"Economic sociology is the study of the social cause and effect of various economic phenomena."
The study of how institutions, such as laws, norms, and organizations, influence economic behavior and outcomes in urban areas.
Property rights: Property rights refer to the legal rules and regulations that govern the ownership, use, and transfer of different types of assets such as land, buildings, and other forms of property.
Transaction costs: Transaction costs refer to the costs associated with completing a transaction, such as buying or selling a good or service. These costs include search costs, bargaining costs, and enforcement costs.
Collective action: Collective action refers to the act of individuals coming together to achieve a common goal that benefits the group as a whole.
Social norms: Social norms are unwritten rules of behavior that are widely accepted and followed by members of a society or community.
Institutions: Institutions are the rules and norms that guide human behavior in social settings. They often determine how people interact with each other and with their environment.
Market failure: Market failure refers to situations where the market fails to allocate resources efficiently, often due to the presence of externalities or incomplete information.
Public goods: Public goods are products or services that are non-excludable and non-rivalrous, meaning that they are freely available to all individuals and their consumption by one person does not reduce the availability of the good to others.
Political economy: Political economy is the study of how political and economic factors interact and influence each other.
Economic development: Economic development refers to the process by which countries or regions increase their levels of economic prosperity, often through the creation of new industries and the adoption of new technologies.
Infrastructure: Infrastructure refers to the physical and organizational structures that support economic activity, such as roads, bridges, and communication networks.
Regional development: Regional development focuses on the economic growth and development of specific regions, often through government policies and investment in infrastructure and human capital.
Environmental economics: Environmental economics is the study of how economic activity affects the environment and how environmental policies can be designed to promote sustainability.
Labor economics: Labor economics is the study of the labor market, including issues related to employment, unemployment, and wages.
Urban planning: Urban planning is the process by which cities and other urban areas are designed and developed in order to meet the needs of their residents and promote economic growth and development.
Housing policy: Housing policy refers to government policies and programs that are designed to promote affordable and sustainable housing, often through the provision of subsidies and other incentives.
New Institutional Economics: This type of institutional economics focuses mainly on the role of institutions in shaping behavior and economic outcomes.
Historical Institutionalism: Historical institutionalism emphasizes the role of institutions as the product of historical processes and events, and how they shape past and future behaviors.
Institutional Entrepreneurship: Institutional entrepreneurship is the process of creating new institutions, changing existing ones, or developing new policies and practices within institutions.
Evolutionary Institutionalism: Evolutionary institutionalism is a framework that studies how institutions evolve and change over time, in response to environmental factors and feedback.
Constitutional Political Economy: This type of institutional economics studies the institutional arrangements that shape the allocation of resources in society, such as property rights, contracts, and norms.
Public Choice Theory: Public choice theory applies economic tools to the study of political institutions, how they function, and how they affect economic outcomes.
Policy Network Theory: Policy network theory analyses the interactions between the multiple actors involved in policy decision-making, including governmental organizations, interest groups, and individuals.
Comparative Institutional Analysis: Comparative institutional analysis compares and contrasts the similarities and differences in institutional arrangements across various economic systems and societies.
Institutionalism of the Commons: Institutionalism of the commons focuses on the governance of shared resources and how institutions can be designed to promote collective action and avoid the tragedy of the commons.
Institutional Analysis and Development: Institutional analysis and development combines theoretical and practical approaches to understanding the role of institutions in shaping economic outcomes and developing strategies for institutional reform.
"The field can be broadly divided into a classical period and a contemporary one, known as 'new economic sociology.'"
"The classical period was concerned particularly with modernity and its constituent aspects, including rationalisation, secularisation, urbanisation, and social stratification."
"As sociology arose primarily as a reaction to capitalist modernity, economics played a role in much classic sociological inquiry."
"The specific term 'economic sociology' was first coined by William Stanley Jevons in 1879."
"The works of Émile Durkheim, Max Weber, and Georg Simmel between 1890 and 1920."
"Weber's work regarding the relationship between economics and religion and the cultural 'disenchantment' of the modern West."
"Contemporary economic sociology may include studies of all modern social aspects of economic phenomena."
"Frequent areas of inquiry in contemporary economic sociology include the social consequences of economic exchanges, the social meanings they involve, and the social interactions they facilitate or obstruct."
"Economic sociology may thus be considered a field in the intersection of economics and sociology."
"Contemporary economic sociology may include studies of the social consequences of economic exchanges."
"The social meanings they involve."
"The social interactions they facilitate or obstruct."
"Modernity and its constituent aspects."
"Rationalisation, secularisation, urbanisation, and social stratification."
"Sociology arose primarily as a reaction to capitalist modernity."
"Capitalist modernity."
"William Stanley Jevons in 1879."
"Émile Durkheim, Max Weber, and Georg Simmel."
"The approach set forth in the classic period of economic sociology."