Economic SociologyFrom The Penguin Dictionary of Sociology
The development of a sociological analysis of economic phenomena was a central concern of classical sociologists such as Marx, Weber and, in his early work, Durkheim. However, sociological attention to economic phenomena declined during the twentieth century, until the revival of Marxist and Weberian sociology in the 1970s and the development from the 1980s onwards of what is sometimes known as the new economic sociology (NES). Economic sociology is a broad field that covers many substantive economic phenomena. These include: all aspects of the economic activities of individuals and groups; the sociology of organizations, markets and other economic institutions; consumption and leisure; macro-issues such as the development of capitalism, the comparative analysis of economic systems and the economic effects of different cultures and religions. It is also a field within which many of the different theoretical traditions in sociology operate, thus there is no single ‘school’ of economic sociology.