The Changing Relationship Between Economic Sociology and Institutional Economics: From Talcott Parsons to Mark Granovetter [1].
From: The American Journal of Economics and Sociology
|
Date: 10/1/1999
|
Author: VELTHUIS, OLAV
OLAV VELTHUIS [*]
ABSTRACT. In his early work, Talcott Parsons severely criticized Old Institutional Economists like Thorstein Veblen and Clarence Ayres. Parsons' main objection was that institutional economics had a misconceived view on the scope of economics: institutions, being the embodiment of values, were the proper subject of sociology rather than economics. By arguing for a clear-cut division of labor between economics and sociology, Parsons legitimated the divide between ...
COPYRIGHT 1999 American Journal of Economics and Sociology, Inc.
This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
For permission to reuse this article, contact Copyright Clearance Center.