A Socio-Dynamic Understanding of Markets

The Progressive Joining Forces of Economic Sociology and Austrian Economics

Bibliographic Data

ID2789286
AuthorsAnders Liljenberg (0000-0002-3380-5687, Stockholm School of Economics, corresponding author)
Year2005
Volume64
Issue4
Pages999-1023
Publication date2005-10-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueAmerican Journal of Economics and Sociology (JOURNAL)
Journal identifiersISSN: 0002-9246 • E-ISSN: 1536-7150
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1536-7150.2005.00423.x
OpenAlexW1579770911
LanguageEN
Citations received5
References cited44

Economic sociology furthers a healthy alternative to price-theory-oriented economics as it sets out to remedy the invisibility of the market within the latter. There is, however, no doubt that such a market-oriented sociology is still in its infancy, given among other issues its inability to shoulder market change. The void thus recognized opens up the potential for a market idea with both social and dynamic properties. There is good reason to believe that such an endeavor would benefit from the constructive blending of economic sociology and Austrian economics. This paper argues that such a "socio-Austrian" connection is in the position to enrich the socioeconomic discourse in general and its market conception in particular

Austrian School · Constructive · Economic sociology · Economics · Invisibility · Neoclassical economics · Position (finance) · Positive economics · Social science · Sociology · Economic Theory and Institutions · German Social Sciences and History · Weber, Simmel, Sociological Theory