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| the economics and sociology of capitalism: The Economics and Sociology of Capitalism Joseph A. Schumpeter, 1991-01-21 Joseph Schumpeter remains a highly enigmatic theorist in the history of modern economics. His contributions, however, sought unity among theoretical economics, economic sociology, history, and statistics during a time when emphasis on such matters has been decidedly losing ground within the academic profession on both sides of the Atlantic. This anthology is a timely response to the reigning orthodoxy, expecially in view of renewed interest in political economy since the 1970s. It is a superb collection of Schumpeter's essays, some of which are printed in their entirety for the first time, such as An Economic Interpretation of Our Time, an unpublished essay which was delivered as a Lowell Lecture in 1941. The informative introduction covers the intellectual as well as personal dimensions of Schumpeter, both during his formative European period and in his fully developed but somewhat unhappy American years. ISBN 0-691-04253-5: $50.00. |
| the economics and sociology of capitalism: Joseph A. Schumpeter Richard Swedberg, 2013-05-02 Joseph A. Schumpeter (1883-1950) is one of the most celebrated authors on the economics and sociology of the twentieth century. Richard Swedberg's new biography provides an engaging and vivid account of Schumpeter's varied life, including his ventures into politics and private banking as well as his academic career. As a backdrop to these, Swedberg also discusses Schumpeter's tragic personal life. This book provides a thorough overview of Schumpeter's writings, and also introduces previously unpublished material based on his letters and interviews. Swedberg emphasizes that Schumpeter saw economics as a form of social investigation, consisting of four fields: economic theory, economic sociology, economic history and statistics. The author describes and analyses Schumpeter's theory of social classes and modern states as well as his more famous theory of the entrepreneur. |
| the economics and sociology of capitalism: Economic Sociology Carlo Trigilia, 2008-04-15 This book systematically reconstructs the origins and new advances in economic sociology. By presenting both classical and contemporary theory and research, the volume identifies and describes the continuity between past and present, and the move from economics to economic sociology. Most comprehensive and up-to-date overview available by an internationally renowned, award-winning economic sociologist Systematically reconstructs the origins and new advances in economic sociology Organizes the perspectives and methods of economic sociologists of the classical and contemporary eras, including coverage of modernization, globalization, and the welfare state Provides insights into the social consequences of capitalism in the past and present for students of economic sociology. |
| the economics and sociology of capitalism: Joseph A. Schumpeter Richard Swedberg, 1990 |
| the economics and sociology of capitalism: Max Weber and the Idea of Economic Sociology Richard Swedberg, 2018-06-05 While most people are familiar with The Protestant Ethic and the Spirit of Capitalism, few know that during the last decade of his life Max Weber (1864-1920) also tried to develop a new way of analyzing economic phenomena, which he termed economic sociology. Indeed, this effort occupies the central place in Weber's thought during the years just before his death. Richard Swedberg here offers a critical presentation and the first major study of this fascinating part of Weber's work. This book shows how Weber laid a solid theoretical foundation for economic sociology and developed a series of new and highly evocative concepts. He not only investigated economic phenomena but also linked them clearly with political, legal, and religious phenomena. Swedberg also demonstrates that Weber's approach to economic sociology addresses a major problem that has haunted economic analysis since the nineteenth century: how to effectively unite an interest-driven type of analysis (popular with economists) with a social one (of course preferred by sociologists). Exploring Weber's views of the economy and how he viewed its relationship to politics, law, and religion, Swedberg furthermore discusses similarities and differences between Weber's economic sociology and present-day thinking on the same topic. In addition, the author shows how economic sociology has recently gained greater credibility as economists and sociologists have begun to collaborate in studying problems of organizations, political structures, social problems, and economic culture more generally. Swedberg's book will be sure to further this new cooperation. |
| the economics and sociology of capitalism: The Economics and Sociology of Capitalism Joseph Alois Schumpeter, 1991 |
