Markets combine distinct forms of coordination beyond network embeddedness, including reflexive temporal coordination.

Evidence

Since Granovetter’s influential work (1985), embeddedness has been used to make sense of the social organization of the economy (see, e.g., Swedberg 1997, p. 162; Carruthers and Uzzi 2000, p. 487); research has focused on relational embeddedness—that is, the embeddedness of economic action in social networks and relationships—and structural embeddedness—that is, the interdependence of market exchanges and cultural, political, and social background institutions (Barber 1995; Portes 1995, p. 6). The intersubjectivity that we identified suggests a third type of social organization, defined by the interiorized characteristics of markets as they are performed in practice. One implication of the present research, with regard to embeddedness arguments, is that we need to distinguish between different forms of market coordination (see also The´venot 2001) and to explain how they evolve and relate to each other. Presumably, pure relational or network forms of coordination and the reflexive, temporal form of coordination that we have described are two different things. — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 101

Categorization

• DEFINE: Distinguishes relational from structural embeddedness and proposes a third form: intersubjective, interiorized market coordination.
• XREF: Builds on Granovetter’s embeddedness and connects to Thévenot’s conventions-of-coordination sociology, relevant to the reader’s financialization ethnography work. — connects to: Geographically dispersed but mutually oriented actors form global microstructures that bind markets together. — Karin Knorr Cetina & Urs Bruegger, Global Microstructures: The Virtual…, 18; Shared temporal structuring of a common object distinguishes global markets from ordinary electronic groups — Karin Knorr Cetina & Urs Bruegger, Global Microstructures: The Virtual…, 141; Global markets form communities of time bound by a common observed screen object. (+6 more)

Related

• Geographically dispersed markets achieve social integration through time, not space (similarity 0.91)
• Shared temporal structuring of a common object distinguishes global markets from ordinary electronic groups (similarity 0.89)
• Screen markets invert networks from being the basis to a reinforcement of trading coordination (similarity 0.88)
• Geographically dispersed but mutually oriented actors form global microstructures that bind markets together. (similarity 0.87)
• Markets manifest a third embeddedness type beyond relational and structural forms (similarity 0.86)
• Global markets are assembled through microsocial patterns of relatedness and coordination (similarity 0.86)
• Global market interaction produces intersubjectivity beyond face-to-face encounters (similarity 0.85)
• Global markets form communities of time bound by a common observed screen object. (similarity 0.84)
• Screen-based reciprocal observation can generate intersubjectivity across geographic distance in markets. (similarity 0.83)
• Global social fields can form from micro interactions without complex organization. (similarity 0.82)
• Markets operate as processual social systems shaped by trader practice, knowledge, and globality (similarity 0.82)
• Financial markets show the most intricate response-presence-based global integration (similarity 0.82)
• Schutz tied temporal coordination to shared space, which global electronic trading severs. (similarity 0.82)
• Global traders form communities of time by observing a shared screen object (similarity 0.80)
• Microsocial interactions have risen to structural equivalence with macroscopic global phenomena. (similarity 0.79)

Broader Connections

• Shared temporal structuring of a common object distinguishes global markets from ordinary electronic groups #expands (0.85) — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 141
• Global market interaction produces intersubjectivity beyond face-to-face encounters #expands (0.85) — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 98
• Screen-based reciprocal observation can generate intersubjectivity across geographic distance in markets. #expands (0.85) — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 60
• Global markets form communities of time bound by a common observed screen object. #expands (0.80)
• Economic transactions are governed by their embeddedness in social networks #qualifies (0.80) — TOMASZ OLEJNICZAK, Development of Trust in Low-Trust…, 17
• Markets operate as processual social systems shaped by trader practice, knowledge, and globality #corroborates (0.75) — Karin Knorr Cetina & Urs Bruegger, Global Microstructures, 35