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100 _aSimanyi, Lena, and Pellandini Vargha, Zsuzsanna
_929486
245 _aLegal infrastructures: How laws matter in the organization of new markets
260 _aOrganization Studies
300 _a42(6), Jun, 2021: p.867-889
520 _aResearch into the creation of markets highlights the importance of law-making, seen to express relations between stakeholders in emerging organizational fields. Less understood is the role of existing regulation, despite related work on path-dependency. We unpack the role of extant laws by analysing consecutive attempts to establish the mortgage market in post-socialist Hungary, mobilizing the anthropology of law and actor-network methods. Based on interviews and archival documents, we find, first, that existing laws exert agency in the market-building process not only through abstract legal ‘traditions’ but through technical features which may resist the market arrangements proposed by political-economic coalitions. Second, the resistance of law can vary based on whether its spokespersons (guardians of legal consistency) become ‘market engineers’ under specific organizational configurations. We theorize this agency with the concept of ‘legal infrastructure’, and show how it acts as a non-human organizer of markets, ensuring compatibility across the economy. – Reproduced
650 _aHungary, Infrastructure, Institutionalism, Law, Market-building, Mortgage
_927628
773 _aOrganization Studies
906 _aINSTITUTIONALISM
942 _cAR