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Beyond the Market: The Social Foundations of Economic Efficiency Kindle Edition
"The Black Presidency"
Rated by Vanity Fair as one of our most lucid intellectuals writing on race and politics today, this book is a provocative and lively look into the meaning of America's first black presidency. Learn more
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Beckert's alternative is a version of the embedded markets position so ably developed by Granovetter (1985), as well as Beckert's mentors in the Princeton sociology department. This approach has led to excellent analyses of real-live markets that should be read by all economic theorists and policy-makers. However, this approach does not pretend to be general sociological theory, and it is an important supplement to, not alterative to, traditional economic analysis.
The embedded markets approach is has interesting lessons for the interrelations among the behavioral disciplines. Sociological theorists have been perennially preoccupied with the question of the appropriate boundary-line between economics and sociology. Virtually every sociological theorist (except James Coleman and friends) include the rejection of the "utilitarian" model of economic theory. Granovetter calls the economist's rational actor "undersocialized," and sees sociology as providing a better-socialized actor. On the other hand, Granovetter joins the herd in considering the traditional sociological model, that of Talcott Parsons' theory of action, as "oversocialized.Read more ›
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