A major book from one of the most influential and well-known economists of the 20th century, who coined the term 'creative destruction' His students include famous economists such as Robert Solow and the former Federal Reserve chairman, Alan Greenspan and The Economist magazine even had a column called 'Schumpter' for many years Schumpeter launched the idea of the 'business cycle' in this book, which has become a permanent feature of thousands of curricula in business and economics Includes a new foreword by Richard Swedberg

Economic sociology has gone through an explosive development, both in the United States and in Europe, in recent years. These new developments are well represented in this work. Articles by key economic sociologists, such as Mark Granovetter, Pierre Bourdieu and Viviana Zelizer, have been included as well as studies by members of a new and rising generation. The topics that are covered include several classical ones, which modern economic sociologists have worked on for a long time, such as firms, markets, networks and the economics/sociology interface. During the last few years several studies have also appeared which deal with new areas, such as finance, law and economics, and entrepreneurship. The reader will finally also be able to follow recent advances in the understanding of the classics in economic sociology, including Weber, Schumpeter and Polanyi. The result is a colourful and unorthodox two volume collection which will be of interest to scholars and researchers alike. The book includes 42 articles, dating from 1989 to 2003.

All social scientists learn the celebrated theories and frameworks of their predecessors, using them to inform their own research and observations. But before there can be theory, there must be theorizing. "Theorizing in Social Science" introduces the reader to the next generation of theory construction and suggests useful ways for creating social theory.
What makes certain types of theories creative, and how does one go about theorizing in a creative way? The contributors to this landmark collection--top social scientists in the fields of sociology, economics, and management--draw on personal experiences and new findings to provide a range of answers to these questions. Some turn to cognitive psychology and neuroscience's impact on our understanding of human thought, others encourage greater dialogue between and across the arts and sciences, while still others focus on the processes by which observation leads to conceptualization. Taken together, however, the chapters collectively and actively encourage a shift in the place of theory in social science today. Appealing to students and scientists across disciplines, this collection will inspire innovative approaches to producing, teaching, and learning theory.

According to Joseph Schumpeter, 'economic sociology' is an area of interest to both economists and sociologists. Economic sociology is generally considered to have been invented towards the end of the nineteeth century when it quickly became both popular and successful. Its goal -- then as now -- is to analyse economic institutions from a sociological perspective. During 1930-1980 interest waned; but during the last 10 to 15 years there has been something of a renaissance in this field, especially associated with what is called New Economic Sociology. This volume contains many of the classic articles in economic sociology, both from the early period (especially Max Weber and Joseph Schumpeter) and from the current generation (such as Mark Granovetter and Viviana Zelizer).

The mechanism approach calls attention to an intermediary level of analysis, in between pure description and story-telling, on the one hand, and grand theorizing and universal social laws, on the other. These essays, written by prominent social scientists, advance criticisms of current trends in social theory and suggest alternative approaches. For social theory to be of use for the working social scientist, it must attain a high level of precision and provide a toolbox from which middle range theories can be constructed.

Alexis de Tocqueville (1805-59) has long been recognized as a major political and social thinker as well as historian, but his writings also contain a wealth of little-known insights into economic life and its connection to the rest of society. In Tocqueville's Political Economy, Richard Swedberg shows that Tocqueville had a highly original and suggestive approach to economics--one that still has much to teach us today. Through careful readings of Tocqueville's two major books and many of his other writings, Swedberg lays bare Tocqueville's ingenious way of thinking about major economic phenomena. At the center of Democracy in America, Tocqueville produced a magnificent analysis of the emerging entrepreneurial economy that he found during his 1831-32 visit to the United States. More than two decades later, in The Old Regime and the Revolution, Tocqueville made the complementary argument that it was France's blocked economy and society that led to the Revolution of 1789. In between the publication of these great works, Tocqueville also produced many lesser-known writings on such topics as property, consumption, and moral factors in economic life. When examined together, Swedberg argues, these books and other writings constitute an interesting alternative model of economic thinking, as well as a major contribution to political economy that deserves a place in contemporary discussions about the social effects of economics.

