Geographically dispersed but mutually oriented actors form global microstructures that bind markets together.

Evidence

Since microsociology has not traditionally been thought of as particularly pertinent to issues of globalization or to the understanding of markets when they are stretched out in geographical space, some explanation is necessary to clarify the precise nature of microsociology’s relevance and the contribution that can be made to it in this area. What we suggest in this article is that fields in which participants, although geographically distant, are oriented, above all, toward one another and, at the same time, disengaged from local settings are spanned and bound together by global microstructures—that is, patterns of relatedness and coordination that are global in scope but microsocial in character and that assemble and link global domains. — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 18

Categorization

• DEFINE: Introduces the core concept ‘global microstructures’ — patterns of relatedness global in scope but microsocial in character. Central to the whole paper.
• XREF: Connects to Goffman’s interaction order and to economic sociology’s market theory; also resonates with my ethnography-of-traders reading on screen-based markets. — connects to: Global markets are assembled through microsocial patterns of relatedness and coordination — Donald MacKenzie, An Engine, Not a Camera: How Financial…, 1086; Markets operate as processual social systems shaped by trader practice, knowledge, and globality — Karin Knorr Cetina & Urs Bruegger, Global Microstructures: The Virtual…, 35; Microsocial interactions have risen to structural equivalence with macroscopic global phenomena. — Karin Knorr Cetina & Urs Bruegger, Global Microstructures: The Virtual…, 18 (+5 more)

Related

• Global markets are assembled through microsocial patterns of relatedness and coordination (similarity 0.91)
• Microsocial interactions have risen to structural equivalence with macroscopic global phenomena. (similarity 0.90)
• Markets operate as processual social systems shaped by trader practice, knowledge, and globality (similarity 0.88)
• Markets combine distinct forms of coordination beyond network embeddedness, including reflexive temporal coordination. (similarity 0.87)
• Fieldwork on trading floors reveals the microstructural and knowledge-embedded basis of global trading systems. (similarity 0.87)
• Interbank currency traders form a global social system distinct from local exchange brokerages (similarity 0.87)
• Global market interaction produces intersubjectivity beyond face-to-face encounters (similarity 0.86)
• Geographically dispersed markets achieve social integration through time, not space (similarity 0.86)
• Global social fields can form from micro interactions without complex organization. (similarity 0.85)
• Financial markets show the most intricate response-presence-based global integration (similarity 0.83)
• Shared temporal structuring of a common object distinguishes global markets from ordinary electronic groups (similarity 0.82)
• Global markets form communities of time bound by a common observed screen object. (similarity 0.82)
• Karin Knorr Cetina & Urs Bruegger — Global Microstructures The Virtual Societies of Financial Markets (similarity 0.81)
• Screen markets invert networks from being the basis to a reinforcement of trading coordination (similarity 0.81)
• Response presence can sustain intersubjective social forms across global distances (similarity 0.80)

Broader Connections

• Global markets are assembled through microsocial patterns of relatedness and coordination #corroborates (0.90) — Donald MacKenzie, An Engine, Not a Camera, 1086
• Fundamentally unrelated market phenomena can suddenly move in lock-step within a global microstructure #exemplifies (0.85) — Donald MacKenzie, An Engine, Not a Camera, 1088
• Microsocial interactions have risen to structural equivalence with macroscopic global phenomena. #complicates (0.82) — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 18
• Global market interaction produces intersubjectivity beyond face-to-face encounters #expands (0.82) — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 98
• Interbank currency traders form a global social system distinct from local exchange brokerages #exemplifies (0.80) — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 13
• Markets operate as processual social systems shaped by trader practice, knowledge, and globality #expands (0.78) — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 35
• Fieldwork on trading floors reveals the microstructural and knowledge-embedded basis of global trading systems. #exemplifies (0.77) — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 46
• Markets combine distinct forms of coordination beyond network embeddedness, including reflexive temporal coordination. #complicates (0.75) — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 101