Essay Database

Most insights of sociological markets have been framed as reactions to the neoclassical economic views of functioning markets. Many sociologists prefer the idea that all forms of economic interaction were centered in social relations, many sociologists have stated that embedded markets produce effects of economics. Network theory argues that an embedded market shifts firms' motivations away from the narrow pursuit of immediate economic gains toward the enrichment of relationships through trust and reciprocity. These Social …

…elite and the state." Elites try to exert their influence over state to enforce property rights and other regulatory institutions that shape the market, subsequently benefiting their own interests. Since laws and accepted practices often are reflections of the most powerful groups in society, these economic elites could easily become political elites that pass laws in their own interests, and use their economic power to influence the political outcomes in favor of their own groups.