Markets as Cultures: An Ethnographic Approach

Mitchel Y. Abolafia

154 citations0/0 files storedThe Sociological Review

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Anthropological Studies and Insights Management and Organizational Studies Cross-Cultural and Social Analysis

Abstract

The approach to the markets as cultures supposes at least three fields of studies: constitutive rules and roles; local rationality; dynamics of authorities and changes. The paper deals with each of the fields. The methodological issues of the study the markets as cultures are discussed after that. The author supports his statement by giving examples of his own ethnographic studies of the stock exchange, bond market and futures markets on the Wall-street.

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References

1985Economic Action and Social Structure: The Problem of Embeddedness 1982Judgment under Uncertainty 1982Judgment under uncertainty: Causality and attribution 1996Institutions and Organizations.1996Markets as Politics: A Political-Cultural Approach to Market Institutions 2002Markets as Politics: A Political‐Cultural Approach to Market Institutions 1984The Social Structure of a National Securities Market 1997Making markets: opportunism and restraint on Wall Street

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