A major book from one of the most influential and well-known economists of the 20th century, who coined the term 'creative destruction' His students include famous economists such as Robert Solow and the former Federal Reserve chairman, Alan Greenspan and The Economist magazine even had a column called 'Schumpter' for many years Schumpeter launched the idea of the 'business cycle' in this book, which has become a permanent feature of thousands of curricula in business and economics Includes a new foreword by Richard Swedberg

In the social sciences today, students are taught theory by reading and analyzing the works of Karl Marx, Max Weber, and other foundational figures of the discipline. What they rarely learn, however, is how to actually theorize. "The Art of Social Theory" is a practical guide to doing just that.

In this one-of-a-kind user's manual for social theorists, Richard Swedberg explains how theorizing occurs in what he calls the context of discovery, a process in which the researcher gathers preliminary data and thinks creatively about it using tools such as metaphor, analogy, and typology. He guides readers through each step of the theorist's art, from observation and naming to concept formation and explanation. To theorize well, you also need a sound knowledge of existing social theory. Swedberg introduces readers to the most important theories and concepts, and discusses how to go about mastering them. If you can think, you can also learn to theorize. This book shows you how.

Concise and accessible, "The Art of Social Theory" features helpful examples throughout, and also provides practical exercises that enable readers to learn through doing.

A new addition to the Oxford Management Readers series that looks at the culture and role of the entrepreneur from an interdisciplinary perspective. Introduced by an internationally known and highly respected editor, this volume contains the best that has been written on the subject by economists, sociologists, historians, and anthropologists.

Capitalism dominates economies all over the world and is a key force in the process of globalization. What makes it such a uniquely dynamic social and economic force, however, is open to debate. The essays in this book take up this issue, offering theories on both what encourages and what blocks capitalism.
In "On Capitalism" leading economists, sociologists, and political scientists develop ideas and insights into the dynamic of capitalism as a global economic order. Unlike studies that focus only on localized descriptions of what has made capitalism function in a specific place, these essays examine the general mechanisms that account for dynamic or rational capitalism. As each chapter shows, the mechanisms motivating and facilitating today's global capitalism are not rooted in the materialist domain of incremental capital accumulation, but in the realm of ideas and institutional structures. Taken as a whole, these essays offer a rich account of the interconnectedness of the economic, political, and religious institutions of modern capitalism.

Max Weber is one of the world's most important social scientists, but he is also one of the most notoriously difficult to understand. This revised, updated, and expanded edition of The Max Weber Dictionary reflects up-to-the-moment threads of inquiry and introduces the most recent translations and references. Additionally, the authors include new entries designed to help researchers use Weber's ideas in their own work; they illuminate how Weber himself thought theorizing should occur and how he went about constructing a theory. More than an elementary dictionary, however, this work makes a contribution to the general culture and legacy of Weber's work. In addition to entries on broad topics like religion, law, and the West, the completed German definitive edition of Weber's work (Max Weber Gesamtausgabe) necessitated a wealth of new entries and added information on topics like pragmatism and race and racism. Every entry in the dictionary delves into Weber scholarship and acts as a point of departure for discussion and research. As such, this book will be an invaluable resource to general readers, students, and scholars alike.

Capitalism dominates economies all over the world and is a key force in the process of globalization. What makes it such a uniquely dynamic social and economic force, however, is open to debate. The essays in this book take up this issue, offering theories on both what encourages and what blocks capitalism.
In "On Capitalism" leading economists, sociologists, and political scientists develop ideas and insights into the dynamic of capitalism as a global economic order. Unlike studies that focus only on localized descriptions of what has made capitalism function in a specific place, these essays examine the general mechanisms that account for dynamic or rational capitalism. As each chapter shows, the mechanisms motivating and facilitating today's global capitalism are not rooted in the materialist domain of incremental capital accumulation, but in the realm of ideas and institutional structures. Taken as a whole, these essays offer a rich account of the interconnectedness of the economic, political, and religious institutions of modern capitalism.

