Economy and State

Should governments be involved in economic affairs? Challenging prevailing wisdom about the benefits of self-regulating markets, Nina Bandelj and Elizabeth Sowers offer a uniquely sociological perspective to emphasize that states can never be divorced from economy. From defining property rights and regulating commodification of labor to setting corporate governance standards and international exchange rules, the state continuously manages the functioning of markets and influences economic outcomes for individuals, firms and nations.

The authors bring together classical interventions and cutting-edge contemporary research in economic sociology to discuss six broad areas of economy/state connection: property, money, labor, firms, national economic growth, and global economic exchange. A wealth of empirical examples and illustrations reveals that even if the nature of state influence on economy varies across contexts, it is always dependent on social forces.

This accessible and engaging book will be essential reading for upper-level students of economic sociology, and those interested in the major economic dilemmas of our times.

About the Author

Nina Bandelj is Associate Professor of Sociology at the University of California, Irvine
Elizabeth Sowers is a Doctoral Student at the University of California, Irvine

Features

• A uniquely sociological perspective on economy and state connections which emphasizes that states can never be divorced from economy.
• Demonstrates how states play important roles in the economy from the individual to the international level, from personal taxes to global financial governance.
• Examines five key areas: money, labour, firms, national economic growth, and global economic exchange.
• Brings together classical interventions and cutting-edge contemporary research in economic sociology.

Series

Economy and Society

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