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Although Karl Polanyi is best known for his theorization of market regulation and the double movement, democratizing the economic was one of his core concerns. He believed societies need to bring labor, land, and money under collective oversight to displace the logic of market fundamentalism with the logic of human needs. In this article, the author draws on Polanyi’s vocabulary to shed light on the denial of money politics and the possibility of democratization.
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We examine immigrants’ earnings trajectories and measure the extent and speed with which they are able to reduce the earnings gap with natives, using a dataset that links respondents of the Survey of Income and Program Participation (SIPP) to their longitudinal earnings obtained from individual tax records. Our analysis addresses key debates regarding ethnoracial and cohort differences in immigrants’ earnings trajectories.
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This study reconsiders the phenomenon that married men earn more money than unmarried men, a key result of the research on marriage benefits. Many earlier studies have found such a “male marital wage premium.” Recent studies using panel data for the United States conclude that part of this premium is due to selection of high earners into marriage. Nevertheless, a substantial effect of marriage seems to remain. The current study investigates whether the remaining premium is really a causal effect.
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Cities and regions have long captured the imagination of sociologists, economists, and urbanists. From Alfred Marshall to Robert Park and Jane Jacobs, cities have been seen as cauldrons of diversity and difference and as fonts for creativity and innovation. Yet until recently, social scientists concerned with regional growth and development have focused mainly on the role of firms in cities, and particularly on how these firms make location decisions and to what extent they concentrate together in agglomerations or clusters.
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The housing boom of the mid-2000s saw the widespread popularization of non-occupant housing investment as an entrepreneurial activity within U.S. capitalism. In 2005, approximately one sixth of all mortgage-financed home purchases in the United States were for investment purposes. This article develops a sociological account that links the geographic distribution of popular investment to the social and institutional organization of communities.
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Using interview data from two groups in the Woodlawn neighborhood on Chicago's South Side—mothers of young children and neighborhood merchants—this paper suggests a way of connecting two dominant ways of conceiving of physical disorder in urban spaces, one of which focuses on physical disorder as a root of social disorder and another that focuses on physical disorder as an economic prerequisite for gentrification. Specifically, elites can deploy signs of disorder in moral and reputational terms in the urban political arena to gain economic advantages for themselves.
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Recent neighborhood crime research suggests that increased mortgage investment in local communities can help reduce street crime by defending against physical decline and improving perceptions of the neighborhood, which make informal social control more likely. Unfortunately, the neighborhoods that could benefit the most from this relationship are the least likely to get private mortgage investment, as mortgages tend to flow towards neighborhoods that are already stable.
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Sociological accounts of urban disinvestment processes rarely assess how landlords’ variable investment strategies may be facilitated or constrained by the legal environment. Nor do they typically examine how such factors might, in turn, affect housing conditions for city dwellers. Over the past two decades, the advent and diffusion of the limited liability company (LLC) has reshaped the legal landscape of rental ownership. Increasingly, rental properties are owned by business organizations that limit investor liability, rather than by individual landlords who own property in their own names.
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Fred Block has written an outstanding book, a major contribution to modern sociological inquiry. Leapfrogging over contemporary excursions into number crunching and concept mongering, Block has planted his roots firmly in the tradition of thinkers like Joseph Schumpeter and Karl Polanyi. The result is an investigation into the effects that the international order, particularly the international monetary system, can have on domestic social organization.
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We use affect control theory (ACT) and its computer simulation program, Interact, to theoretically model the interactional dynamics that women and men business executives are likely to face in the workplace, and we show how these dynamics may contribute to the gender gap in business leadership. Using data from 520 simulated events and two analysis strategies, we use ACT to develop empirically grounded hypotheses regarding these processes.
