Victor Nee is Goldwin Smith Professor of Sociology and Director of the Center for the Study of Economy and Society at Cornell University. His books include "Remaking the American Mainstream" and "The New Institutionalism in Sociology". Richard Swedberg is Professor of Sociology and Associate Director of the Center for the Study of Economy and Society at Cornell University. He is the author of "Principles of Economic Sociology" and "Max Weber and the Idea of Economic Sociology" (both Princeton) and the coeditor of "The Handbook of Economic Sociology, Second Edition" (Princeton).

"By proposing a shift of focus for economic sociology in an important and so far underinvestigated realm, this book represents a significant advancement in the further development of the field. What has been underemphasized in the new economic sociology, the editors rightly claim, is a more macro-oriented investigation of the operation of capitalism as an economic and social system. The high quality contributions in The Economic Sociology of Capitalism address concerns that have stood at the center of classical works in economic sociology by Weber, Durkheim, Polanyi, and Schumpeter which are still important and will find more attention through this volume." - Jens Beckert, Georg-August-Universitat Gottingen, author of Beyond the Market"

• Foreword: Institutions, Markets, and Games by Avner Greif ix Acknowledgments xxxiii Introduction by Victor Nee and Richard Swedberg xxxv PART I: The New Study of Capitalism 1 The Economic Sociology of Capitalism: An Introduction and Agenda by Richard Swedberg 3 Capitalism and Economic Growth by Douglass C. North 41 Organizational Dynamics of Institutional Change: Politicized Capitalism in China by Victor Nee 53 Still Disenchanted? The Modernity of Postindustrial Capitalism by Francis Fukuyama 75 The Challenges of the "Institutional Turn": New Interdisciplinary Opportunities in Development Theory by Peter Evans 90 PART 2: Institutions of American Capitalism 117 States, Markets, and Economic Growth by Neil Fligstein 119 Venture Capital and Modern Capitalism by John Freeman 144 The Economic Sociology of Organizational by Entrepreneurship: Lessons from the Stanford by Project on Emerging Companies by James N. Baron and Michael T. Hannan 168 Making Sense of Recession: Toward an Interpretive by Theory of Economic Action by Mitchel Y. Abolafia 204 Information Inequality and Network Externalities: A Comparative Study of the Diffusion of Television by and the Internet by Paul DiMaggio and Joseph Cohen 227 Affective Attachment in Electronic Markets: A Sociological Study of eBay by Ko Kuwabara 268 Circuits within Capitalism by Viviana A. Zelizer 289 PART 3: Global Transformation and by Institutional Change 323 Brain Circulation and Capitalist Dynamics: Chinese by Chipmaking and the SiliconValley-Hsinchu-Shanghai Triangle by AnnaLee Saxenian 325 The Globalization of Stock Markets and Convergence in Corporate Governance by Gerald F. Davis and Christopher Marquis 352 Fiscal Sociology in an Age of Globalization: Comparing Tax Regimes in Advanced Capitalist Countries by John L. Campbell 391 Trouble in Paradise: Institutions in the Japanese by Economy and the Youth Labor Market by Mary C. Brinton 419 List of Contributors 445 Index 447

Victor Nee is Goldwin Smith Professor of Sociology and Director of the Center for the Study of Economy and Society at Cornell University. His books include "Remaking the American Mainstream" and "The New Institutionalism in Sociology". Richard Swedberg is Professor of Sociology and Associate Director of the Center for the Study of Economy and Society at Cornell University. He is the author of "Principles of Economic Sociology" and "Max Weber and the Idea of Economic Sociology" (both Princeton) and the coeditor of "The Handbook of Economic Sociology, Second Edition" (Princeton).

"By proposing a shift of focus for economic sociology in an important and so far underinvestigated realm, this book represents a significant advancement in the further development of the field. What has been underemphasized in the new economic sociology, the editors rightly claim, is a more macro-oriented investigation of the operation of capitalism as an economic and social system. The high quality contributions in The Economic Sociology of Capitalism address concerns that have stood at the center of classical works in economic sociology by Weber, Durkheim, Polanyi, and Schumpeter which are still important and will find more attention through this volume." - Jens Beckert, Georg-August-Universitat Gottingen, author of Beyond the Market"

