Social studies of finance

Social studies of finance

Social studies of finance is an interdisciplinary research area that combines perspectives from economic sociology, science and technology studies, international political economy, behavioral finance, cultural studies and/or economics in the study of financial markets. Work in social studies of finance emphasize the social and cultural dimension of financial activities, but focus also on technical and economic dimensions such as pricing and trading.

History

Financial markets have been an object for sociological inquiry since, at least, Max Weber’s "Die Börse". The raise of quantitative financial theory in financial economics from the 1950s onwards has led to an academic specialization on financial markets rather focused on economic modeling, and poorly attentive to sociological aspects. In the 1980s, a number of economic sociologists developed empirical investigation on the social structure and cultural characteristics of financial markets, especially in the US. Such pioneering researcher included contributions from Wayne E. Baker, Mitchel Y. Abolafia and Charles W. Smith, and was based on methods such as ethnographic observation or social network analysis. In the 1990s, a number of researchers from the field of science and technology studies such as Karin Knorr-Cetina and Donald A. MacKenzie started also developing empirical research in this area, with close attention to the role of expert knowledge and technology in financial activities.

Main topics

Research topics in social studies of finance include the cultural world and work habits of traders and other professionals in financial markets, the globalization and regulation of financial services, the processes of innovation in the financial industry and the problems of risk and uncertainty that characterize such processes.

Major references

* Adler, Patricia A. and Adler, Peter (eds) (1984) "The Social Dynamics of Financial Markets", Greenwich (Connecticut): The JAI Press. ISBN 0-89232-435-X
* Bernstein, Peter (1993) "Capital Ideas: The Improbable Origins of Modern Wall Street", New York: The Free Press. ISBN 0-02-903012-9
* Abolafia, Mitchel Y. (1997) "Making Markets: Opportunism and Restraint on Wall Street", Cambridge (Massachusetts): Harvard University Press. ISBN 0-674-54324-6
* Hertz, Ellen (1998) "The Trading Crowd: An Ethnography of the Shanghai Stock Market", Cambridge: Cambridge University Press. ISBN 0-521-56497-2
* Carruthers, Bruce (1999) "City of Capital: Politics and Markets in the English Financial Revolution", Princeton: Princeton University Press. ISBN 0-691-04455-4
* Smith, Charles W. (1999) "Success and Survival on Wall Street: Understanding the Mind of the Market", Lanham (Maryland): Rowman & Littlefield. ISBN 0-8476-9490-9
* Godechot, Olivier (2001) "Les Traders: Essai de Sociologie des Marchés Financiers", Paris: La Découverte. ISBN 2-7071-3385-X
* Knorr Cetina, Karin and Preda, Alex (eds) (2004) "The Sociology of Financial Markets", Oxford: Oxford University Press. ISBN 0-19-927559-9
* MacKenzie, Donald (2006) "An Engine, not a Camera: How Financial Models Shape Markets", Cambridge (Massachusetts): The MIT Press. ISBN 0-262-13460-8

External links

* [http://www.sociology.ed.ac.uk/finance/ Social Studies of Finance web resource (University of Edinburgh)]
* [http://ssfa.free.fr/ Social Studies of Finance Association (France)]
* [http://www.jiscmail.ac.uk/lists/SSFN.html Social Studies of Finance Network international mailing list]


Wikimedia Foundation. 2010.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Social Credit — is a socio economic philosophy wherein consumers, fully provided with adequate purchasing power, establish the policy of production through exercise of their monetary vote.cite book |title=Credit Power and Democracy |last=Douglas |first=C.H.… …   Wikipedia

  • Social class in American history — Social class has been an important theme for historians of the United States for over 100 years. Colonial periodHistorians in recent decades have explored in microscopic detail the process of settling the new country and creating the social… …   Wikipedia

  • social service — social service, adj. organized welfare efforts carried on under professional auspices by trained personnel. [1850 55] * * * Introduction also called  welfare service,  or  social work,         any of numerous publicly or privately provided… …   Universalium

  • Social Democrats (Denmark) — Social Democrats Socialdemokraterne Leader Helle Thorning Schmidt Founded 1871 …   Wikipedia

  • Social Venture Partners — (SVP) is a network of individuals who pool their time and money to impact the capacity of non profit organizations and to develop their knowledge and skill as philanthropists.Since the organization was founded in Seattle in 1997 it has expanded… …   Wikipedia

  • Social Protection — ▪ 2006 Introduction With medical costs skyrocketing and government programs scaled back, citizens bore more responsibility for their health care costs; irregular migration, human trafficking, and migrant smuggling posed challenges for… …   Universalium

  • Finance — For the Slovenian newspaper, see Finance (newspaper). Finance Financial markets …   Wikipedia

  • Social Security (United States) — This article is about the retirement/disability program. For the general concept of providing welfare, see Social security. For other uses, see Social Security (disambiguation) …   Wikipedia

  • social security — 1. (usually caps.) a program of old age, unemployment, health, disability, and survivors insurance maintained by the U.S. federal government through compulsory payments by specific employer and employee groups. 2. the theory or practice of… …   Universalium

  • Social networking service — This article is about the type of service. For the concept of relationships between people, see Social network. For a list of services, see List of social networking websites. A social networking service is an online service, platform, or site… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”