The Sense of Dissonance :Accounts of Worth in Economic Life

Publication subTitle :Accounts of Worth in Economic Life

Author: Stark David;;;  

Publisher: Princeton University Press‎

Publication year: 2011

E-ISBN: 9781400831005

P-ISBN(Paperback): 9780691132808

Subject: F40 industrial economic theory

Keyword: 社会学,财政、金融

Language: ENG

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Description

What counts? In work, as in other areas of life, it is not always clear what standards we are being judged by or how our worth is being determined. This can be disorienting and disconcerting. Because of this, many organizations devote considerable resources to limiting and clarifying the logics used for evaluating worth. But as David Stark argues, firms would often be better off, especially in managing change, if they allowed multiple logics of worth and did not necessarily discourage uncertainty. In fact, in many cases multiple orders of worth are unavoidable, so organizations and firms should learn to harness the benefits of such "heterarchy" rather than seeking to purge it. Stark makes this argument with ethnographic case studies of three companies attempting to cope with rapid change: a machine-tool company in late and postcommunist Hungary, a new-media startup in New York during and after the collapse of the Internet bubble, and a Wall Street investment bank whose trading room was destroyed on 9/11. In each case, the friction of competing criteria of worth promoted an organizational reflexivity that made it easier for the company to change and deal with market uncertainty. Drawing on John Dewey's notion that "perplexing situations" provide opportunities for innovative inquiry, Stark argues that the dissonance of diverse principles can lead to discovery.

Chapter

A Metaphor for Organization in the Twenty-first Century

Worth in Contentious Situations

2 Work, Worth, and Justice in a Socialist Factory

The Partnership as Proof

Distributive Justice inside the Partnership

Maneuvering across Economies

Epilogue

3 Creative Friction in a New-Media Start-Up

An Ecology of Value

The Firm and the Project Form

Distributing Intelligence

Organizing Dissonance

Discursive Pragmatism and Bountiful Friction

Epilogue

4 The Cognitive Ecology of an Arbitrage Trading Room

Studying Quantitative Finance

Arbitrage, or Quantitative Finance in the Search for Qualities

The Trading Room as a Space for Associations

The Trading Room as an Ecology

The Trading Room as a Laboratory

The Pursuit of New Properties

Epilogue

5 From Field Research to the Field of Research

From Classification to Search

From Diversity of Organizations to the Organization of Diversity

From Unreflective Taken-for-Granteds to Reflexive Cognition

From Shared Understandings to Coordination through Misunderstanding

From Single Ethnographies to the Broader Sites of Situations

Reprise

Acknowledgments

Bibliography

Index

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