Society and Economy: Frameworks and Principles: A Book Review
Journal of Economic Literature
no. 3, September 2019
Mark Granovetter has written a deep and wide-ranging book on economy and society entitled Society and Economy: Frameworks and Principles. Economists, in
particular, will find his discussion on the role of social networks in understanding the problem of aggregation—from micro foundations to large-scale institutional
phenomena—especially relevant. And they will find much to ponder over the ways in which overlapping structures—of networks and institutions—shape human behavior
and determine aggregate economic outcomes. The high-level and parsimonious style of this book is distinctive and sets it apart from much of contemporary social science.
This style and the apparent unwillingness to engage closely with research developments over the past two decades may, however, mean that the book will have limited
influence on ongoing and future research.
"Society and Economy: Frameworks and Principles: A Book Review."
Journal of Economic Literature,
Institutions: Design, Formation, Operations, and Impact
Micro-Based Behavioral Economics: General
Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification