Economic sociology

Economic sociology

Ilan Talmud University of Haifa, Israel

abstract This article surveys contemporary trends in economic sociology, detailing how the emergence of the social embeddedness metaphor has led to various sub-disciplines in the field. Economic sociology depicts the market as a socially constructed feature, (a) structured by networks of social actors who compete, imitate, exploit, and cooperate with one another, (b) enabled and reproduced by social and political institutions according to (c) the basic rules of capitalist political economy, and (d) perceived and enacted by cognitive procedures and normative regimes entailing ideal types, professional language games, myths, and ritualistic processes. 

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