| the economics and sociology of capitalism: The Economic Sociology of Capitalism Victor Nee, Richard Swedberg, 2020-09-01 This book represents a major step forward in the use of economic sociology to illuminate the nature and workings of capitalism amid the far-reaching changes of the contemporary era of global capitalism. For the past twenty years economic sociologists have focused on mesa-level phenomena of networks, but they have done relatively little to analyze capitalism as an overall system or to show how such phenomena emerge from and shape the dynamics of capitalism. The Economic Sociology of Capitalism seeks to change this, by presenting both big-picture analyses of capitalism and more focused pieces on institutions crucial to capitalism. The book, which includes sixteen chapters by leading scholars in economic sociology, is organized around three broad themes. The first section addresses core issues and problems in the new study of capitalism; the second considers a variety of topics concerning America, the leading capitalist economy of the world; and the third focuses attention on the question of convergence stemming from the global transformation of capitalism and the challenge of explaining institutional change. The contributions, which follow a foreword by economic historian Avner Greif and the editor's introduction, are by Mitchel Abolafia, James Baron and Michael Hannan, Mary C. Brinton, John Campbell, Gerald Davis and Christopher Marquis, Paul DiMaggio and Joseph Cohen, Peter Evans, Neil Fligstein, John Freeman, Francis Fukuyama, Ko Kuwabara, Victor Nee, Douglass C. North, AnnaLee Saxenian, Richard Swedberg, and Viviana Zelizer. |
| the economics and sociology of capitalism: Essays in Economic Sociology Max Weber, 1999-09-05 Economic sociologist and Weber scholar Richard Swedberg has, in this volume, selected essays from Weber's enormous body of writings on the subject of economic sociology. The central themes of the anthology are modern capitalism and its relationships to politics, law, culture and religion. |
| the economics and sociology of capitalism: Between Slavery and Capitalism Martin Ruef, 2014-08-24 An in-depth examination of the economic and social transition from slavery to capitalism during Reconstruction At the center of the upheavals brought by emancipation in the American South was the economic and social transition from slavery to modern capitalism. In Between Slavery and Capitalism, Martin Ruef examines how this institutional change affected individuals, organizations, and communities in the late nineteenth century, as blacks and whites alike learned to navigate the shoals between two different economic worlds. Analyzing trajectories among average Southerners, this is perhaps the most extensive sociological treatment of the transition from slavery since W.E.B. Du Bois's Black Reconstruction in America. In the aftermath of the Civil War, uncertainty was a pervasive feature of life in the South, affecting the economic behavior and social status of former slaves, Freedmen's Bureau agents, planters, merchants, and politicians, among others. Emancipation brought fundamental questions: How should emancipated slaves be reimbursed in wage contracts? What occupations and class positions would be open to blacks and whites? What forms of agricultural tenure could persist? And what paths to economic growth would be viable? To understand the escalating uncertainty of the postbellum era, Ruef draws on a wide range of qualitative and quantitative data, including several thousand interviews with former slaves, letters, labor contracts, memoirs, survey responses, census records, and credit reports. Through a resolutely comparative approach, Between Slavery and Capitalism identifies profound changes between the economic institutions of the Old and New South and sheds new light on how the legacy of emancipation continues to affect political discourse and race and class relations today. |
| the economics and sociology of capitalism: On Capitalism , 2007-07-12 This important interdisciplinary work suggests a number of economic as well as sociological reasons why modern capitalism is such a uniquely dynamic force. |
| the economics and sociology of capitalism: Economic Sociology Jeffrey K. Hass, 2020-04-07 Economic Sociology provides the clearest and most comprehensive account of the promises of economic sociology. It shows how economies are more than supply-and-demand curves, individual profit motives, and efficient performance: they are forms of power and structure, grounded in institutions and culture. What is calculated, how, and why? Are profit and efficiency always so central to economic structures and outcomes? What shapes change and reproduction in economic practices and policies? How have classes and states, using power and institutions, created and continue to shape the economic world we live in? This second edition presents a critical and sophisticated, yet approachable analysis of economic behavior and phenomena. After describing key concepts and logics of economic sociology and of economic sociology (its eternal cousin and competitor), Hass turns the sociologist’s analytic eye to the heart of economic practices comparing how they work in the United States, Europe, East Asia, Latin America, and post-socialist Russia and China. The volume addresses crucially important economic issues that touch our well-being and justice: the rise and structuring of capitalism; relations between states and economies; economic policies; economies and inequality; and organizations and corporations. Causes and consequences of globalization and the Great Recession are laid out for the reader. With economics and economic sociology placed side-by-side in this journey of how economies operate in the past and present, the reader gets different perspectives on economic reality. Power and culture, institutions and fields, classes and corporations interact on this historical and global stage. Written in a clear and direct style, this textbook will appeal to students and scholars in economic sociology, sociology of work, economics, social policy, political economy and comparative sociology |
