Synopsis
In this major new collection, leading experts in the field of economic sociology combine to provide a critical overview of the latest approaches to the study of economics in the social sciences. Traditionally social scientists have taken one of two approaches towards the economy, either emphasizing the rationality of economic actors and the objective reality of market forces or alternatively rejecting these very notions as abstractions which do violence to the embeddedness of economic relations in social and cultural life. In contrast, The Technological Economy argues for a new understanding of the relationship between the economy and culture. In developing its critical analysis of the new economic sociology, this book is exceptional in adopting cultural approaches to the economy, whilst taking the role of economics in the formation of markets seriously.