This paper presents a new agenda for analyzing the consequences from investments in human capital by suggesting that sociological research should focus on particular sectors of society, that performances other than economic growth and productivity should be considered, and that the role of the...

The progress of markets erodes traditional relations of social solidarity that are essential for the stability and performance of societies. As markets advance, pressures build on the state to replace informal social obligations with formal ones. Regulation may fail, however, which tends to give...

Flexible markets require flexible societies; humans, however, need a stable social order. According to received wisdom, when capitalist development razes traditional social structures, society fights back, and welfare state policies organize new stability to replace the old. More market produces...