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Disembedded Markets - Economic Theology and Global Capitalism (Hardcover)
Loot Price: R4,134
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Disembedded Markets - Economic Theology and Global Capitalism (Hardcover)
Series: Classical and Contemporary Social Theory
Expected to ship within 12 - 17 working days
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This book offers a sociological analysis of globalised capitalist
markets, advancing the notion of 'disembedded markets' to challenge
the idea of 'social embeddedness' common in economic sociology.
Avoiding an exclusive focus on institutions, networks and trust
relationships surrounding markets, the author concentrates on
private property as the key institution of markets, in order to
emphasise the historical origins of modern capitalism the free
market narrative, and develop a socio-historical analysis of the
disembedding process together with an account of the built-in
contradictions and limits of market universalisation. Through an
analysis of their encompassing character, this volume demonstrates
that disembedded markets do not fit standard theoretical accounts
of sociality - a problem taken up not only by Karl Marx, but also
by Friedrich August von Hayek and Niklas Luhmann - and questions
the attempts of the emerging approach of 'economic theology' to
draw parallels between the practices that arise from disembedded
markets and from forms of religious experience and ritual. A
rigorous examination of the phenomenon of disembedded markets and
the claims to which they give rise concerning the equivalences
between religion and capitalism, this book will appeal to scholars
of sociology and economics with interests in capitalism, social
theory, and global markets.
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