Officially registered in the Federal Service for Supervision in the Area of Telecom, Information Technologies and Mass Communications
Electronic No. 77-8029.

On the web since fall 2000

Journal of Economic Sociology is indexed by Emerging Sources Citation Index (ESCI) from Web of Science™ Core Collection

Funded by the National Research University Higher School of Economics since 2007.

Mitchell Abolafia

Making Sense of Recession: Toward an Interpretive Theory of Economic Action

2007. Vol. 8. No. 5. P. 55–73 [issue contents]

By reading the text we are taken to the meeting of Federal Reserve System Committee of the USA which takes the key decisions on money policy. We find out that the development of money policy is far from the mechanic process of aggregating the individual preferences of those who are responsible for taking decisions. We speak about very complicated process of bargaining of various interests and positions. From the beginning the participants of this process are aimed at the consensus and legitimization of their actions in the eyes of public opinion.    

Citation: Abolafia Mitchell (2007) Kak vyrabatyvaetsya ponimanie ekonomicheskogo spada: interpretativnaya teoriya khozyaystvennogo deystviya [Making Sense of Recession: Toward an Interpretive Theory of Economic Action] Economic Sociology, 5, pp. 55-73 (in Russian)
Rambler's Top100 rss