What Can Political Economists Learn From Economic Sociologists? A Case Study of NASDAQ

This article discusses what insights economic sociology brings to a political economy of communication. By using NASDAQ at its initial stage as a case study, this article suggests that economic sociological work influenced by science and technology studies (STS) sheds light on a political economic understanding of financial information by taking neoclassical economic claims more seriously and by understanding how those claims became reality. However, political economists have to be cautious of sociological economists' inattentiveness to power in the financial markets. Nonetheless, STS writings may have alluded to how power could be studied through the concept of “macroactors.”