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Interpenetration Versus Embeddedness

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  • Jens Beckert

Abstract

. The economy and economics are important fields in Talcott Parsons's work. Parsons's contributions on this subject were, however, mostly critically received in the new economic sociology. In this article, main points of criticism of Parsons's economic sociology will be discussed and the question asked whether the importance of Parsons's works in economic sociology was adequately treated. It will be demonstrated that the critical assessments was based for the most part on theoretical conceptions Parsons developed during his structural‐functionalist period. Hence the assessments neglected to discuss the theory of expressive‐symbolic communication of affect that Parsons developed in his later systems‐functionalist period. However, precisely these later theoretical developments correlate directly with the concept of social embeddedness as a key concept in the new economic sociology. A stronger linking with this development in Parsons's theory could bring economic sociology closer to finding a foundation in action theory, which has been missing up to the present.

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  • Jens Beckert, 2006. "Interpenetration Versus Embeddedness," American Journal of Economics and Sociology, Wiley Blackwell, vol. 65(1), pages 161-188, January.
    • Handle: RePEc:bla:ajecsc:v:65:y:2006:i:1:p:161-188
    DOI: 10.1111/j.1536-7150.2006.00446.x
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    1. Beckert, Jens, 2005. "Trust and the Performative Construction of Markets," MPIfG Discussion Paper 05/8, Max Planck Institute for the Study of Societies.
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    Cited by:

    1. Sangmoon Kim & John Skvoretz, 2010. "Embedded Trade: A Third‐Party Effect," Social Science Quarterly, Southwestern Social Science Association, vol. 91(4), pages 964-983, December.
    2. Pablo Nemina, 2015. "Acción económica e incertidumbre: el aporte de Jens Beckert a la sociología económica," Revista Equidad y Desarrollo, Universidad de la Salle, May.

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