• Foreword: Institutions, Markets, and Games by Avner Greif ix Acknowledgments xxxiii Introduction by Victor Nee and Richard Swedberg xxxv PART I: The New Study of Capitalism 1 The Economic Sociology of Capitalism: An Introduction and Agenda by Richard Swedberg 3 Capitalism and Economic Growth by Douglass C. North 41 Organizational Dynamics of Institutional Change: Politicized Capitalism in China by Victor Nee 53 Still Disenchanted? The Modernity of Postindustrial Capitalism by Francis Fukuyama 75 The Challenges of the "Institutional Turn": New Interdisciplinary Opportunities in Development Theory by Peter Evans 90 PART 2: Institutions of American Capitalism 117 States, Markets, and Economic Growth by Neil Fligstein 119 Venture Capital and Modern Capitalism by John Freeman 144 The Economic Sociology of Organizational by Entrepreneurship: Lessons from the Stanford by Project on Emerging Companies by James N. Baron and Michael T. Hannan 168 Making Sense of Recession: Toward an Interpretive by Theory of Economic Action by Mitchel Y. Abolafia 204 Information Inequality and Network Externalities: A Comparative Study of the Diffusion of Television by and the Internet by Paul DiMaggio and Joseph Cohen 227 Affective Attachment in Electronic Markets: A Sociological Study of eBay by Ko Kuwabara 268 Circuits within Capitalism by Viviana A. Zelizer 289 PART 3: Global Transformation and by Institutional Change 323 Brain Circulation and Capitalist Dynamics: Chinese by Chipmaking and the SiliconValley-Hsinchu-Shanghai Triangle by AnnaLee Saxenian 325 The Globalization of Stock Markets and Convergence in Corporate Governance by Gerald F. Davis and Christopher Marquis 352 Fiscal Sociology in an Age of Globalization: Comparing Tax Regimes in Advanced Capitalist Countries by John L. Campbell 391 Trouble in Paradise: Institutions in the Japanese by Economy and the Youth Labor Market by Mary C. Brinton 419 List of Contributors 445 Index 447

Victor Nee is Goldwin Smith Professor of Sociology and Director of the Center for the Study of Economy and Society at Cornell University. His books include "Remaking the American Mainstream" and "The New Institutionalism in Sociology". Richard Swedberg is Professor of Sociology and Associate Director of the Center for the Study of Economy and Society at Cornell University. He is the author of "Principles of Economic Sociology" and "Max Weber and the Idea of Economic Sociology" (both Princeton) and the coeditor of "The Handbook of Economic Sociology, Second Edition" (Princeton).

"By proposing a shift of focus for economic sociology in an important and so far underinvestigated realm, this book represents a significant advancement in the further development of the field. What has been underemphasized in the new economic sociology, the editors rightly claim, is a more macro-oriented investigation of the operation of capitalism as an economic and social system. The high quality contributions in The Economic Sociology of Capitalism address concerns that have stood at the center of classical works in economic sociology by Weber, Durkheim, Polanyi, and Schumpeter which are still important and will find more attention through this volume." - Jens Beckert, Georg-August-Universitat Gottingen, author of Beyond the Market"

• Foreword: Institutions, Markets, and Games by Avner Greif ix Acknowledgments xxxiii Introduction by Victor Nee and Richard Swedberg xxxv PART I: The New Study of Capitalism 1 The Economic Sociology of Capitalism: An Introduction and Agenda by Richard Swedberg 3 Capitalism and Economic Growth by Douglass C. North 41 Organizational Dynamics of Institutional Change: Politicized Capitalism in China by Victor Nee 53 Still Disenchanted? The Modernity of Postindustrial Capitalism by Francis Fukuyama 75 The Challenges of the "Institutional Turn": New Interdisciplinary Opportunities in Development Theory by Peter Evans 90 PART 2: Institutions of American Capitalism 117 States, Markets, and Economic Growth by Neil Fligstein 119 Venture Capital and Modern Capitalism by John Freeman 144 The Economic Sociology of Organizational by Entrepreneurship: Lessons from the Stanford by Project on Emerging Companies by James N. Baron and Michael T. Hannan 168 Making Sense of Recession: Toward an Interpretive by Theory of Economic Action by Mitchel Y. Abolafia 204 Information Inequality and Network Externalities: A Comparative Study of the Diffusion of Television by and the Internet by Paul DiMaggio and Joseph Cohen 227 Affective Attachment in Electronic Markets: A Sociological Study of eBay by Ko Kuwabara 268 Circuits within Capitalism by Viviana A. Zelizer 289 PART 3: Global Transformation and by Institutional Change 323 Brain Circulation and Capitalist Dynamics: Chinese by Chipmaking and the SiliconValley-Hsinchu-Shanghai Triangle by AnnaLee Saxenian 325 The Globalization of Stock Markets and Convergence in Corporate Governance by Gerald F. Davis and Christopher Marquis 352 Fiscal Sociology in an Age of Globalization: Comparing Tax Regimes in Advanced Capitalist Countries by John L. Campbell 391 Trouble in Paradise: Institutions in the Japanese by Economy and the Youth Labor Market by Mary C. Brinton 419 List of Contributors 445 Index 447