1 Introducing Economic Sociology

As a designated field of inquiry, economic sociology is not much more than a century old, even though its intellectual roots are identifiable in older traditions of philosophical and social thought. During the past quarter-century it has experienced an explosive growth, and now stands as one of the most conspicuous and vital subfields of its parent discipline. In this introduction we first define the field and distinguish it from mainstream economics. Next we trace the classical tradition of economic sociology, as found in the works of Marx, Weber, Durkheim, Schumpeter, Polanyi, and ParsonsSmelser. Finally, we cite some more recent developments and topics of concern in economic sociology. Throughout our discussion in this chapter we emphasize the importance of paying attention to economic interests and social relations.