Economic Sociology

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Applying the sociological approach to economic phenomena is an endeavor which was neglected for a half century or so, but has been enjoying lively attention during the last ten to 15 years. After the first article, which is an introductory survey of major traditions of the field, 23 readings are arranged in two sections: early contributions, and new economic sociology. Each begins with an abstract, and they are written by such contributors to the discipline as Max Weber, Joseph Schumpeter, and Karl Polanyi, among others, and reprinted from journals such as Economy and Society, J. of General Education, J. of Institutional and Theoretical Economics, and Social Research, among others. No subject index. Distributed by Ashgate. Annotation c. Book News, Inc., Portland, OR (
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Table of Contents

1 Major Traditions of Economic Sociology 1
2 The National State and Economic Policy (Freiburg Address, 1895) 29
3 Marginal Utility Theory and "The Fundamental Law of Psychophysics" 51
4 The Social Causes of the Decay of Ancient Civilization 67
5 The Crisis of the Tax State 81
6 The Communist Manifesto in Sociology and Economics 115
7 Joseph A. Schumpeter and the Tradition of Economic Sociology 129
8 Our Obsolete Market Mentality 146
9 Markets and Other Allocation Systems in History: The Challenge of Karl Polanyi 155
10 Karl Polanyi: His Life and Times 169
11 The Motivation of Economic Activities 202
12 The Symbolic Environment of Modern Economies 218
13 Economic Action and Social Structure: The Problem of Embeddedness 239
14 Economic Institutions as Social Constructions: A Framework for Analysis 269
15 "Dirty Hands" versus "Clean Models": Is Sociology in Danger of Being Seduced by Economics? 278
16 Beyond the Polemics on the Market: Establishing a Theoretical and Empirical Agenda 298
17 Social Capital in the Creation of Human Capital 319
18 Melding Sociology and Economics: James Coleman's Foundations of Social Theory 345
19 The Social Structure of a National Securities Market 369
20 Where Do Markets Come From? 406
21 Nobel Lecture: The Economic Way of Looking at Behavior 437
22 Historical Alternatives to Mass Production: Politics, Markets and Technology in Nineteenth-Century Industrialization 462
23 Structural Change in Corporate Organization 506
24 The Impact of Economics on Contemporary Sociology 530
Name Index 567
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