Neil Fligstein - The Architecture of Markets (2001)

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Initial formation of policy domains and the rules they create affecting property rights, governance structures, and rules of exchange shape the development of new markets because they produce cultural templates that determine how to organize in a given society.

Neil Fligstein
The key insight of the approach is to consider that social action takes place in arenas, what may be called fields, domains, sectors, or organized social spaces... Fields contain collective actors who try to produce a system of domination in that space. To do so requires the production of a local culture that defines local social relations between actors.

Neil Fligstein
State building can be viewed as the historical process by which groups outside of the state are able to get domains organized by the state to make rules for some set of societal fields. These rules reflect the interests of the most powerful groups in various fields. Politically oriented social movements are, by definition, outside of some established field of a given state. They are oriented toward either creating a new domain where they will have power, or taking over and transforming an existing domain or even the entire state. At any given moment, there are political projects in the fields that make up states (i. e., normal politics) and social movements oriented toward altering incumbents' ability to set rules.

Neil Fligstein
The main problem actors face is uncertainty caused by difficulties in finding suppliers and customers and in controlling their own firm.

Neil Fligstein