The new economic sociology is based on the theory that patterns of economic behavior are shaped by social factors. The Sociology of the Economy brings together a dozen path-breaking empirical studies that explore how social forces—such as shifts in political power, the influence of social networks, or the spread of new economic ideas—shape real-world economic behavior.

The contributors—all leading economic sociologists—show these social forces at work in a diverse range of international settings and historical circumstances. Examining why so many American banks followed industry leaders into foreign markets in the 1970s, only to pull back within a few years, Mark Mizruchi and Gerald Davis suggest that social emulation rather than rational calculation led banks to expand globally before there was any evidence that foreign offices paid off. William Schneper and Mauro Guillé show that despite the international diffusion of the hostile takeover during the last twenty years, the practice became widespread only in countries with political institutions conducive to buying and selling entire companies. Thus during the 1990s, the United States and United Kingdom saw hundreds of hostile takeover bids, while Germany had only a handful, and Japan just one. Deborah Davis explores resistance to the globalization of Western ideas about real-estate ownership—particularly in China where the government has had little success in instituting a market system in place of traditional, family-based real-estate inheritance. And Richard Scott examines the controversial rise of managed care in the American healthcare system, as the quest for market efficiency collided with the ideal of equity in access to health care.

Together, these studies provide compelling evidence that economic behavior is not ruled by immutable laws, and is but one realm of social behavior, with its own conventions, roles, and social structures. The Sociology of the Economy demonstrates the vitality of empirical research in the field of economic sociology and the power of sociological models in explaining how markets operate.

FRANK DOBBIN is professor of sociology at Harvard University.

CONTRIBUTORS: Urs Bruegger, Karin Knorr Cetina, Deborah S. Davis, Gerald F. Davis, Bai Gao, Mauro F. Guillen, Heather A. Haveman, Kieran Healy, Lisa A. Keister, Paul D. McLean, Mark S. Mizruchi, John F. Padgett, Charles Perrow, William D. Schneper, W. Richard Scott, Richard Swedberg. 

This fascinating symposium is based on an assumption that no longer seems to need justification: that the institution of marriage is today experiencing profound changes. But the nature of those changes—their causes and consequences—is very much in need of explication. The experts contributing to this volume bring a wide range of perspectives—sociological, anthropological, economic, historical, psychological, and legal—to the problem of marriage in modern society. Together these essays help illuminate a form of relationship that is both vulnerable and resilient, biological and social, a reflection of and an influence on other social institutions.

Contemporary Marriage begins with an important assessment of the revolution in marital behavior since World War II, tracing trends in marriage age, cohabitation, divorce, and fertility. The focus here is primarily on the United States and on idustrial societies in general. Later chapters provide intriguing case studies of particular countries. There is a recurrent interest in the impact on marriage of modernization itself, but a number of essays probe influences other than industrial development, such as strong cultural and historical patterns or legislation and state control. Beliefs and expectations about marriage are explored, and human sexuality and gender roles are also considered as factors in the nature of marriage.

Contemporary Marriage offers a rich spectrum of approaches to a problem of central importance. The volume will reward an equally broad spectrum of readers interested in the meaning and future of marriage in our society.

KINGSLEY DAVIS is senior research fellow at the Hoover Institution on War, Revolution and Peace at Stanford University.

CONTRIBUTORS: Grace Ganz Blumberg, Elwood Carlson, Kingsley Davis, Thomas J. Espenshade, Amyra Grossbard-Shechtman, Joy Hendry, Adam Kuper, John Modell, Rachel Pasternack, Yochanan Peres, James E. Smith, Graham B. Spanier, Alan A. Stone, Donald Symons, Lenore J. Weitzman, and Margery Wolf.

Explores the mechanisms of military intervention and its consequences. The contributors examine a succession of coups, attempted coups, and established military regimes, with a view to evaluate the role of the military as a ruling group and an organization fostering political development. These studies cast strong doubt on the abilities of the military as a modernizing and stabilizing agent, raising important questions about our policies on military assistance and arms sales. Bienen makes an especially strong plea for a reassessment of our military and economic-political policies in order to determine whether both are working toward the same goals.

HENRY BIENEN is assistant professor of politics and faculty associate at the Center of International Studies, Princeton University.

CONTRIBUTORS:  Donald N. Levine, Jae Souk Sohn, Philip B. Springer, Nur Yalman, Aristide R. Zolberg.

Little over a century ago, New York and Budapest were both flourishing cities engaging in spectacular modernization. By 1930, New York had emerged as an innovating cosmopolitan metropolis, while Budapest languished under the conditions that would foster fascism. Budapest and New York explores the increasingly divergent trajectories of these once-similar cities through the perspectives of both Hungarian and American experts in the fields of political, cultural, social and art history. Their original essays illuminate key aspects of urban life that most reveal the turn-of-the-century evolution of New York and Budapest: democratic participation, use of public space, neighborhood ethnicity, and culture high and low.

What comes across most strikingly in these essays is New York's cultivation of social and political pluralism, a trend not found in Budapest. Nationalist ideology exerted tremendous pressure on Budapest's ethnic groups to assimilate to a single Hungarian language and culture. In contrast, New York's ethnic diversity was transmitted through a mass culture that celebrated ethnicity while muting distinct ethnic traditions, making them accessible to a national audience. While Budapest succumbed to the patriotic imperatives of a nation threatened by war, revolution, and fascism, New York, free from such pressures, embraced the variety of its people and transformed its urban ethos into a paradigm for America.

Budapest and New York is the lively story of the making of metropolitan culture in Europe and America, and of the influential relationship between city and nation. In unifying essays, the editors observe comparisons not only between the cities, but in the scholarly outlooks and methodologies of Hungarian and American histories. This volume is a unique urban history. Begun under the unfavorable conditions of a divided world, it represents a breakthrough in cross-cultural, transnational, and interdisciplinary historical work.

THOMAS BENDER is University Professor of the Humanities and professor of history at New York University.

CARL E. SCHORSKE is professor emeritus at Princeton University, and the Pulitzer Prize winning author of Fin-de-Siecle Vienna: Politics and Culture.

CONTRIBUTORS: Thomas Bender, Elizabeth Blackmar, Geza Buzinkay, Wanda M. Corn, Deborah Dash Moore, Philip Fisher, Eva Forgacs, Gabor Gyani, David C. Hammack, Peter Hanak, Neil Harris, Miklos Lacko, Zsuzsa L. Nagy, Roy Rosenzweig, Carl E. Schorske, Robert W. Snyder, and Istvan Teplan.

This book presents an informing picture of giving in the United States. It glances briefly at the history of philanthropy, including its growth in government services, but its emphasis is on recent changes and special opportunities for today. It offers estimates of giving, as to amounts, sources, and benefiting agencies. It includes a discussion of legal and tax aspects of philanthropy.

F. EMERSON ANDREWS was a staff member of Russell Sage Foundation since 1928, a consultant on publications to the Twentieth Century Fund since 1940, and served as a consultant to a number of other organizations in the welfare field. This book grew out of the requests of many donors for advice and help, which came to him as co-author of American Foundations for Social Welfare.