All social scientists learn the celebrated theories and frameworks of their predecessors, using them to inform their own research and observations. But before there can be theory, there must be theorizing. "Theorizing in Social Science" introduces the reader to the next generation of theory construction and suggests useful ways for creating social theory.
What makes certain types of theories creative, and how does one go about theorizing in a creative way? The contributors to this landmark collection--top social scientists in the fields of sociology, economics, and management--draw on personal experiences and new findings to provide a range of answers to these questions. Some turn to cognitive psychology and neuroscience's impact on our understanding of human thought, others encourage greater dialogue between and across the arts and sciences, while still others focus on the processes by which observation leads to conceptualization. Taken together, however, the chapters collectively and actively encourage a shift in the place of theory in social science today. Appealing to students and scientists across disciplines, this collection will inspire innovative approaches to producing, teaching, and learning theory.

Joseph Schumpeter is seen as the foremost theoretician of entrepreneurship. In addition, Schumpeter, whose "creative destruction" is as famous as Milton Friedman's "there is no free lunch," is increasingly recognized as a major economist, often given the same stature as John Maynard Keynes.
Schumpeter spent the last twenty years of his life as a Professor of Economics at Harvard University. English-speaking readers may be familiar with some of his works, especially "The Theory of Economic Development" and the classic "Capitalism, Socialism, and Democracy." However, very few of Schumpeter's key texts on the entrepreneur and entrepreneurship have been available in English.
This anthology contains several newly translated texts and puts together, for the very first time, all of Schumpeter's writings on the entrepreneur and entrepreneurship. English-speaking readers will now be able to access the entire palette of Schumpeter's work and to follow the evolution of his ideas over time.
The volume begins with an introduction that points readers to the most important aspects of the works presented. The introduction also attempts to go beyond Schumpeter's ideas, drawing on his basic intuitions of entrepreneurship to share a couple of key notions: that entrepreneurship consists of a new combination of already existing elements in the economy and that the entrepreneur has to break through resistance to the new idea, in him or herself as well as in others.

Max Weber is one of the world's most important social scientists, but he is also one of the most notoriously difficult to understand. This revised, updated, and expanded edition of The Max Weber Dictionary reflects up-to-the-moment threads of inquiry and introduces the most recent translations and references. Additionally, the authors include new entries designed to help researchers use Weber's ideas in their own work; they illuminate how Weber himself thought theorizing should occur and how he went about constructing a theory. More than an elementary dictionary, however, this work makes a contribution to the general culture and legacy of Weber's work. In addition to entries on broad topics like religion, law, and the West, the completed German definitive edition of Weber's work (Max Weber Gesamtausgabe) necessitated a wealth of new entries and added information on topics like pragmatism and race and racism. Every entry in the dictionary delves into Weber scholarship and acts as a point of departure for discussion and research. As such, this book will be an invaluable resource to general readers, students, and scholars alike.

In the social sciences today, students are taught theory by reading and analyzing the works of Karl Marx, Max Weber, and other foundational figures of the discipline. What they rarely learn, however, is how to actually theorize. The Art of Social Theory is a practical guide to doing just that. In this one-of-a-kind user's manual for social theorists, Richard Swedberg explains how theorizing occurs in what he calls the context of discovery, a process in which the researcher gathers preliminary data and thinks creatively about it using tools such as metaphor, analogy, and typology. He guides readers through each step of the theorist's art, from observation and naming to concept formation and explanation. To theorize well, you also need a sound knowledge of existing social theory. Swedberg introduces readers to the most important theories and concepts, and discusses how to go about mastering them. If you can think, you can also learn to theorize. This book shows you how. Concise and accessible, The Art of Social Theory features helpful examples throughout, and also provides practical exercises that enable readers to learn through doing.

The mechanism approach calls attention to an intermediary level of analysis, in between pure description and story-telling, on the one hand, and grand theorizing and universal social laws, on the other. These essays, written by prominent social scientists, advance criticisms of current trends in social theory and suggest alternative approaches. For social theory to be of use for the working social scientist, it must attain a high level of precision and provide a toolbox from which middle range theories can be constructed.

