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Sociology And The Economic Sciences

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Chapter Summary

This chapter reflects on the relations between sociology and the economic sciences, the organizers of the IIS-congress created a nice coincidence with the publication of the second edition of The Handbook of Economic Sociology. It develops a series of paradoxes concerning the evolution of fundamental underpinnings of micro-economic theory-namely the postulate of economic rationality, its behavioral manifestations, and the dynamics of how it works out in market situations. The economic predilection is to stress the individualistic, atomistic, voluntaristic side of action, the sociological the constraining and determining features of an independent, social level of analysis. The idea of system has always been at the core of macro-economics, expressed not only as interrelation among different parts but also in the notion that some kind of equilibrium results from action among economic agents.

Keywords: economic rationality; economic sciences; sociology

10.1163/ej.9789004165694.i-450.55
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