New Economic Sociology: Theoretical Achievements and Contemporary Challenges

Authors

  • Assoc. Prof. Dr Andrei Nonchev Department of Economic Sociology, Faculty of General Economics, UNWE image/svg+xml Author

DOI:

https://doi.org/10.37075/RP.2015.2.01

Keywords:

New economic sociology, “embeddedness” of economic action, Economic institutions, Social construction of markets, Social capital, Social networks
A12, A14, B40, B50, Z13

Abstract

This study presents some basic theoretical achievements and key concepts of the “new economic sociology”, which pretends to explore not peripheral economic phenomena, but fundamental economic processes. The theoretical programme of the new economic sociology is conceptualised in contrast with the assumptions of the neoclassical economics. The contributions of Bulgarian scholars to the analysis of important issues in the field of economic sociology are also highlighted. The study suggests hypotheses to explain the symptoms of recent slowdown in the development of economic sociology and possible perspectives for new theoretical breakthroughs. They are discussed in the context of contemporary societal challenges and conflicts, which seek their economic-sociological interpretation.

References

Bek, U. (2013). The Risk Society: On the Path to Another Modernity. Sofia: Izdatelska kashcha "Kritika i Humanizm". ISBN: 978-954-587-177-1

Bunjulov, A. (2008). The Networks of Transition: What Actually Happened in Bulgaria After 1989?. The Networks of Transition: What Actually Happened in Bulgaria After 1989?. ISBN: 978-954-321-444-0

Arrow, K. J. (1951). Social Choice and Individual Values. New York: Wiley.

Dimaggio, P. (1999). Anthology of Economics and Sociology: American Economic Sociology After 1970. Economics and Sociology: An Anthology (Ed. Chavdarova, T.). ISBN: 954-607-267-2

Kineva, Todorka Dymova (2014). Role Conflicts of the Contemporary Bulgarian Woman: Between Family and Career. Sofia: UNWE Publishing Complex.

Kolev, Blagoy Todorov (2002). Economic Culture. Sofia: University Publishing House "Stopanstvo". ISBN: 954-494-516-4

Coleman, J. (1999). The Rational Choice Perspective in Economic Sociology. Economics and Sociology. Anthology (Ed. Chavdarova, T.). ISBN: 954-607-267-2

Minev, Duhomir Vladimirov (2011). The Crisis of Public Policies in Developed Countries. Troyan: Faber. ISBN: 978-954-8465-75-5

Misheva, Mihayla Mihaylova (2014). Economic Immigration and Integration of Immigrants - The Bulgarian Situation in a European Context. Sofia: M. Misheva.

Mirchev, M. (2009). Reproduction of the Population. Social Stratification, Polarization, and Civilizational Differentiation. Sofia: M-8-M. ISBN: 978-954-8177-48-1

Naidenov, G. & Haralampiev, K. (2014). The Kondratiev Long Waves under "Socialism". Sofia: UNWE Publishing Complex. ISBN: 978-954-644-579-7

Nikova, D. (2012). Social Communication; Social Interaction; Sociometry. Sofia: UNWE Publishing Complex. ISBN: 978-954-644-333-5

Nonchev, A. (2009). Public-Private Quasi-Markets. Sofia: University Publishing House "Stopanstvo". ISBN: 978-954-644-043-3

Pachev, T. & Kolev, Bl. et al. (1996). Economic Sociology. Sofia: University Publishing House "Stopanstvo". ISBN: 954-494-229-7

Petrunov, G. (2006). Social Dimensions of Organized Crime. (PhD dissertation).

Petrunov, G. (2013). Preventing Money Laundering. Sofia: UNWE Publishing Complex. ISBN: 978-954-644-424-0

Wilkinson, R. & Pickett, K. (2014). Pathology of Inequality: Why Equality Makes Societies Stronger. Sofia: Iztok-Zapad. ISBN: 978-619-152-384-9

Stiglitz, J. (2014). The Price of Inequality: How Today's Divided Society Endangers Our Future. Sofia: Iztok-Zapad. ISBN: 978-619-152-339-9

Stoilova, Veya Borisova (2012). "The Game" of Market Exchange. Sofia: UNWE Publishing Complex. ISBN: 978-954-644-399-1

Stoyanov, Aleksandar S. (2013). Economic Inequalities in Bulgaria (1990-2010). Sofia: UNWE Publishing Complex.

Stoyanova, M. (2014). Conflicts Through the Prism of Sociology. Sofia: UNWE Publishing Complex. ISBN: 978-954-644-292-5

Rakadjiska, T. (2010). Labor Market. Socio-economic Field Between the State and the Market. Sofia: University Publishing House "Stopanstvo". ISBN: 978-954-644-118-8

Todorova, E. (2010). A View on the Sociology of Modern Society. Sofia: University Publishing House "Stopanstvo". ISBN: 978-954-644-164-5

Hristova, Marieta Borisova (2014). The Bulgarian Virtual Labor Market and the Transformation of Power. Sofia: M. Hristova.

