IDEAS home Printed from https://ideas.repec.org/p/new/wpaper/1605.html
   My bibliography  Save this paper

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

    Download full text from publisher

    File URL: http://www.economicpolicyresearch.org/econ/2016/NSSR_WP_052016.pdf
    File Function: First version, 2016
    Download Restriction: no
    ---><---

    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)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Leeson, Peter T., 2005. "Endogenizing fractionalization," Journal of Institutional Economics, Cambridge University Press, vol. 1(1), pages 75-98, June.
    2. Mariya Aleksynska & Giovanni Peri, 2014. "Isolating the Network Effect of Immigrants on Trade," The World Economy, Wiley Blackwell, vol. 37(3), pages 434-455, March.
    3. Janvier D. Nkurunziza, 2005. "Reputation and Credit without Collateral in Africa`s Formal Banking," Economics Series Working Papers WPS/2005-02, University of Oxford, Department of Economics.
    4. Karla Hoff & Mayuresh Kshetramade & Ernst Fehr, 2011. "Caste and Punishment: the Legacy of Caste Culture in Norm Enforcement," Economic Journal, Royal Economic Society, vol. 121(556), pages 449-475, November.
    5. Pyle, William, 2006. "Resolutions, recoveries and relationships: The evolution of payment disputes in Central and Eastern Europe," Journal of Comparative Economics, Elsevier, vol. 34(2), pages 317-337, June.
    6. Zakaria Babutsidze & Nobuyuki Hanaki & Adam Zylbersztejn, 2019. "Digital Communication and Swift Trust," Post-Print halshs-02409314, HAL.
    7. Chiaki Moriguchi, 2005. "Did American Welfare Capitalists Breach Their Implicit Contracts during the Great Depression? Preliminary Findings from Company-Level Data," ILR Review, Cornell University, ILR School, vol. 59(1), pages 51-81, October.
    8. Yefimov, Vladimir, 2009. "Comparative historical institutional analysis of German, English and American economics," MPRA Paper 48173, University Library of Munich, Germany.
    9. Yuheng Lin & Dooruj Rambaccussing & Yu Zhu, 2024. "The impact of international students in the UK on the cultural goods trade," French Stata Users' Group Meetings 2024 29, Stata Users Group.
    10. Litina, Anastasia, 2012. "Unfavorable land endowment, cooperation, and reversal of fortune," MPRA Paper 39702, University Library of Munich, Germany.
    11. Michel S. Zouboulakis & John Kamarianos, 2002. "Racionalidad y cooperación entre firmas. Examen del comportamiento habitual de las industrias griegas," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 4(7), pages 98-113, July-Dece.
    12. Badarinza, Cristian & Ramadorai, Tarun & Shimizu, Chihiro, 2022. "Gravity, counterparties, and foreign investment," Journal of Financial Economics, Elsevier, vol. 145(2), pages 132-152.
    13. Abeliansky, Ana & Krenz, Astrid, 2015. "Democracy and international trade: Differential effects from a panel quantile regression framework," University of Göttingen Working Papers in Economics 243, University of Goettingen, Department of Economics.
    14. Mayshar, Joram & Moav, Omer & Neeman, Zvika, 2011. "Transparency, Appropriability and the Early State," CEPR Discussion Papers 8548, C.E.P.R. Discussion Papers.
    15. Bramoullé, Yann & Goyal, Sanjeev, 2016. "Favoritism," Journal of Development Economics, Elsevier, vol. 122(C), pages 16-27.
    16. Ghidoni, Riccardo & Suetens, Sigrid, 2019. "Empirical Evidence on Repeated Sequential Games," Other publications TiSEM ff3a441f-e196-4e45-ba59-c, Tilburg University, School of Economics and Management.
    17. Konstantin Yanovsky & Ilia Zatcovetzky & Sergei Zhavoronkov & Ekaterina Reva, 2013. "Modern Anti-Capitalistic Ideologies," Working Papers 0059, Gaidar Institute for Economic Policy, revised 2013.
    18. Rajgopal Kannan & Lydia Ray & Sudipta Sarangi, 2007. "The structure of information networks," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 30(1), pages 119-134, January.
    19. Itzhak Gilboa & Andrew Postlewaite & Larry Samuelson & David Schmeidler, 2011. "Economic Models as Analogies," PIER Working Paper Archive 12-001, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    20. La Ferrara, Eliana & Corno, Lucia & Voena, Alessandra, 2020. "Female Genital Cutting and the Slave Trade," CEPR Discussion Papers 15577, C.E.P.R. Discussion Papers.

    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

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:new:wpaper:1605. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mark Setterfield (email available below). General contact details of provider: https://edirc.repec.org/data/denewus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.