; (2) its similarities to, and differences from being a “normal accident;” (3) sociological and historical explanations for the meltdown; (4) analyses of comparable speculative bubbles and business cycles; (5) international parallels and consequences; (6) analysis of how we might approach the future development of society and economy; and also a section of postscripts for looking ahead to future policy and prevention. Each contribution addresses its main topic, and concludes with practical policy recommendations for a better future.

Citation

Lounsbury, M. and Hirsch, P.M. (2010), "Markets on trial: toward a policy-oriented economic sociology", Lounsbury, M. and Hirsch, P.M. (Ed.) Markets on Trial: The Economic Sociology of the U.S. Financial Crisis: Part B (Research in the Sociology of Organizations, Vol. 30 Part B), Emerald Group Publishing Limited, Leeds, pp. 5-26. https://doi.org/10.1108/S0733-558X(2010)000030B029