"By proposing a shift of focus for economic sociology in an important and so far underinvestigated realm, this book represents a significant advancement in the further development of the field. What has been underemphasized in the new economic sociology, the editors rightly claim, is a more macro-oriented investigation of the operation of capitalism as an economic and social system. The high quality contributions in "The Economic Sociology of Capitalism" address concerns that have stood at the center of classical works in economic sociology by Weber, Durkheim, Polanyi, and Schumpeter which are still important and will find more attention through this volume."--Jens Beckert, Georg-August-Universitat Gottingen, author of "Beyond the Market"

"An excellent contribution to the field. Not only are the editors and authors leading figures in the social sciences, but the individual contributions are always good and sometimes outstanding. Importantly, the book goes well beyond previous collections on economic sociology, which have overrelied on 'oppositional identity' with regard to economics and have been satisfied for too long with poking holes in specific economic arguments rather than developing coherent sociological ones. From the opening through all of the chapters, this book takes economics seriously--a necessary starting point for an effective economic sociology. Its focus on the institutions of capitalism represents an important first step to constructing economic-sociological theory. The chapters are varied in style and subject, which makes the book interesting and substantively rewarding."--Paul Ingram, Columbia University

While most people are familiar with "The Protestant Ethic and the Spirit of Capitalism," few know that during the last decade of his life Max Weber (1864-1920) also tried to develop a new way of analyzing economic phenomena, which he termed "economic sociology." Indeed, this effort occupies the central place in Weber's thought during the years just before his death. Richard Swedberg here offers a critical presentation and the first major study of this fascinating part of Weber's work.

This book shows how Weber laid a solid theoretical foundation for economic sociology and developed a series of new and highly evocative concepts. He not only investigated economic phenomena but also linked them clearly with political, legal, and religious phenomena. Swedberg also demonstrates that Weber's approach to economic sociology addresses a major problem that has haunted economic analysis since the nineteenth century: how to effectively unite an interest-driven type of analysis (popular with economists) with a social one (of course preferred by sociologists). Exploring Weber's views of the economy and how he viewed its relationship to politics, law, and religion, Swedberg furthermore discusses similarities and differences between Weber's economic sociology and present-day thinking on the same topic. In addition, the author shows how economic sociology has recently gained greater credibility as economists and sociologists have begun to collaborate in studying problems of organizations, political structures, social problems, and economic culture more generally. Swedberg's book will be sure to further this new cooperation.

The renowned economist Joseph A. Schumpeter (1883-1950) made seminal contributions not only to economic theory but also to sociology and economic history. His work is now attracting wide attention among sociologists, as well as experiencing a remarkable revival among economists. This anthology, which serves as an excellent introduction to Schumpeter, emphasizes his broad socio-economic vision and his attempt to analyze economic reality from several different perspectives. An ambitious introductory essay by Richard Swedberg uses many new sources to enhance our understanding of Schumpeter's life and work and to help analyze his fascinating character. This essay stresses Schumpeter's ability to draw on several social sciences in his study of capitalism.

Some of the articles in the anthology are published for the first time. The most important of these are Schumpeter's Lowell Lectures from 1941, "An Economic Interpretation of Our Time." Also included is the transcript of his lecture "Can Capitalism Survive?" (1936) and the high-spirited debate that followed. The anthology contains many of Schumpeter's classical sociological articles, such as his essays on the tax state, imperialism, and social classes. And, finally, there are lesser known articles on the future of private enterprise, on the concept of rationality in the social sciences, and on the work of Max Weber, with whom Schumpeter collaborated on several occasions.