| the economics and sociology of capitalism: The Architecture of Markets Neil Fligstein, 2018-06-05 Market societies have created more wealth, and more opportunities for more people, than any other system of social organization in history. Yet we still have a rudimentary understanding of how markets themselves are social constructions that require extensive institutional support. This groundbreaking work seeks to fill this gap, to make sense of modern capitalism by developing a sociological theory of market institutions. Addressing the unruly dynamism that capitalism brings with it, leading sociologist Neil Fligstein argues that the basic drift of any one market and its actors, even allowing for competition, is toward stabilization. The Architecture of Markets represents a major and timely step beyond recent, largely empirical studies that oppose the neoclassical model of perfect competition but provide sparse theory toward a coherent economic sociology. Fligstein offers this theory. With it he interprets not just globalization and the information economy, but developments more specific to American capitalism in the past two decades--among them, the 1980s merger movement. He makes new inroads into the ''theory of fields,'' which links the formation of markets and firms to the problems of stability. His political-cultural approach explains why governments remain crucial to markets and why so many national variations of capitalism endure. States help make stable markets possible by, for example, establishing the rule of law and adjudicating the class struggle. State-building and market-building go hand in hand. Fligstein shows that market actors depend mightily upon governments and the members of society for the social conditions that produce wealth. He demonstrates that systems favoring more social justice and redistribution can yield stable markets and economic growth as readily as less egalitarian systems. This book will surely join the classics on capitalism. Economists, sociologists, policymakers, and all those interested in what makes markets function as they do will read it for many years to come. |
| the economics and sociology of capitalism: The Handbook of Economic Sociology Neil J. Smelser, Richard Swedberg, 2010-07-28 The Handbook of Economic Sociology, Second Edition is the most comprehensive and up-to-date treatment of economic sociology available. The first edition, copublished in 1994 by Princeton University Press and the Russell Sage Foundation as a synthesis of the burgeoning field of economic sociology, soon established itself as the definitive presentation of the field, and has been widely read, reviewed, and adopted. Since then, the field of economic sociology has continued to grow by leaps and bounds and to move into new theoretical and empirical territory. The second edition, while being as all-embracing in its coverage as the first edition, represents a wholesale revamping. Neil Smelser and Richard Swedberg have kept the main overall framework intact, but nearly two-thirds of the chapters are new or have new authors. As in the first edition, they bring together leading sociologists as well as representatives of other social sciences. But the thirty chapters of this volume incorporate many substantial thematic changes and new lines of research--for example, more focus on international and global concerns, chapters on institutional analysis, the transition from socialist economies, organization and networks, and the economic sociology of the ancient world. The Handbook of Economic Sociology, Second Edition is the definitive resource on what continues to be one of the leading edges of sociology and one of its most important interdisciplinary adventures. It is a must read for all faculty, graduate students, and undergraduates doing work in the field. A thoroughly revised and updated version of the most comprehensive treatment of economic sociology available Almost two-thirds of the chapters are new or have new authors Authors include leading sociologists as well as representatives of other social sciences Substantial thematic changes and new lines of research, including more focus on international and global concerns, institutional analysis, the transition from socialist economies, and organization and networks The definitive resource on what continues to be one of the leading edges of sociology and one of its most important interdisciplinary adventures A must read for faculty, graduate students, and undergraduates doing work in the field |
| the economics and sociology of capitalism: The Oxford Handbook of Cultural Sociology Jeffrey C. Alexander, Ronald Jacobs, Philip Smith, 2012-01-26 Since sociologists returned to the study of culture in the past several decades, a pursuit all but anathema for a generation, cultural sociology has emerged as a vibrant field. Edited by three leading cultural sociologists, The Oxford Handbook of Cultural Sociology presents the full theoretical and methodological vitality of this critically significant new area.The Handbook gathers together works by authors confronting the crucial choices all cultural sociologists face today: about analytic priorities, methods, topics, epistemologies, ideologies, and even modes of writing. It is a vital collection of preeminent thinkers studying the ways in which culture, society, politics, and economy interact in the world. Organized by empirical areas of study rather than particular theories or competing intellectual strands, the Handbook addresses power, politics, and states; economics and organization; mass media; social movements; religion; aesthetics; knowledge; and health. Allowing the reader to observe tensions as well as convergences, the collection displays the value of cultural sociology not as a niche discipline but as a way to view and understand the many facets of contemporary society. The first of its kind, The Oxford Handbook of Cultural Sociology offers comprehensive and immediate access to the real developments and disagreements taking place in the field, and deftly exemplifies how cultural sociology provides a new way of seeing and modeling social facts. This groundbreaking, readable handbook [is] the first single volume to attempt to unify its diverse contemporary applications in a wide range of traditional genres of sociology...Valuable for college universities and libraries supporting undergraduate and graduate degree programs in sociology and history.-CHOICE |
