SOC 2900 - Economy & Society

Markets, firms, and money are part of everyday experience. Economists insist that they should work similarly independently of their social context. The central idea of economic sociology is that economic institutions are ‘embedded’ in social relations. We will study what embeddeness means, and what it implies. We look at how institutions constitute markets; how rationality varies; and how money interacts with social relations in unexpected ways.

Credits: 3