Welcome to our Sociology of Economics category, where we explore the dynamic relationship between sociology and economics. Here, you will find insightful articles, studies, and resources that delve into the social aspects and impacts of economic systems, policies, and theories.
Understanding the sociology of economics is crucial in comprehending how societal factors influence economic behavior, and vice versa. This category sheds light on the social structures, institutions, and cultural influences that shape economic activities. Whether you are a student, researcher, or simply fascinated by the interplay between society and economics, this category is a must-read.
Our knowledgeable contributors cover a wide range of topics, including social inequality, labor markets, globalization, consumer behavior, and economic development. We analyze how these factors interact with economic systems, such as capitalism, socialism, and mixed economies, to shape wealth distribution, market outcomes, and individual and group behaviors.
In this category, you will find articles that explore sociological theories such as social stratification, social networks, and social norms, and how they intersect with economic theories like supply and demand, market competition, and economic rationality. Our aim is to provide a comprehensive understanding of the intricate relationship between sociology and economics.
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Just-in-time (JIT) systems are widely associated with industrial efficiency and economic rationalization. Originating in manufacturing and logistics, particularly through the Toyota Production System, the JIT approach has since spread across various sectors including retail, health care, education, and even the…
Introduction The concept of “less developed countries” (LDCs) plays a central role in sociological discussions of global inequality, development, and the international division of labor. From a sociological perspective, the classification of some nations as “less developed” reflects not only…
Introduction Machine production is a cornerstone of modern industrial society. It shapes economies, labor systems, technological development, and even cultural life. In sociological terms, machine production refers not merely to the mechanical process of manufacturing goods using machinery, but also…
Introduction Mercantile capitalism, also referred to as mercantilism, constitutes a pivotal formative stage in the long historical trajectory of capitalist economies. Emerging predominantly between the 15th and 18th centuries, this mode of economic organization was characterized by a complex interplay…
Introduction Elliott Currie’s Market Economy Theory emerged in the 1990s as one of the most systematic sociological accounts of why advanced capitalist societies—particularly the United States—tolerate levels of violent crime far above those of their economic peers. In a series…
Introduction Long Wave Theory, often referred to as Kondratiev Waves, proposes that capitalist economies move through long-term cycles of expansion and contraction, each lasting approximately 40 to 60 years. Named after the Russian economist Nikolai Kondratiev, this theory has found…
The self‑service economy describes the growing assemblage of technologies, business models, and cultural expectations through which tasks once carried out by paid workers are transferred to consumers themselves. From scanning groceries at supermarket kiosks, to booking flights online, to troubleshooting…
Introduction: Understanding the Nexus of State and Capital State monopoly capitalism is a term that has long occupied a central position in Marxist theory and critical sociology. It refers to a specific and advanced phase of capitalist development in which…
Introduction The service sector—also called the tertiary sector—encompasses economic activities where value is produced primarily through intangible outputs such as knowledge, experiences, and interactions rather than through the fabrication of physical goods. In contemporary capitalist societies the service sector dominates…
Inflation is often introduced in economics textbooks as a technical change in the average price level. Yet price movements do not occur in a social vacuum. They are embedded in historically specific relations of power, culture, and institutions that shape…
