123: Markets as Politics -- Neil Fligstein (Summary of Episode)

We will cover the economic sociology of Neil Fligstein, who countered the dominant 1990s-era neoclassical view of economics that failed to explain well various market behaviors being observed at the time. He argued for an alternative paradigm – a “political-cultural” model that suggested that the formation of markets was part of “state building” and subjected to various social institutions that belonged to the state.