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How Do Fields Change? The Interrelations of Institutions, Networks, and Cognition in the Dynamics of Markets

How Do Fields Change? The Interrelations of Institutions, Networks, and Cognition in the Dynamics... Sociological approaches to the economy identify three types of social structures relevant for the explanation of economic outcomes: social networks, institutions, and cognitive frames. This article contributes to the development of a framework which aims at an integrated perspective on the social structuring of markets and their dynamics. Based on the field concept, the article discusses the interrelations between the three types of structures as a source of the dynamics of markets. Bringing the complex and possibly contradictory character of the different social structures to the center of attention highlights spaces for innovation which are anchored in the social organization of markets but remain obscure in approaches that focus on only one of the structures. The simultaneous inclusion of social networks, institutions, and cognitive frames makes it possible to address how actors employ resources gained from one of these structures in the field to reconfigure other parts of the social structure in a way favorable to their goals. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Organization Studies: An international multidisciplinary journal devoted to the Studies of organizations, organizing, and the organized in and between societies SAGE

How Do Fields Change? The Interrelations of Institutions, Networks, and Cognition in the Dynamics of Markets

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References (103)

Publisher
SAGE
Copyright
© The Author(s), 2010.
ISSN
0170-8406
eISSN
1741-3044
DOI
10.1177/0170840610372184
Publisher site
See Article on Publisher Site

Abstract

Sociological approaches to the economy identify three types of social structures relevant for the explanation of economic outcomes: social networks, institutions, and cognitive frames. This article contributes to the development of a framework which aims at an integrated perspective on the social structuring of markets and their dynamics. Based on the field concept, the article discusses the interrelations between the three types of structures as a source of the dynamics of markets. Bringing the complex and possibly contradictory character of the different social structures to the center of attention highlights spaces for innovation which are anchored in the social organization of markets but remain obscure in approaches that focus on only one of the structures. The simultaneous inclusion of social networks, institutions, and cognitive frames makes it possible to address how actors employ resources gained from one of these structures in the field to reconfigure other parts of the social structure in a way favorable to their goals.

Journal

Organization Studies: An international multidisciplinary journal devoted to the Studies of organizations, organizing, and the organized in and between societiesSAGE

Published: May 1, 2010

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