Uncertainty and economic sociology: a preliminary discussion. (Focus on Economic Sociology).

From: The American Journal of Economics and Sociology | Date: July 1, 2003| Author: | Copyright information

The paper discusses the role of uncertainty in economic sociology, aiming to clarify some controversial issues in the related literature. Initially, some conceptual remarks are made about the relation between economic sociology, neoclassical economics, and rational choice theory. Next, in light of the existing literature on uncertainty and economic sociology, we distinguish between complexity and different types of uncertainty. We also identify different versions of the maximization hypothesis and examine their relations to the different types of uncertainty. Then we defend a concept of ...

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