Research Article

Drawing The Boundaries Of Economic Sociology: A Critical Assessment

Volume: 5 Number: 3 September 18, 2021
TR EN

Drawing The Boundaries Of Economic Sociology: A Critical Assessment

Abstract

It can be argued that the core of the subfield of new economic sociology (NES) is consisted of two inter-related yet distinct foundational criticisms by the sociologists to mainstream economics: i) that its commitment to rational choice leads to an “under-socialized” concept of the agent; and ii) that it can correct the mainstream understanding of market affairs, if the concept of “embeddedness” is included in the analysis. In this paper, I will argue that these dual criticisms are insufficient, due to; first, even in the economics discipline itself, such a reconceptualization of the agent had already been posed long before the NES scholars even formulated their criticisms, and thus such criticisms had already been absorbed by the conventional economic thinking as exceptions to the rule; and second, the introduction of the concept of “embeddedness” by the NES cannot overturn neoclassical economics, since the NES scholars hardly differ from the heterodox-minded economists as both focus merely on the interpersonal and situational (while largely dismissing the structural) dimensions of power relations.

Keywords

References

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Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Publication Date

September 18, 2021

Submission Date

July 6, 2021

Acceptance Date

August 24, 2021

Published in Issue

Year 2021 Volume: 5 Number: 3

APA
Sadi, İ. E. (2021). Drawing The Boundaries Of Economic Sociology: A Critical Assessment. Fiscaoeconomia, 5(3), 936-956. https://doi.org/10.25295/fsecon.963161
AMA
1.Sadi İE. Drawing The Boundaries Of Economic Sociology: A Critical Assessment. FSECON. 2021;5(3):936-956. doi:10.25295/fsecon.963161
Chicago
Sadi, İhsan Ercan. 2021. “Drawing The Boundaries Of Economic Sociology: A Critical Assessment”. Fiscaoeconomia 5 (3): 936-56. https://doi.org/10.25295/fsecon.963161.
EndNote
Sadi İE (September 1, 2021) Drawing The Boundaries Of Economic Sociology: A Critical Assessment. Fiscaoeconomia 5 3 936–956.
IEEE
[1]İ. E. Sadi, “Drawing The Boundaries Of Economic Sociology: A Critical Assessment”, FSECON, vol. 5, no. 3, pp. 936–956, Sept. 2021, doi: 10.25295/fsecon.963161.
ISNAD
Sadi, İhsan Ercan. “Drawing The Boundaries Of Economic Sociology: A Critical Assessment”. Fiscaoeconomia 5/3 (September 1, 2021): 936-956. https://doi.org/10.25295/fsecon.963161.
JAMA
1.Sadi İE. Drawing The Boundaries Of Economic Sociology: A Critical Assessment. FSECON. 2021;5:936–956.
MLA
Sadi, İhsan Ercan. “Drawing The Boundaries Of Economic Sociology: A Critical Assessment”. Fiscaoeconomia, vol. 5, no. 3, Sept. 2021, pp. 936-5, doi:10.25295/fsecon.963161.
Vancouver
1.İhsan Ercan Sadi. Drawing The Boundaries Of Economic Sociology: A Critical Assessment. FSECON. 2021 Sep. 1;5(3):936-5. doi:10.25295/fsecon.963161

Cited By

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