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Book Review: Sociology of the Financial Crisis

September 30, 2012 802

In the latest issue of Administrative Science Quarterly, Peer C. Fiss of the University of Southern California published a book review of “Markets on Trial: The Economic Sociology of the U.S. Financial Crisis,” edited by Michael Lounsbury and Paul M. Hirsch:

As the most recent in a long line of market crashes, the devastating financial crisis of 2008 has been the focus of a number of sensemaking attempts, including several highly visible works by journalists such as Lewis (2010) and Sorkin (2009). Most of these works seek to construct a coherent perspective of the financial meltdown, aiming to provide the reader with an authoritative narrative. Markets on Trial: The Economic Sociology of the U.S. Financial Crisis takes a different approach. Starting with a commitment to economic sociology, this book brings together a diverse set of perspectives that are applied to a number of different aspects of the crisis along with the larger, seismic shifts that preceded it.

Click here to read on and here to read more book reviews from Administrative Science Quarterly.

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