Recent work in economic sociology repre-sents one of the most exciting developments in the field insofar as it promises to vindicate the heritage of Max Weber in the analysis of economic life and, by the same token, to rescue this vast area from the exclusive sway of the neoclassical perspective. Spearheaded by Mark Granovetter’s (1985) critique of a pure “market” approach to economic action, the sociological perspective has been reinforced by the introduction and subsequent use of the concepts of “social capital” (Bourdieu 1979; Bourdieu, Newman, and Wacquant 1991; Coleman 1988), the emphasis on the predictive power of contextual variables in addition to individual characteristics (Wellman and Wortley 1990), and extensive research on the structure and dynamics of social networks (Marsden 1990; Laumann and Knoke 1986; Mintz and Schwartz 1985; White 1970).
|Original language||English (US)|
|Title of host publication||The Sociology of Economic Life, Third Edition|
|Publisher||Taylor and Francis|
|Number of pages||23|
|State||Published - Jan 1 2018|
ASJC Scopus subject areas
- Social Sciences(all)