This is Part 2 on our discussion of Fligstein’s 1996 article, “Markets as politics: A political-cultural approach to market institutions." Here we work our way through the 16 propositions” (or provocations as we would refer to them)and test them out from a contemporary view. Do they make sense in retrospect? Do they continue to lend themselves toward a useful research agenda? What alternative or additional propositions might we come up with?