The contentiousness of markets: Politics, social movements, and institutional change in markets

Research output: Contribution to journalArticlepeer-review

262 Scopus citations

Abstract

While much of economic sociology focuses on the stabilizing aspects of markets, the social movement perspective emphasizes the role that contentiousness plays in bringing institutional change and innovation to markets. Markets are inherently political, both because of their ties to the regulatory functions of the state and because markets are contested by actors who are dissatisfied with market outcomes and who use the market as a platform for social change. Research in this area focuses on the pathways to market change pursued by social movements, including direct challenges to corporations, the institutionalization of systems of private regulation, and the creation of new market categories through institutional entrepreneurship. Much contentiousness, while initially disruptive, works within the market system by producing innovation and restraining capitalism from destroying the resources it depends on for survival.

Original languageEnglish (US)
Pages (from-to)249-267
Number of pages19
JournalAnnual Review of Sociology
Volume36
DOIs
StatePublished - Aug 20 2010

Keywords

  • corporate social responsibility
  • economic sociology
  • framing
  • institutional entrepreneurship
  • oppositional identities
  • private regulation
  • resource mobilization

ASJC Scopus subject areas

  • Sociology and Political Science

Fingerprint Dive into the research topics of 'The contentiousness of markets: Politics, social movements, and institutional change in markets'. Together they form a unique fingerprint.

Cite this