Article

Economic Sociology

Frederick Wherry

in Sociology

ISBN: 9780199756384
Published online July 2011 | | DOI: http://dx.doi.org/10.1093/obo/9780199756384-0015
Economic Sociology

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  • Sociology
  • Comparative and Historical Sociology
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  • Social Movements and Social Change
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Economic sociology is the study of the relationship between society and the market. The field incorporates insights from economics, behavioral psychology, economic anthropology, and cultural anthropology. Structural and cultural approaches largely characterize the studies conducted in the field, with the former associated with networks, institutions, and social organization; the latter, rituals, symbols, cognitive frameworks, and narratives. Economic sociologists study how social networks and relationships affect economic actions, such as the provision of loans, the acquisition of a job, and the successful construction of deals. Empirical studies examine how prices are set, why some pricing schemes that do not seem rational are instead understandable and predictable, and how markets are incorporated into social life, and vice versa.

Article.  10845 words. 

Subjects: Sociology ; Comparative and Historical Sociology ; Economic Sociology ; Gender and Sexuality ; Health, Illness, and Medicine ; Population and Demography ; Race and Ethnicity ; Social Movements and Social Change ; Social Stratification, Inequality, and Mobility ; Social Theory

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