This book is an introduction to Max Weber’s ambitious comparative study of the sociological and institutional foundations of the modern economic and social order. In this work originally published in German in 1920, Weber discusses the analytical methods of sociology and, at the same time, presents a devastating critique of prevailing sociological theory and of its universalist, determinist underpinnings. None of Weber’s other writings offers the reader such a grasp of his theories; none displays so clearly his erudition, the scope of his interests, and his analytical powers.

As the American economy surged in the 1990s, economic sociology made great strides as well. Economists and sociologists worked across disciplinary boundaries to study the booming market as both a product and a producer of culture, tracing the correlations they saw between economic and social phenomena. In the process, they debated the methodological issues that arose from their interdisciplinary perspectives. The New Economic Sociology provides an overview of these debates and assesses the state of the burgeoning discipline. The contributors summarize economic sociology's accomplishments to date, identifying key theoretical problems and opportunities, and formulating strategies for future research in the field. The book opens with an introduction to the main debates and conceptual approaches in economic sociology. Contributor Neil Fligstein suggests that the current resurgence of interest in economic sociology is due to the way it brings together many sociological subdisciplines including the study of markets, households, labor markets, stratification, networks, and culture. Other contributors examine the role of economic phenomena from a network perspective. Ron Burt, for example, demonstrates how social relationships affect competitive dynamics in the marketplace. A third set of chapters addresses the role of gender in economic sociology. In her chapter, Barbara Reskin rethinks conventional notions about discrimination and points out that the law only covers one type of discrimination, while in recent years social scientists have uncovered other forms of hidden discrimination, which must be addressed as well. The New Economic Sociology also addresses the problem of economic development and change from a sociological perspective. Alejandro Portes and Margarita Mooney elaborate on one of the key emerging concepts in economic sociology, arguing that social capital—as an attribute of communities and regions—can contribute to economic and social well-being by fostering collaboration and entrepreneurship. The contributors concur that economic action must be interpreted through the cultural understandings that lend it stability and meaning. By rendering these often complex debates accessible, The New Economic Sociology makes a significant contribution to this still rapidly developing field, and provides a useful guide for future avenues of research.

This accessible guide to the rapidly growing and interdisciplinary field of modern economic sociology offers critical insights into its fundamental concepts and developments. International in scope, contributions from leading economic sociologists and sociologically-minded economists explore the intersections and implications for theory and empirical research in both disciplines.

Papers originally prepared for a seminar held in Liverpool in 1975.

A work of exceptional ambition by the founder of modern economic sociology, this first full account of Mark Granovetter’s ideas stresses that the economy is not a sphere separate from other human activities but is deeply embedded in social relations and subject to the same emotions, ideas, and constraints as religion, science, politics, or law.

List of Figures, Tables and Boxes p. vi Introduction: Concepts of Globalization p. 1 1 Perspectives on Globalization: Divergence or Convergence? p. 19 2 The History of Globalization: Pre-modern, Modern or Postmodern? p. 43 3 Technology, Economy and the Globalization of Culture p. 67 4 The Globalization of Culture: Homogeneous or Hybrid? p. 89 5 Global Migration: Inequality and History p. 105 6 The Effects of Migration: Is Migration a Problem or a Solution? p. 120 7 The Global Economy: Capitalism and the Economic Bases of Globalization p. 135 8 Global Inequality: Is Globalization a Solution to World Poverty? p. 159 9 Politics, the State and Globalization: The End of the Nation-state and Social Democracy? p. 188 10 Global Politics and Cosmopolitan Democracy p. 214 11 Anti-globalization and Global Justice Movements p. 239 12 The Future World Order: The Decline of American Power? p. 259 13 War and Globalization p. 287 Conclusion p. 310 Acknowledgements p. 316 References p. 317 Index.