List of Figures ix

Preface xi

1 Economics and Social Networks 1

Mainstream and Alternative Economic Theories 3

The Economic Sociology Perspective 13

The Social Network Perspective 21

Summary and Outline of the Book 24

2 Markets and Networks 25

Labor Markets 28

Consumer Markets 41

Producer Markets 56

Summary 64

3 Networks inside Organizations 66

Micro-Network Concepts 69

Social Capital 75

Forming Employee Networks 81

Network Outcomes 90

Team Networking 105

Summary 110

4 Networks among Organizations 111

Business Startup Networks 112

Business Groups 118

Interlocking Directorates 128

Strategic Alliances 131

Evolution of Interorganizational Networks 146

Summary 155

5 Global Networks 157

International Networks 158

Supply and Commodity Chains 163

World Cities Networks 165

A Transnational Capitalist Class? 171

Networks of the Global Financial Crisis 177

Summary 186

6 Looking Forward 187

Theory Construction 188

Empirical Tools 191

Connecting Economy and Polity 193

Appendix: Network Resources 197

References 200

Index 232

David Knoke is professor of sociology at the University of Minnesota.