| the economics and sociology of capitalism: A Theory of Socialism and Capitalism Hans-Hermann Hoppe, 2013-06-29 |
| the economics and sociology of capitalism: The Conscience of the Eye: The Design and Social Life of Cities Richard Sennett, 1992-08-17 Visionary, often brilliant. —Los Angeles Times From the assembly halls of Athens to the Turkish baths of New York's Lower East Side, from eighteenth-century English gardens to the housing projects of Harlem—a study of the physical fabric of the city as a mirror of Western society and culture. |
| the economics and sociology of capitalism: Dynamics of Industrial Capitalism Richard N. Langlois, 2007-02-28 Co-winner of the 2006 Schumpeter Prize of the International Joseph A. Schumpeter SocietyExplaining the shift of the organizational landscape towards more specialized entities connected by markets and networks, this book places the work of Schumpeter and Chandler in a larger theoretical framework. |
| the economics and sociology of capitalism: Does Capitalism Have a Future? Immanuel Maurice Wallerstein, Randall Collins, Michael Mann, Georgi M. Derluguian, Craig Calhoun, 2013 In Does Capitalism Have a Future?, the prominent theorist Georgi Derleugian has gathered together a quintet of eminent macrosociologists to assess whether the capitalist system can survive. |
| the economics and sociology of capitalism: The Power of Market Fundamentalism Fred Block, Margaret R. Somers, 2014-04-30 What is it about free-market ideas that gives them staying power in the face of such failures as persistent unemployment, widening inequality, and financial crises? The Power of Market Fundamentalism extends economist Karl Polanyi's work to explain why these dangerous utopian ideas have become the dominant economic ideology of our time. |
| the economics and sociology of capitalism: Protestantism and Capitalism Jere Cohen, 2002 Each of the hypotheses that Jere Cohen finds in Weber's text represents a potential mechanism through which Puritanism could have exerted its econmic influence. The aim of the book as a whole is to determine how Puritanism exerted its influence on capitalism, how many mechanisms were at work and how powerful the impact might actually have been. |
| the economics and sociology of capitalism: Capitalism Johan Fornäs, 2014-04-16 In the most complete, accurate and accessible presentation of Karl Marx’s theory of capitalism to date, Johan Fornäs presents a guide for anyone who wants to understand how today’s crisis-ridden society has emerged and is able to sustain and intensify its own deep inner contradictions. Capitalism clearly explains these contradictions, which are so relevant again today in the wake of the financial crisis. This clear and engaging guide explains capitalism for absolute beginners. Fornäs situates Marx’s ideas in context, remaining faithful to the concepts and structure of his work. This complete introduction to Marx’s economy critique covers all three volumes of Capital. It explores all the main aspects of Marx’s work – including his economic theory, his philosophical sophistication and his political critique – introducing the reader to Marx’s typical blend of sharp arguments, ruthless social reportage and utopian visions. This book will be of interest to students throughout the social sciences and humanities, including those studying sociology, social theory, economics, business studies, history, cultural studies, and politics. |
| the economics and sociology of capitalism: The Economic Organization of East Asian Capitalism Marco Orru, Nicole Woolsey Biggart, Gary Hamilton, 1997 East Asia's dynamic entrance into the global economy has provided a fruitful avenue for research in economic sociology. In this perceptive and timely volume, authors Nicole Woolsey Biggart, Gary G. Hamilton, and the late Marco Orru theorize Asian capitalism and analyze the economic organization of East Asia. Presenting differing dimensions of a Weberian perspective, the authors first provide a theoretical grounding, then consider capitalism in East Asia comparatively, and finally contrast the economies of East Asia and Europe. The Economic Organization of East Asian Capitalism shows how radically different social and cultural institutions can lead to economies that are organized and work in remarkably similar ways. This thought-provoking volume will be essential for students and professionals in the fields of political science, management, third world studies, sociology, international relations, international business, and cross-cultural studies. |
| the economics and sociology of capitalism: The Spirit of Capitalism Liah Greenfeld, 2009-06-30 This book answers a fundamental question of economics: what are the reasons for sustained economic growth? Greenfeld focuses on the problem of motivation behind the epochal change in behavior, which from the 16th century on has reoriented one economy after another from subsistence to profit, transforming the nature of economic activity. |
| the economics and sociology of capitalism: Cognitive Capitalism Yann Moulier-Boutang, 2011 This book argues that we are undergoing a transition from industrial capitalism to a new form of capitalism - what the author calls & lsquo; cognitive capitalism & rsquo. |