Hope is an integral part of social life. Yet, hope has not been studied systematically in the social sciences. Editors Hirokazu Miyazaki and Richard Swedberg have collected essays that investigate hope in a broad range of socioeconomic situations and phenomena across time and space and from a variety of disciplinary vantage points. Contributors survey the resilience of hope, and the methodological implications of studying hope, in such experiences as farm collectivization in mid-twentieth-century communist Romania, changing employment relations under Japan's neoliberal reform during the first decade of the twenty-first century, the dynamics of innovation and replication in a West African niche economy, and Barack Obama's 2008 political campaign of hope in the midst of the unfolding global financial crisis. The Economy of Hope shifts the analytic of anthropological and sociological investigations from knowledge to hope, presents case studies on the loss of collective hope, and concludes by offering techniques for replicating hope. In the hands of Miyazaki and Swedberg and their distinguished contributors, hope becomes not only a method of knowledge but also an essential framework for the sociocultural analysis of economic phenomena. Contributors: Yuji Genda, Jane Guyer, Hirokazu Miyazaki, Annelise Riles, Richard Swedberg, Katherine Verdery.

The boundary between economics and sociology is presently being redefined--but how, why, and by whom? Richard Swedberg answers these questions in this thought-provoking book of conversations with well-known economists and sociologists. Among the economists interviewed are Gary Becker, Amartya Sen, Kenneth Arrow, and Albert O. Hirschman; the sociologists include Daniel Bell, Harrison White, James Coleman, and Mark Granovetter. The picture that emerges is that economists and sociologists have paid little attention to each other during most of the twentieth century: social problems have been analyzed as if they had no economic dimension and economic problems as if they had no social dimension. Today, however, there is a dialogue between the two fields, as economists take on social topics and as sociologists become interested in rational choice and "new economic sociology." The interviewees describe how they came to challenge the present separation between economics and sociology, what they think of the various proposals to integrate the fields, and how they envision the future. The author summarizes the results of the conversations in the final chapter. The individual interviews also serve as superb introductions to the work of these scholars.

A new addition to the Oxford Management Readers series that looks at the culture and role of the entrepreneur from an interdisciplinary perspective. Introduced by an internationally known and highly respected editor, this volume contains the best that has been written on the subject by economists, sociologists, historians, and anthropologists.

The last fifteen years have witnessed an explosion in the popularity, creativity, and productiveness of economic sociology, an approach that traces its roots back to Max Weber. This important new text offers a comprehensive and up-to-date overview of economic sociology. It also advances the field theoretically by highlighting, in one analysis, the crucial economic roles of both interests and social relations.

Richard Swedberg describes the field's critical insights into economic life, giving particular attention to the effects of culture on economic phenomena and the ways that economic actions are embedded in social structures. He examines the full range of economic institutions and explicates the relationship of the economy to politics, law, culture, and gender. Swedberg notes that sociologists too often fail to properly emphasize the role that self-interested behavior plays in economic decisions, while economists frequently underestimate the importance of social relations. Thus, he argues that the next major task for economic sociology is to develop a theoretical and empirical understanding of how interests and social relations work in combination to affect economic action. Written by an author whose name is synonymous with economic sociology, this text constitutes a sorely needed advanced synthesis--and a blueprint for the future of this burgeoning field.

Alexis de Tocqueville (1805-59) has long been recognized as a major political and social thinker as well as historian, but his writings also contain a wealth of little-known insights into economic life and its connection to the rest of society. In "Tocqueville's Political Economy," Richard Swedberg shows that Tocqueville had a highly original and suggestive approach to economics--one that still has much to teach us today.

Through careful readings of Tocqueville's two major books and many of his other writings, Swedberg lays bare Tocqueville's ingenious way of thinking about major economic phenomena. At the center of "Democracy in America," Tocqueville produced a magnificent analysis of the emerging entrepreneurial economy that he found during his 1831-32 visit to the United States. More than two decades later, in "The Old Regime and the Revolution," Tocqueville made the complementary argument that it was France's blocked economy and society that led to the Revolution of 1789. In between the publication of these great works, Tocqueville also produced many lesser-known writings on such topics as property, consumption, and moral factors in economic life. When examined together, Swedberg argues, these books and other writings constitute an interesting alternative model of economic thinking, as well as a major contribution to political economy that deserves a place in contemporary discussions about the social effects of economics.