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Economic sociology is a rapidly expanding field, applying sociology's core insight--that individuals behave according to scripts that are tied to social roles--to economic behavior. It places homo economicus (that tried-and-true fictive actor who is completely rational, acts only out of self-interest, and has perfect information) in context. In this way, it places a construct into a framework that more closely approximates the world in which we live. But, as an academic field, economic sociology has lost focus. The New Economic Sociology remedies this. The book comprises twenty of the most representative and widely read articles in the field's history--its classics--and organizes them according to four themes at the heart of sociology: institutions, networks, power, and cognition. Dobbin's substantial and engagingly written introduction (including his rich comparison of Yanomamo chest-beaters and Wall Street bond-traders) sets a clear framework for what follows. Gathering force throughout is Dobbin's argument that economic practices emerge through distinctly social processes, in which social networks and power resources play roles in the social construction of certain behaviors as rational or optimal. Not only does Dobbin provide a consummate introduction to the field and its history to students approaching the subject for the first time, but he also establishes a schema for interpreting the field based on an understanding of what economic sociology aims to achieve
Sociological view of the economy /Frank Dobbin --From The Protestant Ethic and the Spirit of Capitalism /Max Weber --Institutionalized organizations : formal structure as myth and ceremony /John W. Meyer and Brian Rowan --Iron Cage Revisited : Institutional Isomorphism and Collective Rationality in Organizational Fields /Paul J. DiMaggio and Walter W. Powell --From Pricing the Priceless Child : The Changing Social Value of Children /Viviana A. Zelizer --Social construction of organizations and markets : the comparative analysis of business recipes /Richard Whitley --Decline and fall of the conglomerate firm in the 1980s : the deinstitutionalization of an organizational form /Gerald F. Davis, Kristina A. Diekmann, and Catherine H. Tinsley --From The Division of Labor in Society /Émile Durkheim --Economic action and social structure : the problem of embeddedness /Mark Granovetter --Embeddedness and immigration : notes on the social determinants of economic action /Alejandro Portes and Julia Sensenbrenner --Structural approach to markets /Eric M. Leifer and Harrison C. White --From Structural Holes : the social structure of competition /Ronald S. Burt --Embeddedness in the making of financial capital : how social relations and networks benefit firms seeking financing /Brian Uzzi --From The German Ideology /Karl Marx --From The Transformation of Corporate Control /Neil Fligstein --From Socializing Capital : The Rise of the Large Industrial Corporation in America /William G. Roy --From City of Capital : Politics and Markets in the English Financial Revolution /Bruce G. Carruthers --From the elementary forms of the religious life /Émile Durkheim --From The Social Construction of Reality : a treatise in the sociology of knowledge /Peter L. Berger and Thomas Luckmann --From Organizations : cognitive limits on rationality /James G. March and Herbert A. Simon --From Sensemaking in Organizations /Karl E. Weick.
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