Uncertainty, Conventional Behavior, and Economic Sociology

Levy Economics Institute of Bard College Working Paper No. 339

8 Pages Posted: 22 Oct 2001

See all articles by Jörg Bibow

Jörg Bibow

Skidmore College - Department of Economics; Bard College - Levy Economics Institute

Paul A. Lewis

King's College London

Jochen Runde

University of Cambridge - Judge Business School

Date Written: September 2001

Abstract

This paper addresses the problem of the conceptualization of social structure and its relationship to human agency in economic sociology. The background is provided by John Maynard Keynes's observations on the effects of uncertainty and conventional behavior on the stock market; the analysis consists of a comparison of the social ontologies of the French Intersubjectivist School and the Economics as Social Theory Project in the light of these observations. The theoretical argument is followed by concrete examples drawn from a prominent recent study of the stock market boom of the 1990s.

Suggested Citation

Bibow, Jörg and Lewis, Paul Andrew and Runde, Jochen, Uncertainty, Conventional Behavior, and Economic Sociology (September 2001). Levy Economics Institute of Bard College Working Paper No. 339. Available at SSRN: https://ssrn.com/abstract=288105 or http://dx.doi.org/10.2139/ssrn.288105

Jörg Bibow (Contact Author)

Skidmore College - Department of Economics ( email )

Saratoga Springs, NY 12866
United States

Bard College - Levy Economics Institute ( email )

Blithewood Rd
Annandale on Hudson, NY 12504
United States

Paul Andrew Lewis

King's College London ( email )

Bush House
Aldwych
London, WC2R 2LS
United Kingdom
+44 0 20 7848 3970 (Phone)
+44 0 20 7848 3970 (Fax)

HOME PAGE: http://www.kcl.ac.uk/sspp/departments/politicaleconomy/people/academic/lewis.aspx

Jochen Runde

University of Cambridge - Judge Business School ( email )

Trumpington Street
Cambridge, CB2 1AG
United Kingdom

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