Publications by Adam Goldstein
November 1, 2015 • Working Papers • By Adam Goldstein, Neil Fligstein and Orestes P. Hastings
Abstract Sociologists conceptualize lifestyles as structured hierarchically where people seek to emulate those higher up. Growing income inequality in the U.S. means those at the top bid up the price…
Bankers in the Ivory Tower: The Financialization of Governance at the University of California
August 2, 2013 • Working Papers • By Adam Goldstein, Alexander Roehrkasse, Charlie Eaton, Jacob Habinek, Mukul Kumar and Tamera Lee Stover
Abstract This paper examines the recent changes in the relationships between public research universities and financial markets, using the University of California as a case study. Between 2003 and 2011,…
The Transformation of Mortgage Finance and the Industrial Roots of the Mortgage Meltdown
October 1, 2012 • Working Papers • By Adam Goldstein and Neil Fligstein
Abstract The 2007-2009 financial crisis was centered on the mortgage industry. This paper develops a distinctly sociological explanation of that crisis based on Fligstein’s (1996) markets as politics approach and…
Sucker Punched by the Invisible Hand
September 1, 2012 • Working Papers • By Adam Goldstein and Neil Fligstein
Abstract The worldwide financial crisis of 2007-2010 was set off by the collapse of the subprime mortgage market in the U.S. This crisis caused widespread banking failure in the U.S.
The Emergence of a Finance Culture in American Households
August 1, 2012 • Working Papers • By Adam Goldstein and Neil Fligstein
Abstract The worldwide financial crisis of 2007-2010 was set off by the collapse of the subprime mortgage market in the U.S. This crisis caused widespread banking failure in the U.S.
Catalyst of Disaster: Subprime Mortgage Securitization and the Roots of the Great Recession
September 1, 2011 • Working Papers • By Adam Goldstein and Neil Fligstein
The main cause of the “Great Recession” was the unraveling of the mortgage secularization industry beginning in 2007. What had been a relatively small niche market at the beginning of…