Sociology in the New Area: Sociological View of the Financial Markets 
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Sociológia v novom priestore: sociologický pohľad na finančné trhy
Sociology in the New Area: Sociological View of the Financial Markets

Author(s): Roman Hofreiter
Subject(s): Social Sciences
Published by: Sociologický ústav - Slovenská akadémia vied
Keywords: Economic sociology; financial markets; theory of performativity; embeddedness of economic activity

Summary/Abstract: Sociology in the New Area: Sociological View of the Financial Markets. The main aim of the article is to introduce a contemporary sociological interpretation of financial markets. Financial markets became the subject of sociological analysis due to their increasing importance for the economy as well as a consequence of significant changes that are linked with their quick growth. One result of these changes is growing influence of institutions of collective investment leading to the transformation of management’s responsibility, processes of financial collectivization and creation of a new, invisible source of power. One of the analytical tools to examine the nature and dynamics of these changes is Michel Foucault’s conception of formation of disciplinary society. The article also pays attention to some of the factors that participate in financial markets functioning but are not sufficiently reflected in the sociological research such as the social and political impact of economics and significance of social networks.

  • Issue Year: 2007
  • Issue No: 5
  • Page Range: 409-431
  • Page Count: 23
  • Language: Slovak