TITLE

Economic embeddedness and materiality in a financial market setting

AUTHOR(S)
Roscoe, Philip
PUB. DATE
February 2013
SOURCE
Sociological Review;Feb2013, Vol. 61 Issue 1, p41
SOURCE TYPE
Academic Journal
DOC. TYPE
Case Study
ABSTRACT
The notion of embeddedness ( Granovetter, 1985) neglects of the material dimension of economic relations. This paper contributes to the literature of market devices ( Callon et al., 2007) with an exploration of the material dimensions of economic embeddedness in the case of the everyday market activities of a group of non-professional investors in the UK. It examines the attributes of a materially embedded market through the categories of socio-economic embeddedness specified by Uzzi (1997) and draws attention to the superficial and rhetorical nature of the face-to-face social relations encountered in this market. The paper seeks to invigorate the notion of embeddedness by expanding the mechanisms through which socio-economic relations are understood to arise. The paper offers support to the literature of market devices' assertion that a concept of materially embedded economic relations can accommodate politics, culture, and regulation, and that it offers a nuanced perspective on agency and identity in the marketplace.
ACCESSION #
85760772

 

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