Abstract

The economic effects of social structure are dependent on culture and must be understood in their cultural context. The authors demonstrate this with an analysis of the Liverpool slave trade. They show that as abolitionism became more salient in British culture, connections in a coinvestment network to both slavers and nonslavers mattered much more for predicting entry into the slave trade. As abolitionism rose, nonslavers in that public network gained relatively more influence than slavers, but the reverse was true in the private network of an elite social club. Furthermore, the status of a potential slaver mattered much more during the abolition era, as the emergent clarity of norms against slaving constrained high-status traders less than middle-status traders. The authors present advice to network and status theorists as to how they can reflect cultural contingency even in studies conducted in stable cultural contexts, thereby creating a more integrated and robust economic sociology.

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