Theory and Society 42(2)

Theory and Society, March 2013; Volume 42, Issue 2

From social control to financial economics: the linked ecologies of economics and business in twentieth century America
Marion Fourcade and Rakesh Khurana

This article draws on historical material to examine the co-evolution of economic science and business education over the course of the twentieth century, showing that fields evolve not only through internal struggles but also through struggles taking place in adjacent fields. More specifically, we argue that the scientific strategies of business schools played an essential—if largely invisible and poorly understood—role in major transformations in the organization and substantive direction of social-scientific knowledge, and specifically economic knowledge, in twentieth century America. We use the Wharton School as an illustration of the earliest trends and dilemmas (ca. 1900–1930), when business schools found themselves caught between their business connections and their striving for moral legitimacy in higher education. Next, we look at the creation of the Carnegie Tech Graduate School of Industrial Administration after World War II. This episode illustrates the increasingly successful claims of social scientists, backed by philanthropic foundations, on business education and the growing appeal of “scientific” approaches to decision-making and management. Finally, we argue that the rise of the Graduate School of Business at the University of Chicago from the 1960s onwards (and its closely related cousin at the University of Rochester) marks the decisive ascendancy of economics, and particularly financial economics, in business education over the other behavioral disciplines. We document the key role of these institutions in diffusing “Chicago-style” economic approaches—offering support for deregulatory policies and popularizing narrowly financial understandings of the firm—that sociologists have described as characteristic of the modern neo liberal regime.

Security a la Mexicana: on the particularities of security governance in México’s War on Crime
Keith Guzik

Social scientists from different fields have identified security as a future-oriented mode of governance designed to preserve the social order from diverse types of global risk through international cooperation, militarization and privatization of the state security apparatus, surveillance technologies, community policing, and stigmatization of identities and behaviors deemed dangerous. This literature has largely been limited to English-speaking countries in the Global North, however, that are relatively “secure.”. To understand how security operates in a different context, this article focuses on the current War on Crime in México using newspaper and magazine articles, government documents, and extant academic research. In México, it is argued, the basic elements of security governance (international cooperation, militarized police, surveillance technologies, law, etc.) are present, but in modified form. Rather than focusing on external risks that could develop into future threats, security in México is turned inward against traditional forms of national economic, political, and cultural life thought to produce harm in the present. This, in turn, underscores security’s unique purpose in the country, which is not to preserve the prevailing social order, but to transform an emergent social order that through globalization has come to threaten the state’s legitimacy. These observations suggest an international divide in the operation of security that leaves those most vulnerable in the Global South to bear the greatest costs.

The true citizens of the city of God: the cult of saints, the Catholic social order, and the urban Reformation in Germany
Steven Pfaff

Historical scholarship suggests that a robust cult of the saints may have helped some European regions to resist inroads by Protestantism. Based on a neo-Durkheimian theory of rituals and social order, I propose that locally based cults of the saints that included public veneration lowered the odds that Protestantism would displace Catholicism in sixteenth-century German cities. To evaluate this proposition, I first turn to historical and theoretical reflection on the role of the cult of the saints in late medieval history. I then test the hypothesis with a data set of sixteenth-century German cities. Statistical analysis provides additional support for the ritual and social order thesis because even when several important variables identified by materialist accounts of the Reformation in the social scientific literature the presence of shrines as an indicator for the cult of the saints remains large and significant. Although large-scale social change is usually assumed to have politico-economic sources, this analysis suggests that cultural factors may be of equal or greater importance.