2003
DOI: 10.1146/annurev.soc.29.010202.100051
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The Economic Sociology of Conventions: Habit, Custom, Practice, and Routine in Market Order

Abstract: s Abstract Economic sociology and economics have tried to explain the organization and stability of market capitalism mostly by arguing for the effects of social structure on the patterning of relations, or for the role of the price system in balancing the demands of individual economic actors. In North America, the primary alternative to structural and individualist theories of market order has been network theory, a meso-level attempt to bridge over-and undersocialized views of actors. In Europe, the primary… Show more

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Cited by 268 publications
(188 citation statements)
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References 96 publications
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“…American adopters of convention theory as a lens for understanding coordination, and economic activity more broadly (Biggart & Beamish, 2003). Their contribution to the volume, "Capital and carbon: The shifting common good justifications for energy regimes", shows how key concepts underlying the EW framework can be used as a loose theoretical frame to help explain why and how important shifts in the institutions and collective beliefs that underpin capitalist economic systems occur.…”
Section: Finally Thomas Beamish and Nicole Woolsey Biggart Were Amonmentioning
confidence: 99%
“…American adopters of convention theory as a lens for understanding coordination, and economic activity more broadly (Biggart & Beamish, 2003). Their contribution to the volume, "Capital and carbon: The shifting common good justifications for energy regimes", shows how key concepts underlying the EW framework can be used as a loose theoretical frame to help explain why and how important shifts in the institutions and collective beliefs that underpin capitalist economic systems occur.…”
Section: Finally Thomas Beamish and Nicole Woolsey Biggart Were Amonmentioning
confidence: 99%
“…Conventions can help to bridge different perspectives by providing an acceptable compromise between competing value frameworks (Biggard & Beamish, 2003;Denis et al, 2007).…”
Section: Disputes Conventions and Accounting Practicesmentioning
confidence: 99%
“…These range from the earliest work of Max Weber to network theory, convention theory and more [18,19,51,52]. It is beyond the scope of this article to address all of these.…”
Section: The Food System Is Working But Why?mentioning
confidence: 99%
“…These do not have to be explained to people or renegotiated all of the time; most people come into the system with a sense of them and are quickly assimilated into the way of working. As others have found, economic actors operate "from a repertoire of alternatives that reflect social structural constraints" [18] (p. 450). Asking the different actors to explain how the system works and what makes it work often elicited strange looks and shoulder shrugging; "we just do it like this".…”
Section: Symbiosis As a Core Ordering Principlementioning
confidence: 99%
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