| the economics and sociology of capitalism: Imagined Futures Jens Beckert, 2016-06-07 Consumers, investors, and corporations orient their activities toward a future that contains opportunities and risks. How do these actors assess uncertainty? Jens Beckert adds a new chapter to the theory of capitalism by showing how fictional expectations drive modern economies—or throw them into crisis when imagined futures fail to materialize. |
| the economics and sociology of capitalism: Durkheim and the Birth of Economic Sociology Philippe Steiner, 2024-05-14 An illuminating account of the development of Durkheim's economic sociology Émile Durkheim's work has traditionally been viewed as a part of sociology removed from economics. Rectifying this perception, Durkheim and the Birth of Economic Sociology is the first book to provide an in-depth look at the contributions made to economic sociology by Durkheim and his followers. Philippe Steiner demonstrates the relevance of economic factors to sociology and shows how the Durkheimians inform today's economic systems. Steiner argues that there are two stages in Durkheim's approach to the economy—a sociological critique of political economy and a sociology of economic knowledge. In his early works, Durkheim critiques economists and their categories, and tries to analyze the division of labor from a social rather than economic perspective. From the mid-1890s onward, Durkheim's preoccupations shifted to questions of religion and the sociology of knowledge. Durkheim's disciples, such as Maurice Halbwachs and François Simiand, synthesized and elaborated on Durkheim's first-stage arguments, while his ideas on religion and the economy were taken up by Marcel Mauss. Steiner indicates that the ways in which the Durkheimians rooted the sociology of economic knowledge in the educational system allows for an invaluable perspective on the role of economics in modern society, similar to the perspective offered by Max Weber's work. Recognizing the power of the Durkheimian approach, Durkheim and the Birth of Economic Sociology assesses the effect of this important thinker and his successors on one of the most active fields in contemporary sociology. |
| the economics and sociology of capitalism: Can Capitalism Survive? Joseph A. Schumpeter, 2020 |
| the economics and sociology of capitalism: Socialism - An Economic and Sociological Analysis Ludwig von Mises, 2016-11-24 Socialism is the watchword and the catchword of our day. The socialist idea dominates the modem spirit. The masses approve of it. It expresses the thoughts and feelings of all; it has set its seal upon our time. When history comes to tell our story it will write above the chapter “The Epoch of Socialism.” As yet, it is true, Socialism has not created a society which can be said to represent its ideal. But for more than a generation the policies of civilized nations have been directed towards nothing less than a gradual realization of Socialism.17 In recent years the movement has grown noticeably in vigour and tenacity. Some nations have sought to achieve Socialism, in its fullest sense, at a single stroke. Before our eyes Russian Bolshevism has already accomplished something which, whatever we believe to be its significance, must by the very magnitude of its design be regarded as one of the most remarkable achievements known to world history. Elsewhere no one has yet achieved so much. But with other peoples only the inner contradictions of Socialism itself and the fact that it cannot be completely realized have frustrated socialist triumph. They also have gone as far as they could under the given circumstances. Opposition in principle to Socialism there is none. Today no influential party would dare openly to advocate Private Property in the Means of Production. The word “Capitalism” expresses, for our age, the sum of all evil. Even the opponents of Socialism are dominated by socialist ideas. In seeking to combat Socialism from the standpoint of their special class interest these opponents—the parties which particularly call themselves “bourgeois” or “peasant”—admit indirectly the validity of all the essentials of socialist thought. For if it is only possible to argue against the socialist programme that it endangers the particular interests of one part of humanity, one has really affirmed Socialism. If one complains that the system of economic and social organization which is based on private property in the means of production does not sufficiently consider the interests of the community, that it serves only the purposes of single strata, and that it limits productivity; and if therefore one demands with the supporters of the various “social-political” and “social-reform” movements, state interference in all fields of economic life, then one has fundamentally accepted the principle of the socialist programme. Or again, if one can only argue against socialism that the imperfections of human nature make its realization impossible, or that it is inexpedient under existing economic conditions to proceed at once to socialization, then one merely confesses that one has capitulated to socialist ideas. The nationalist, too, affirms socialism, and objects only to its Internationalism. He wishes to combine Socialism with the ideas of Imperialism and the struggle against foreign nations. He is a national, not an international socialist; but he, also, approves of the essential principles of Socialism. |
| the economics and sociology of capitalism: Theories of Development Jorge Larrain, 2013-05-03 This is a new introductory text providing an up-to-date account of leading theories of development. The book includes a discussion of classical accounts of development, particularly that of Marx, but also considers current debates on the issue. Theories of imperialism, neo-imperialism, dependency, world systems theory and other conceptions are all given full and balanced consideration. A feature of the work is the connections drawn between theoretical interpretation and empirical application: in this respect, the author concentrates particularly upon drawing materials from the Latin American experiences. Readable, accurate and incisive, the book also provides an original standpoint upon problems of development. It will be of interest to students and professionals in sociology, political sciences and anthropology. |
