Economic sociology – old and new Online publication date: Thu, 29-Jan-2015
by Adel Daoud; Bengt Larsson
International Journal of Pluralism and Economics Education (IJPEE), Vol. 2, No. 3, 2011
Abstract: In this article, we discuss 'classical' sociology and 'new' economic sociology to show the interest of sociologists in economic issues and to examine the relationship between economics and sociology from a sociological perspective. We maintain that, besides empirical studies, sociologists have contributed to the analysis of economic systems, organisations, and action through the development of theoretical approaches to answer two basic questions: Why are the neoclassical assumptions about action problematic? And how are rational economic actions and systems produced? Sociologists have worked on three frontiers to answer these questions. First, by developing a more nuanced action theory. Second, by elaborating the concept of embeddedness to capture how economic action is influenced by cognitive, cultural, structural, and political contexts. Third, by understanding the historical differentiation and rationalisation of institutions and action contexts that produces instrumental rationality.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Pluralism and Economics Education (IJPEE):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook