Chapter

Sociology

Robert G. Hagstrom

in Investing

Published by Columbia University Press

Published in print January 2013 | ISBN: 9780231160100
Published online November 2015 | e-ISBN: 9780231531016 | DOI: https://dx.doi.org/10.7312/columbia/9780231160100.003.0004
Sociology

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This chapter examines why markets and economies behave as they do from a sociological perspective. Sociology is the study of how people function in society, with the ultimate hope of understanding group behavior. When we stop to consider that all the participants in a market constitute a group, it is obvious that until we understand group behavior, we can never fully understand how markets and economies work. All of the areas of social science—sociology, political science, economics, and the several subdisciplines within each—are, in one sense, only different platforms from which to think...

Keywords: sociology; group behavior; social sciences; economics; adaptive systems; complexity theory; self-organization; emergent behavior; investing

Chapter.  8196 words. 

Subjects: Financial Markets

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