| the economics and sociology of capitalism: Contemporary Economic Sociology Fran Tonkiss, 2006-04-18 Contemporary Economic Sociology closely examines critical and contemporary issues in the sociology of economic life. Bringing together a range of theoretical perspectives, Fran Tonkiss examines major shifts in the organization of economy and society - from the politics of globalization to the cultural economy, social exclusion and the 'end' of class. This new volume is organized around three core themes (globalization, production and inequality) and answers the questions: how are transnational processes re-making contemporary economies? can capitalist globalization be governed or resisted? do class relations still shape people’s social identities? how can we think about inequality in national and international contexts? Key changes in each of these domains raise new challenges for analyzing social and economic relations, power, agency and identity. Setting these changes in a transnational context, this book examines how these issues are being re-shaped in contemporary societies, and explores competing frameworks for understanding such changes. Drawing on arguments from economic sociology, politics and policy studies, political economy and critical geography, the text focuses on both conceptual approaches to the social study of the economy, and trans-national processes of social and economic restructuring. The arguments provide a critical overview of current concerns for economic sociology, and extend the boundaries of the discipline to a new set of questions. The text is particularly relevant to undergraduate and graduate students and scholars in the fields of economic and political sociology, politics and government, geography, economics and international relations. |
| the economics and sociology of capitalism: Capitalism, Institutions, and Economic Development Michael G. Heller, 2009-09-10 Based on a timely reassessment of the classic arguments of Weber, Schumpeter, Hayek, Popper, and Parsons, this book reconceptualizes actually-existing capitalism. It proposes capitalism as an impersonal procedural solution to the problems of spontaneously coordinating public institutions that enable durable market-based wealth generation and social order. Few countries have achieved this. A novel contribution of the book is that it identifies a practical sequence of economic and institutional shortcuts to real capitalism. The book challenges current orthodoxies about varieties of capitalism and relativist recipes for economic growth, and it criticizes culturalist and incrementalist viewpoints in institutional economics. It calls on the social sciences to help in constructing dynamic and prosperous open societies of the twenty-first century by reclaiming older ideas of ‘social economics’. Better and faster solutions will emphasize crisis-induced change, rational leadership, ideological persuasion, institutional engineering, rules-based market freedom, and the universalistic formal-procedural impersonality of optimal regulatory systems. |
| the economics and sociology of capitalism: Agrarian Capitalism in Theory and Practice Susan Archer Mann, 2017-10-10 Susan Mann focuses on a longstanding controversy in sociological theory: why has agriculture been traditionally resistant to wage labor? Capitalist develoment has been slower and more uneven in agriculture than in other spheres of production, and major parts of the rural economy remain almost preindustrial in their reliance on family labor, lack of separation between industry and household, and failure to develop a highly specialized division of labor. Emphasizing the agriculture of the American South, Mann adopts an interdisciplinary approach, drawing insights from history and economics as well as sociology. Mann points out that most theories of agrarian capitalism -- both Marxist and non-Marxist -- ignore the implications of agriculture as a production process centered in nature, with natural features that cannot be synchronized easily into the tempos required by industrial production. She argues that various natural and technical features of agricultural production, such as the relatively lengthy production time of certain crops and the irregular labor requirements imposed by seasonal production, make some types of farming particularly risky avenues for capitalist investment. To test this pioneering theory of natural obstacles to rural capitalist development, Mann creatively combines diverse research methodologies. Analyzing U.S. Agricultural Census data, she shows the correlations between type of agricultural commodity or crop produced, the natural and technical features of these rural commodities, and the use of wage labor. Using an historical-comparative approach, she investigates the persistence of nonwage labor in American cotton production after the Civil War. She examines why sharecropping, rather than wage labor, replaced slavery in the older cotton-producing regions of the southeastern United States. She then discusses the domestic and international factors that finally led to the demise of sharecropping and the rise of wage labor in the decades following the Great Depression. In this historical study of the rise and demise of sharecropping, the interplay between nature, gender, race, and class is highlighted. By closely examining both natural and social obstacles to wage labor within the context of a global economy, Mann presents not only an intriguing analysis of agrarian capitalist development but also an entirely new framework for examining the social history of the American South. Originally published in 1990. A UNC Press Enduring Edition -- UNC Press Enduring Editions use the latest in digital technology to make available again books from our distinguished backlist that were previously out of print. These editions are published unaltered from the original, and are presented in affordable paperback formats, bringing readers both historical and cultural value. |
