Cover image for The emergence of organizations and markets
Title:
The emergence of organizations and markets
Author:
Padgett, John Frederick.
ISBN:
9781400845552
Publication Information:
Princeton : Princeton University Press, ©2012.
Physical Description:
1 online resource
General Note:
Includes index.
Abstract:
The social sciences have sophisticated models of choice and equilibrium but little understanding of the emergence of novelty. Where do new alternatives, new organizational forms, and new types of people come from? Combining biochemical insights about the origin of life with innovative and historically oriented social network analyses, John Padgett and Walter Powell develop a theory about the emergence of organizational, market, and biographical novelty from the coevolution of multiple social networks. They demonstrate that novelty arises from spillovers across intertwined networks in differ.
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