Sociological imperialism in three theories of the market

Fabio Rojas

Journal of Institutional Economics, 2006, vol. 2, issue 3, 339-363

Abstract: This essay reviews three prominent sociological studies of firms and markets: Neil Fligstein's The Architecture of Markets, Glenn Carroll and Michael Hannan's The Demography of Corporations, and Harrison C. White's Markets from Networks. The review essay discusses how economic sociology focuses on processes ignored by economists. However, research findings and theoretical developments are rarely reconciled or integrated with economic research. The conclusion discusses possible links between the varying schools of economic sociology and heterodox economic traditions such as contemporary institutional economics.

Date: 2006
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