| the economics and sociology of capitalism: Performance and Progress Subramanian Rangan, 2015 The prevailing aspiration of business is performance, while that of society is progress. Capitalism, both the paradigm and practice, sits at the intersection of these dual aspirations, and the essays in this volume explore its fraught status there. Contributions to this volume address questions such as (i) what's the problem with capitalism?; (ii) is the problem just with the practice or with the very paradigm?; (iii) what is progress and who is responsible for it?; (iv) what evolution is required at the individual, system, and paradigm level so that enterprises and the executives who lead them may better integrate performance with progress?; and (v) whither consumers, employees, and investors in this evolution? The book offers perspectives from two distinct intellectual domains-social science and philosophy. Scholars in social science (including economics, management, and sociology) tend to study performance. Ideas of progress, on the other hand, tend to fall more under the purview of philosophers (in particular social and political philosophers). Further, to obtain an insider's view on practice and possibilities, the volume includes essays from a handful of thoughtful business leaders. Research should consider not just how to make sustainability profitable, but also how to make profitability and the modern economic system sustainable. If we are to better comprehend why the world is in protest, to reflect on progress or dilemmas of trust, we must appreciate the tenuous assumptions of modern microeconomics and markets, and hear from modern philosophers about the basis and limits of rationality. |
| the economics and sociology of capitalism: Egalitarian Capitalism Lane Kenworthy, 2004-07-08 Declining participation in labor unions, the movement toward a service-based economy, and increased globalization have cast doubt on the extent to which welfare states can continue to stem inequality in market economies over the long-term. Does the new economy render existing models of social assistance obsolete? Do traditional welfare states hamper economic and employment growth, thereby worsening the plight of the poor? Lane Kenworthy offers a rigorous empirical analysis of these questions in Egalitarian Capitalism. The book examines sixteen industrialized countries in North America, Western Europe, and Scandinavia—each with different approaches to assisting the poor—to see how successful each has been in developing its economy and curbing inequality over the past twenty years. Kenworthy finds that inequality grew in almost all of these countries, from the most progressive to the least. Using simple but powerful statistical tests, he assesses the theory that inequality is necessary to improve economic growth and reduce poverty. He finds no necessary trade-off between equality and economic growth but discovers some evidence that high minimum wages dampen employment growth in private sector services. Kenworthy suggests that without greater private sector employment, public supports may be unable to adequately sustain living standards for the poor. An equitable growth strategy necessitates a balance of policy options: Creating jobs is aided by loose employment regulation, low payroll taxes, and, in some cases, lower real wages for workers at the bottom of the income spectrum. However, high employment is also facilitated by a system that makes work pay with earnings subsidies, workplace flexibilities, financial support for those who are between jobs or unable to work, and universal health and child care coverage. Kenworthy suggests that these strategies, though generally presented as mutually exclusive, could be effectively combined to create a robust, fair economy. Egalitarian Capitalism addresses fundamental questions of national policy with rigorous scholarship and a clarity that makes it accessible to any reader interested in the alleged trade-off between social equity and market efficiency. The book analyzes the viability of traditional welfare regimes and offers sustainable options that can promote egalitarian societies without hampering economic progress. A Volume in the American Sociological Association's Rose Series in Sociology |
| the economics and sociology of capitalism: Conceptualizing Capitalism Geoffrey M. Hodgson, 2015-09-22 Capitalism is the dominant economic framework in modern history, but it s unclear how it really works. Relying on the free movement and spontaneous coordination of seemingly infinitesimal market forces, its very essence is remarkably complex. Geoffrey M. Hodgson offers a more precise conceptual framework, defines the concepts involved, and illustrates that what is most important, and what has been most often overlooked, are institutions and contractsthe law. Chapter by chapter, Hodgson focuses in on how capitalism works at its very core to develop his own definitive theory of capitalism. By employing economic history and comparative analysis toward explanatory and analytical ends, Hodgson shows how capitalism is not an eternal or natural order, but indeed a relatively recent institution. If anyone were qualified to venture such a comprehensive and definitive analysis of such an important economic, legal, and social phenomenon, it is Geoffrey Hodgson. Conceptualizing Capitalism will significantly alter and carry forward our understanding of markets and how they work. |
