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Reading the General Theory as Economic Sociology: A broader interpretation of an economics classic

Author

Listed:
  • Daniyal Khan

    (Department of Economics, Seeta Majeed School of Liberal Arts and Social Sciences, Beaconhouse National University)

Abstract

This paper argues that given certain self-definitions and key defining features of economic sociology, The General Theory of Employment, Interest, and Money can be read and interpreted as a text in economic sociology. Around this core argument, a case is built for a more open interaction and mutual appreciation between economic sociology and heterodox approaches to economics. The paper suggests how broader interpretations of classics of social science (such as the General Theory) may help us better appreciate the shared intellectual lineages and legacies of economics and sociology. It concludes with reflections on the historical development of the relationship between economics and sociology, and some speculation about their future.

Suggested Citation

  • Daniyal Khan, 2016. "Reading the General Theory as Economic Sociology: A broader interpretation of an economics classic," Working Papers 1605, New School for Social Research, Department of Economics.
    • Handle: RePEc:new:wpaper:1605
    as

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    File URL: http://www.economicpolicyresearch.org/econ/2016/NSSR_WP_052016.pdf
    File Function: First version, 2016
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    References listed on IDEAS

    as
    1. John B. Davis & D. W. Hands & Uskali Mäki (ed.), 1998. "The Handbook of Economic Methodology," Books, Edward Elgar Publishing, number 741.
    2. Benjamin J. Cohen, 2008. "Introduction to International Political Economy: An Intellectual History," Introductory Chapters, in: International Political Economy: An Intellectual History, Princeton University Press.
    3. Beckert, Jens & Streeck, Wolfgang, 2008. "Economic sociology and political economy: A programmatic perspective," MPIfG Working Paper 08/4, Max Planck Institute for the Study of Societies.
    4. David Dequech, 2003. "Uncertainty and Economic Sociology:," American Journal of Economics and Sociology, Wiley Blackwell, vol. 62(3), pages 509-532, July.
    5. Greif, Avner, 1993. "Contract Enforceability and Economic Institutions in Early Trade: the Maghribi Traders' Coalition," American Economic Review, American Economic Association, vol. 83(3), pages 525-548, June.
    6. Ingham, Geoffrey, 1996. "Some Recent Changes in the Relationship between Economics and Sociology," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 20(2), pages 243-275, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    John Maynard Keynes; The General Theory; economic sociology; heterodox economics; capitalism;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • P10 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - General
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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