Social Embeddedness, Social Capital and the Market Process: An Introduction to the Special Issue on Austrian Economics, Economic Sociology and Social Capital
Review of Austrian Economics (2008), 21: 107-18
26 Pages Posted: 31 Dec 2014
Date Written: 2008
Two of the most influential concepts in social science over the past two decades have been 'social embeddedness' and 'social capital'. This essay introduces a special issue of the Review of Austrian Economics in which those concepts are examined from the perspective provided by Austrian economics. In particular, the contributors consider the compatibility of notions of 'embeddedness' and 'social capital' with the Austrian theory of the market process and explore whether reformulating those concepts in the light of Austrian ideas can contribute fresh insights.
Keywords: Austrian economics, economic sociology, trust, social capital
JEL Classification: A12, B40, B41, B53
Suggested Citation: Suggested Citation