The objectives of the International Sociological Association's Research Committee on Economy & Society is to promote the development of the theory and practice of the sociology of economic life; to improve research and promote meetings in the field of the sociology of economic activity at all national, regional and international levels; to provide information on significant developments in this field, particularly through scholar publications; to unite the professional qualities, social consciousness and experience of its members for work on the problems of the sociology of economic activities throughout the world.
In the Winter 2018 RC02 Newsletter we have a letter from the RC02 President Aaron Pitluck and two fascinating contributions from junior economic sociologists exploring the roots and responses to contemporary political and economic afflictions.
The story behind the financial crisis is relatively well known. By cutting-up and repackaging mortgage risks, banks could make more profit. At the same time, they amplified their financial losses which expanded to financial institutions all over the globe. Ten years after the global financial crisis, a new one is never far away but where will the risks come from next time? In order to know that, as economic sociologists we need to know more of the object itself: financial risks.
Discontentment is generalized among the middle and working classes. But in the confines of business communities and organizations that support businesses, a different tone appears to be conveyed: times of crisis are also times of opportunities, especially for entrepreneurial individuals.
How can RC02 help you connect, collaborate, and create? Send me your ideas. If you are interested in organizing a conference on a theme connected to economy and society, particularly in 2019 or 2021, we can provide institutional support and some funding. Again, please reach out to me with your ideas.
How resilient (Gotts 2007) is the emerging sinocentric world-system? Mackinder’s (1904) seminal theory on geopolitics is usually summed up by the catchphrase: whoever controls continental Eurasia will master the rest of the world.
Social action not only mobilizes people; it materializes or manifests itself in collective acts that are simultaneously interpreted by those who observe or experience them as well as those who carry them out. These interpretations shape narratives based on values (beliefs) and classifications (dichotomous) that generate meaning in the civil sphere, including communicative and regulatory institutions.