Herzfeld, M. (2007). Cultural Intimacy. Social Poetics of the National State. Sofia: Prosveta.

Axelrod, Robert (1997). Advancing the art of simulation in the social sciences. Simulating Social Phenomena (Ed. Rosaria Conte, Rainer Hegelsmann and Pietro Terna). DOI: https://doi.org/10.1002/(SICI)1099-0526(199711/12)3:2<16::AID-CPLX4>3.0.CO;2-K

Axelrod, R. (1984). The Evolution of Cooperation. New York: Basic Books. DOI: https://doi.org/10.2307/2392957

Becker, G. (1976). The Economic Approach to Human Behaviour. University of Chicago Press. DOI: https://doi.org/10.7208/chicago/9780226217062.001.0001

Bourdieu, P. (1979). The Disenchantment of the World. Algeria 1960.

Bourdieu, P. (1985). The Forms of Capital. Readings in Economic Sociology, 241–58. DOI: https://doi.org/10.1002/9780470755679.ch15

Buchanan, J, Tollison, R, & Tullock, G (1980). Toward a theory of the rent-seeking society. College Station: Texas A&M University Press.

Coase, Ronald H. (1960). The Problem of Social Cost. Classic Papers in Natural Resource Economics, 3(October), 1-44. DOI: https://doi.org/10.1057/9780230523210_6

Coleman, J. (1990). Foundations of Social Theory. Cambridge, MA: The Belknap Press of Harvard University Press.

JS Coleman (1994). A rational choice perspective on economic sociology. Handbook of Economic Sociology (Ed. Smelser, N. and Swedberg, R.).

J Duesenberry (1960). Comment on “An economic analysis of fertility”. Demographic and Economic Change in Developed Countries (Ed. Universities-National Bureau Committee for Economic Research).

Granovetter, M. (1985). Economic Action and Social Structure: The Problem of Embeddedness. American Journal of Sociology, 91(3). DOI: https://doi.org/10.1086/228311

Granovetter, M. (1974). Getting a Job: A Study of Contacts and Careers. Cambridge, MA: Harvard University Press. DOI: https://doi.org/10.2307/2063210

Jevons, St. (1965). Preface to the Second Edition. The Theory of Political Economy.

Merton, R. (1936). The Unanticipated Consequences of Purposive Social Action. American Sociological Review, 894–904. DOI: https://doi.org/10.2307/2084615

North, D. (1992). Institutions, Institutional Change and Economic Performance. Cambridge: Cambridge University Press. DOI: https://doi.org/10.2307/3325144

Olson, Mancur (1965). The Logic of Collective Action. Cambridge MA: Harvard University Press. DOI: https://doi.org/10.4159/9780674041660

Polanyi, K. (1957). The Great Transformation. Boston: Beacon. DOI: https://doi.org/10.1002/9780470755679.ch4

Polanyi, K. (1971). Our Obsolete Market Mentality. Primitive, Archaic and Modern Economies: Essays of Karl Polanyi (Ed. Dalton, George).

Portes, Al. (2010). Economic Sociology. A Systematic Inquiry. Princeton, NJ: Princeton University Press. DOI: https://doi.org/10.1515/9781400835171

Sen, A. (1970). Collective Choice and Social Welfare. San Francisco CA: Holdenday. DOI: https://doi.org/10.2307/1913866

Sen, A. (1998). The Possibility of Social Choice. Nobel lectures, Dec. 8, 1998. American Economic Review, 89(3), 349-378. DOI: https://doi.org/10.1257/aer.89.3.349

Fukuyama, Francis, Smelser, Neil J., & Swedberg, Richard (1994). The Handbook of Economic Sociology. Princeton, NJ: Princeton University Press. DOI: https://doi.org/10.2307/20046937

Swedberg, Richard (2003). Principles of Economic Sociology. Princeton, NJ: Princeton University Press. DOI: https://doi.org/10.1515/9781400829378

Weber, M (1978). Economy and society: An outline of interpretive sociology. Berkley, CA: University of California Press.

White, H. S. (1988). Varieties of Markets. Social Structures: A Network Approach (Ed. Wellman, B. and Berkowitz, S. D.).

Williamson, Oliver E. (1975). Markets and Hierarchies. New York: Free Press.

Williamson, O. (1985). Transaction Cost Economics. Journal of Economic Behavior & Organization. DOI: https://doi.org/10.1016/0167-2681(87)90038-2

Zelizer, V. (2002). Enter Culture. New Economic Sociology (Ed. Mauro Guillén et al.).

Published

2015-08-27

Issue

Section

Articles

How to Cite

Nonchev, A. (2015). New Economic Sociology: Theoretical Achievements and Contemporary Challenges. Research Papers of UNWE, 2, 19-56. https://doi.org/10.37075/RP.2015.2.01