| the economics and sociology of capitalism: Varieties of Capitalism Peter A. Hall, David W. Soskice, 2001 What are the most fundamental differences among the political economies of the developed world? How do national institutional differences condition economic performance, public policy, and social well-being? Will they survive the pressures for convergence generated by globalization and technological change? These have long been central questions in comparative political economy. This book provides a new and coherent set of answers to them. Building on the new economics of organization, the authors develop an important new theory about which differences among national political economies are most significant for economic policy and performance. Drawing on a distinction between 'liberal' and 'coordinated' market economies, they argue that there is more than one path to economic success. Nations need not converge to a single Anglo-American model. They develop a new theory of 'comparative institutionaladvantage' that transforms our understanding of international trade, offers new explanations for the response of firms and nations to the challenges of globalization, and provides a new theory of national interest to explain the conduct of nations in international relations. The analysis brings the firm back into the centre of comparative political economy. It provides new perspectives on economic and social policy-making that illuminate the role of business in the development of the welfare state and the dilemmas facing those who make economic policy in the contemporary world. Emphasizing the 'institutional complementarities' that link labour relations, corporate finance, and national legal systems, the authors bring interdisciplinary perspectives to bear on issues of strategic management, economic performance, and institutional change. This pathbreaking work sets new agendas in the study of comparative political economy. As such, it will be of value to academics and graduate students in economics, business, and political science, as well as to many others with interests in international relations, social policy-making, and the law. |
| the economics and sociology of capitalism: Socialism, Capitalism and Alternatives Peter J. S. Duncan, Elisabeth Schimpfössl, 2019-10-14 In 1989 the Berlin Wall came down. Two years later the Soviet Union disintegrated. The collapse of communism in Eastern Europe and the Soviet Union discredited the idea of socialism for generations to come. It was seen as representing the final and irreversible victory of capitalism. This triumphal dominance was barely challenged until the 2008 financial crisis threw the Western world into a state of turmoil. Through analysis of post-socialist Russia and Central and Eastern Europe, as well as of the United Kingdom, China and the United States, Socialism, Capitalism and Alternatives confronts the difficulty we face in articulating alternatives to capitalism, socialism and threatening populist regimes. Beginning with accounts of the impact of capitalism on countries left behind by the planned economies, the volume moves on to consider how China has become a beacon of dynamic economic growth, aggressively expanding its global influence. The final section of the volume poses alternatives to the ideological dominance of neoliberalism in the West. Since the 2008 financial crisis, demands for social change have erupted across the world. Exposing the failure of neoliberalism in the United Kingdom and examining recent social movements in Europe and the United States, the closing chapters identify how elements of past ideas are re-emerging, among them Keynesianism and radical socialism. As those chapters indicate, these ideas might well have potential to mobilise support and challenge the dominance of neoliberalism. |
| the economics and sociology of capitalism: The Sociology Of Economic Life Mark Granovetter, Richard Swedberg, 1992 Incorporating classic and contemporary readings in economic sociology, as well as offerings from related disciplines, this book aims to provide students with a broad understanding of the dimensions of economic life. The introduction traces the history of thought in the field. |
| the economics and sociology of capitalism: Capitalism George Reisman, 1996 |
Economics - Wikipedia
Economics (/ ˌ ɛ k ə ˈ n ɒ m ɪ k s, ˌ iː k ə-/) [1] [2] is a behavioral science that studies the production, distribution, and consumption of goods and services. [3] [4] Economics focuses on …
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Economics - Wikipedia
Economics (/ ˌ ɛ k ə ˈ n ɒ m ɪ k s, ˌ iː k ə-/) [1] [2] is a behavioral science that studies the production, distribution, …
Economics Defined With Types, Indicators, and Systems
Jun 28, 2024 · Economics is a branch of the social sciences focused on the production, distribution, and …
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May 12, 2025 · economics, social science that seeks to analyze and describe the production, …
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Economics can help us answer these questions. Below, we’ve provided links to short articles that illustrate what …
The A to Z of economics | The Economist
In economics, a transfer is a payment of money without any goods or services being exchanged in return. …
