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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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…
Introduction Student loans in the United Kingdom are often promoted as fair, protective, and aligned with the principle of paying only when your income surpasses a specific threshold. The impression conveyed is that graduates who earn less than a particular…
Introduction Economic growth is widely regarded as a primary indicator of societal progress. It encompasses the expansion of a nation’s productive capacity, reflected in higher levels of income, employment opportunities, and technological innovation. Yet, as nations chase faster growth rates,…
Introduction Petty commodity production is a term that encapsulates the production of goods or services by a small-scale producer, often working with minimal capital, tools, and labor. In many cases, these producers are self-employed individuals or small family units who…
Underconsumption is a significant concept in sociological and economic discourse, highlighting the structural, cultural, and institutional factors that lead to a persistent gap between aggregate production capacities and actual consumer demand. While often associated with economic theories, underconsumption also intersects…
Introduction Seasonal unemployment is a phenomenon that surfaces in various parts of the world, reflecting cyclical patterns in economic activity, labor demand, and social structures. At its core, seasonal unemployment arises from fluctuations in labor demands during different times of…
Introduction The concept of a poverty line sits at the heart of social policy debates, shaping decisions about welfare, development, and social justice. For many sociologists, this concept goes beyond mere numbers: it highlights the lived realities, cultural contexts, and…
Introduction Primogeniture, at its core, refers to a system of inheritance whereby the eldest child—often specifically the eldest son—becomes the primary or sole heir to a family’s wealth, assets, or titles. For centuries, this practice shaped social, economic, and political…
Surplus value is a fundamental concept in Marxist political economy that continues to hold significant relevance in contemporary sociological debates. Coined by Karl Marx, surplus value seeks to explain how profit is generated under capitalist modes of production by highlighting…
