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The Emergence of Organizations and Markets

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Abstract

The social sciences have sophisticated models of choice and equilibrium but little understanding of the emergence of novelty. Where do new alternatives, new organizational forms, and new types of people come from? Combining biochemical insights about the origin of life with innovative and historically oriented social network analyses, John Padgett and Walter Powell develop a theory about the emergence of organizational, market, and biographical novelty from the coevolution of multiple social networks. They demonstrate that novelty arises from spillovers across intertwined networks in different domains. In the short run actors make relations, but in the long run relations make actors. This theory of novelty emerging from intersecting production and biographical flows is developed through formal deductive modeling and through a wide range of original historical case studies. Padgett and Powell build on the biochemical concept of autocatalysis--the chemical definition of life--and then extend this autocatalytic reasoning to social processes of production and communication. Padgett and Powell, along with other colleagues, analyze a very wide range of cases of emergence. They look at the emergence of organizational novelty in early capitalism and state formation; they examine the transformation of communism; and they analyze with detailed network data contemporary science-based capitalism: the biotechnology industry, regional high-tech clusters, and the open source community.

Keywords

Organizational sociology. --- Organization. --- Industrial organization (Economic theory) --- Industrial economics --- Market structure --- Microeconomics --- Organisation --- Management --- Organization (Sociology) --- Organization theory --- Sociology of organizations --- Sociology --- Bureaucracy --- Organizational sociology --- Organization --- E-books --- AA / International- internationaal --- 330.00 --- 338.310 --- 203 --- Economische en sociale theorieën: algemeenheden --- Organisatie van de productie volgens diverse economische en sociale stelsels: algemeenheden --- Sociografie. Algemene beschrijving van de gemeenschappen (Sociologie) --- Sociologie des organisations --- Economie industrielle --- Business policy --- Boris Yeltsin. --- Calvinism. --- China. --- Eastern Europe. --- Florence. --- Florentine international finance. --- Florentine partnership systems. --- German nationalism. --- Germany. --- Hungarian economy. --- Netherlands. --- Prussia. --- RNA-first hypothesis. --- Renaissance. --- Russia. --- Soviet Union. --- Tuscan merchant-banks. --- Tuscany. --- agent-based model. --- altruism. --- altruistic reproduction. --- autocatalysis. --- autocatalytic reasoning. --- autocracy. --- autopoiesis. --- biochemistry literature. --- biochemistry. --- biographical autocatalysis. --- biographical novelty. --- biotechnology companies. --- biotechnology industry. --- business alliances. --- business groups. --- capitalism. --- cellular autocatalysis. --- cellular companies. --- cellular phone industry. --- chemistry. --- commercial capitalism. --- communism. --- communist economic reform. --- conflict displacement. --- corporate merchant-banks. --- democracy. --- depoliticized market. --- dual inclusion. --- economic development. --- economic experimentation. --- economic production. --- economic reform campaigns. --- economic reform. --- economic reforms. --- empirical chemistry. --- financial markets. --- foreign investment. --- formal models. --- genealogical communication. --- high-tech clusters. --- homology. --- human organizations. --- hypercycle model. --- hypercycles. --- interenterprise networks. --- international trade. --- interorganizational network formation. --- joint-stock company. --- lateral control. --- linguistic autocatalysis. --- market formation. --- market reform policies. --- metabolism-first hypothesis. --- migration. --- mobile telecom market. --- molecular biology. --- multiple social networks. --- multiple-network ensemble. --- noble kinship. --- open source community. --- organizational genesis. --- organizational innovations. --- organizational novelty. --- origin of life. --- patronage. --- political parties. --- political settlement. --- privatization. --- production autocatalysis. --- public peer pressure. --- refunctionality. --- social networks. --- social science. --- social sequence analysis. --- state finance. --- state formation. --- state ownership. --- state planning system. --- state socialism collapse. --- stigmergy. --- structural vulnerability. --- symbolic communication. --- tipping. --- transposition. --- university science.

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