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Social Network Analysis and the Sociology of Economics: Filling a Blind Spot with the Idea of Social Embeddedness

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  • Bögenhold, Dieter
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    Abstract

    Today, social networks analysis has become a cross-disciplinary subject with applications in diverse fields of social and economic life. Different network designs provide different opportunities to communicate, to receive information and to create different structures of cultural capital. Network analysis explores modes and contents of exchanges between different agents when symbols, emotions or goods and services are exchanged. The message of the article is that social network analysis provides a tool to foster the understanding of social dynamics, which enhances recent debate on a micro-macro gap and on limitations of the cognitive and explanatory potential of economics.

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    File URL: http://mpra.ub.uni-muenchen.de/51461/
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    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 51461.

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    Date of creation: Jan 2013
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    Publication status: Published in American Journal of Economics and Sociology 2.72(2013): pp. 293-318
    Handle: RePEc:pra:mprapa:51461

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    Keywords: Social Network Analysis; social dynamics; micro-macro gap;

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    1. Matthew Rabin, 1998. "Psychology and Economics," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 11-46, March.
    2. Jon Elster, 1998. "Emotions and Economic Theory," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 47-74, March.
    3. Pavel Chalupnicek, 2010. "The CAPITAL in Social Capital: An Austrian Perspective," American Journal of Economics and Sociology, Wiley Blackwell, vol. 69(4), pages 1230-1250, October.
    4. George A. Akerlof & Rachel E. Kranton, 2000. "Economics And Identity," The Quarterly Journal of Economics, MIT Press, vol. 115(3), pages 715-753, August.
    5. Becker, Gary S, 1974. "A Theory of Social Interactions," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1063-93, Nov.-Dec..
    6. George A. Akerlof, 2009. "How Human Psychology Drives the Economy and Why It Matters," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(5), pages 1175-1175.
    7. Heath Pearson, 1999. "Was There Really a German Historical School of Economics?," History of Political Economy, Duke University Press, vol. 31(3), pages 547-562, Fall.
    8. Tavis Barr, 2009. "Labor Market Segregation," American Journal of Economics and Sociology, Wiley Blackwell, vol. 68(3), pages 703-746, 07.
    9. Fabio Sabatini, 2008. "Social Capital and the Quality of Economic Development," Kyklos, Wiley Blackwell, vol. 61(3), pages 466-499, 08.
    10. David C. Colander, 1993. "The Macrofoundations of Micro," Eastern Economic Journal, Eastern Economic Association, vol. 19(4), pages 447-457, Fall.
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