Economics and Sociology: Gains from Trade? | Organizations and Markets

Economics and Sociology: Gains from Trade?

14 September 2006 at 12:30 am Peter G. Klein Leave a comment

| Peter Klein |

Indiana University’s Fabio Rojas, who blogs at orgtheory.net, has an interesting paper, “Economics and Sociology: What are the Gains of Trade?,” forthcoming in Geoff Hodgson’s Journal of Institutional Economics. A review and critique of contemporary economic sociology, the paper points out that “research findings and theoretical developments [in economic sociology] are rarely reconciled or integrated with economic research.” Moreover, the critics tend to deal with a stylized, and rather stale, caricature of neoclassical economics, rather than the best work in modern organizational economics, Austrian or evolutionary economics, or the newer strand of behavioral research (a point made repeatedly on these pages). A good read.

Entry filed under: - Klein -, Management Theory, Recommended Reading.

Empirical Work on Modularity A Mistaken Argument for Relativism

Leave a comment

Trackback this post | Subscribe to the comments via RSS Feed

Recent Posts

Categories

Feeds

Our Recent Books

Nicolai J. Foss and Peter G. Klein, Organizing Entrepreneurial Judgment: A New Approach to the Firm (Cambridge University Press, 2012).

Peter G. Klein and Micheal E. Sykuta, eds., The Elgar Companion to Transaction Cost Economics (Edward Elgar, 2010).

Peter G. Klein, The Capitalist and the Entrepreneur: Essays on Organizations and Markets (Mises Institute, 2010).

Richard N. Langlois, The Dynamics of Industrial Capitalism: Schumpeter, Chandler, and the New Economy (Routledge, 2007).

Nicolai J. Foss, Strategy, Economic Organization, and the Knowledge Economy: The Coordination of Firms and Resources (Oxford University Press, 2005).

Raghu Garud, Arun Kumaraswamy, and Richard N. Langlois, eds., Managing in the Modular Age: Architectures, Networks and Organizations (Blackwell, 2003).

Nicolai J. Foss and Peter G. Klein, eds., Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization (Elgar, 2002).

Nicolai J. Foss and Volker Mahnke, eds., Competence, Governance, and Entrepreneurship: Advances in Economic Strategy Research (Oxford, 2000).

Nicolai J. Foss and Paul L. Robertson, eds., Resources, Technology, and Strategy: Explorations in the Resource-based Perspective (Routledge, 2000).