Talk: The Emergence of Organizations and Markets


Apr
09
2013

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  • Speaker: John Padgett, Professor of Political Science (courtesy Sociology, History)
  • Host Department: Center for the Study of Complex Systems
  • Date: 04/09/2013
  • Time: 12:00 PM - 1:00 PM

  • Location: 411 West Hall 1085 S. University Street

  • Description:

    Description of the recent published "The Emergence of Organizations and Market", eds. John Padgett and Walter Powell. 2012. Princeton University Press.

    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 different domains. In the short run actors make relations, but in the long run relations make actors