W7.2 April 19 (Fri) Kim da young

 summary

Economic sociology is the study of the social cause and effect of various economic phenomena. The field can be broadly divided into a classical period and a contemporary one, known as "new economic sociology".The classical period was concerned particularly with modernity and its constituent aspects, including rationalisation, secularisation, urbanisation, and social stratification. As sociology arose primarily as a reaction to capitalist modernity, economics played a role in much classic sociological inquiry. The specific term "economic sociology" was first coined by William Stanley Jevons in 1879, later to be used in the works of Émile Durkheim, Max Weber and Georg Simmel between 1890 and 1920. Weber's work regarding the relationship between economics and religion and the cultural "disenchantment" of the modern West is perhaps most representative of the approach set forth in the classic period of economic sociology.Contemporary economic sociology may include studies of all modern social aspects of economic phenomena; economic sociology may thus be considered a field in the intersection of economics and sociology. Frequent areas of inquiry in contemporary economic sociology include the social consequences of economic exchanges, the social meanings they involve and the social interactions they facilitate or obstruct.

Interesting point

Modern economic sociology, often known as neurosociology, was brought together by Mark Granovetter's 1985 book "Economic Behavior and Social Structure: The Problem of Embeddedness." The study elaborated on the notion that economic relationships between individuals or businesses arise within existing social relationships (and are therefore structured not only by these relationships but also by the larger social structures of which they are a part). Social network analysis has been the main methodology to study this phenomenon. Granovetter's theory of the strength of weak ties and Ronald Burt's concept of structural holes are two of the best-known theoretical contributions in this field.

Points to discuss  

What kind of economic phenomena does economic sociology involve?


Comments

  1. 김은선April 20, 2024 at 8:04 AM

    Economic sociology studies social inequality in the distribution of income, property, and power, and explores how government economic policies affect social groups and interventions.

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