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Abstract.  This paper argues that Weber's outline and research program is only of limited relevance for present‐day economic sociology and heterodox economics because Weber had a rather narrow and static understanding of rationality and the economy. Uncertainty, both as a basic fact of economic life and in the interpretation of what rational action means in specific contexts, is missing in his approach. After a short discussion of the secondary literature on Weber's methodology, the paper focuses on the most important writings of Weber on methods and economics (e.g., his outline and some parts of Economy and Society). The result of our investigation is that Weber shared a rather narrow, neoclassical understanding of the Austrian variant of economics. His important construction of goal‐oriented behavior as the major methodological advice to analyze human action presupposes the idealized assumptions of perfect knowledge. His understanding of the market exchange process, price setting, and the functioning of full competition are rather conventional and elementary. Weber's genius did not materialize in the field of economics, but in his sociology of religion and law and in his sociology of domination.

Founded in 1919 (MA and PhD) programs), the school now has 500 students in departments of economics, sociology and politics. Extensive research is pursued on such problems as partition, cooperative farming, and the effects of war-time controls on inflation on the different sectors of the economy. Future plans include an industrial economics section, studies on international affairs and a social psychology section. D. Wolsk.

Abstract.  This article focuses on Parsonian economic sociology and its actual or potential bridges and contributions to contemporary economics. These bridges are methodological or epistemological and theoretical or substantive ones. A relevant instance of the methodological bridges is socioeconomic holism, epitomized in the systems approach to economy and society. An important case of the theoretical bridges is sociological institutionalism. The holistic systems approach is a pertinent methodological bridge in that it treats the economy as an integral element of society as a larger system, and consequently treats economics as part of the complex of social sciences. Sociological institutionalism is an important theoretical bridge to (especially institutional) economics by virtue of its emphasis on social institutions and their economic significance. Some other methodological and theoretical bridges of Parsonian economic sociology to contemporary economics are also identified and discussed.

Issued from vol. 1- in series Bulletin of the University of Iowa; in series Bulletin of the State University of Iowa. ; Mode of access: Internet.