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Proposes an alternative to theories focusing on cumulative individual behavior to explain the generation of economic organizations, based on the general equilibrium theory Walrasian conception of the economy that stresses the interaction & connectedness of markets in & across economies. It is argued that market participants are embedded in organized environments that steer & constrain both firm-level & individual economic processes. Calculability, generalized through price systems, helps rationalize an economy's organization, causing firms to coordinate or not coordinate their activities in a business group, depending on price incentives. These system actions are mutually maintained & require participants to play by the rules of the organizational game. Economic organization theories that assume individual aggregation are summarized, along with the benefits of a neo-Walrasian conception, as opposed to bottom-up theories, for addressing the effects of economic organizations on the formation of a complex capitalist economy. It is maintained that both economic & noneconomic factors are important in understanding structural differences among capitalist economies. 90 References. J. Lindroth