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Exploring the social and political foundations of modern economies

The Max Planck Institute for the Study of Societies conducts basic research on the governance of modern societies. It aims to develop an empirically based theory of the social and political foundations of modern economies by investigating the interrelation between economic, social and political action. Using primarily an institutional approach, it examines how markets and business organizations are embedded in historical, institutional, political and cultural frameworks, how they develop, and how their social contexts change over time. The institute seeks to build a bridge between theory and policy and to contribute to political debate on major challenges facing modern societies.
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economic sociology

Issue 18(3)/2017 Now Out: "Towards a Comparative Economic Sociology"
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Beckert, Dewey (eds.): The Architecture of Illegal Markets

From illegal drugs, stolen artwork, and forged trademarks, to fraud in financial markets – the phenomenon of illegality in market exchanges is pervasive. Illegal markets have great economic significance, have relevant social and political consequences, and shape economic and political structures. Despite the importance of illegality in the economy, the field of economic sociology unquestioningly accepts the premise that the institutional structures and exchanges taking place in markets are law-abiding in nature. This volume makes a contribution to changing this.
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Koddenbrock: What Money Does


MPIfG Discussion Paper PDF



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