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Market Society: meanings, embedding and structures
This short course (1-hour lecture, 1-hour seminar and 1 office hour a week) will
explore the nature of market embeddedness in advanced industrial societies. It involves
the examination of the separate, and yet interdependent, operating logics of the market
and the society, (Slater and Tonkiss 2001; Carruthers and Babb 2000; Sayer 1995; Holton
1992). The course will examine:
 how market relations constitute but one way for human beings to interact with
each other, and the ways that markets are influenced by social relationships
(Carruthers and Babb 2000; O'Neill 1998; Holton 1992);
 key ways in which markets have been conceived within modern social theory (e.g.
markets as social integration and regulation (i.e. social order)) (Slater and Tonkiss
2001; Sayer 1995; Sayer and Walker 1992);
 market forms in relation to different definitions of 'culture', as a distinct realm of
aesthetic or expressive practices; and as an increasingly commodified sphere (du
Gay 1997; Slater and Tonkiss 2001; Ray and Sayer 1999).
Readings
* Bruce Carruthers and Sarah Babb, 2000, Economy/Society: markets, meanings and
social structure, Pine Forge Press, Thousand Oaks.
* Don Slater and Fran Tonkiss, 2001, Market Society, Polity Press, Cambridge.
* Andrew Sayer, 1995, Radical Political Economy, Blackwell, Oxford.
Andrew Sayer and Richard Walker, 1992, The New Social Economy, Blackwell,
Cambridge MA.
Don Slater, 1997, Modernity and Consumer Culture, Polity Press, Cambridge.
Paul du Gay (ed) 1997, Cultures of Production/ Production of Cultures, Sage
Publications and Open University Press, Milton Keynes.
Robert Holton, 1992, Economy and Society, Routledge, London.
Grahame Thompson et al. (eds.) 1991, Markets, Hierarchies and Networks, Sage
Publications and Open University, London.
Larry Ray and Andrew Sayer (eds.) 1999, Culture and Economy: After the Cultural Turn,
Sage Publications, London.
David Throsby (2001) Economics and Culture, Cambridge University Press, Cambridge.
Don Slater, 1997, Consumer Culture and Modernity, Polity Press, Cambridge.
Russell Keat, 2001, Cultural Goods: the limits of the market, Routledge, London.
Alan Wolfe, 1994, Whose Keeper?, Cambridge University Press, Cambridge.
WEEK (1-hour lecture and 1-hour seminar)
1. Introduction: Aims of the course. Embeddedness and emergence of market
(Carruthers and Babb Ch1; Slater and Tonkiss Ch1; Thompson et al. Chs20-24)
No seminar
2. Consumer Culture: (Carruthers and Babb Ch2; Slater Chs1-2; Throsby Ch5).
Seminar: du Gay Chs3-5
3. Networks: (Carruthers and Babb Ch3; Sayer and Walker Ch3).
Seminar: Thompson et al. Chs14-19
4. Organisations: (Carruthers and Babb Ch4; Sayer and Walker Ch4).
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5.
6.
7.
8.
9.
10.
11.
12.
13.
Seminar: Thompson et al. Chs8-13
Globalisation: (Carruthers and Babb Ch7; Sayer and Walker Ch2).
Seminar: Carruthers and Babb Chs5-6
Test
Markets and Economic Order: (Slater and Tonkiss Ch2; Sayer Ch5).
Seminar: Sayer Ch4
Rationality and Individual: (Slater and Tonkiss Ch3; Holton Ch3).
Seminar: Holton Ch4
Market and Social Structures: (Slater and Tonkiss Ch4; Sayer and Walker Ch6).
Seminar: Thompson et al. Chs1-7
States and Markets: (Slater and Tonkiss Ch5; Holton Ch5; Sayer and Walker
Ch6).
Seminar: Holton Ch6
Commerce and Culture: (Slater and Tonkiss Ch6; Holton Ch7; Ray and Sayer
Ch2; Throsby Ch7).
Seminar: Holton Ch8
The Cultural Turn: (Slater and Tonkiss Ch7; Sayer and Walker Ch5; Ray and
Sayer Ch1).
Seminar: Sayer Ch9
Examination
Assignments
One essay of 2-3000 words
End of semester examination and mid-semester tests (written papers)
Weekly seminar presentations