A Weberian Analysis of Business Groups and Financial Markets: Trade Relations in Taiwan and Korea and some Major Stock Exchanges

The moral economy, as a set of rules regulating market transactions, has been researched and debated since the 1980s. This volume explores Weber's contribution to the subject, formulating two models of business relations derived from his writings and empirical case studies. It also examines the conduct of actors in leading financial markets.

Format: Paperback / softback
Length: 142 pages
Publication date: 31 March 2022
Publisher: Taylor & Francis Ltd

Since the 1980s, the moral economy, a framework of regulations governing market transactions, has been a subject of extensive research and discussion. It has also garnered the attention of classical sociological scholars like Weber, Simmel, and Toennies. Weber, in particular, delved into the rules of the moral economy in financial markets, and this book sheds light on his significant contribution to the field. The book presents two models of business relations: an oligopolistic model and a free-competition model. These models are derived from the writings of Weber and Simmel and serve as alternative embodiments of the moral economy. To illustrate the two models and emphasize their consequences, empirical case studies are included, focusing on South Korea and Taiwan. Furthermore, the volume examines the behavior of actors in some of the major financial markets, drawing upon Weber's insights into the 19th-century London and Berlin Stock Exchanges.

Since the 1980s, the moral economy, a framework of regulations governing market transactions, has been a subject of extensive research and discussion. It has also garnered the attention of classical sociological scholars like Weber, Simmel, and Toennies. Weber, in particular, delved into the rules of the moral economy in financial markets, and this book sheds light on his significant contribution to the field. The book presents two models of business relations: an oligopolistic model and a free-competition model. These models are derived from the writings of Weber and Simmel and serve as alternative embodiments of the moral economy. To illustrate the two models and emphasize their consequences, empirical case studies are included, focusing on South Korea and Taiwan. Furthermore, the volume examines the behavior of actors in some of the major financial markets, drawing upon Weber's insights into the 19th-century London and Berlin Stock Exchanges.

ISBN-13: 9781138618725