Institutional embedding

Of institutional embedding is in the economic sociology spoke and in the comparative capitalism research when market transactions are non-economic purposes or are supported by non-economic social bonds.

According to Gerhard Lehmbruch , the term “embedding” comes from The Great Transformation by Karl Polanyi .

The models of economic theory derive from economic history the institutional framework within which they apply. Because only history can provide information about what society really looked like or looks like to which these theoretical schemes refer. As soon as the institution of private property , the freedom of contract or a greater or lesser degree of state regulation are introduced into the theoretical analysis, social factors also play a role that do not simply belong to economic history, but rather form a kind of generalized, standardized or stylized economic history that Joseph A. Schumpeter subsumes under " economic sociology ".

"Economic analysis [...] deals with the question of how people behave and what economic effects they trigger through their behavior; economic sociology deals with the question of what prompts people to behave like this."

literature

Mark Granovetter : Economic Action and Social Structure: The Problem of Embeddedness. American Journal of Sociology. 1985, 91: 481-510 ( PDF, 3 MB )

Web links

Jens Beckert : The social order of markets (for the socio-structural, institutional and cultural embedding of market action) (abstract)
Conference report “The institutional embedding of markets.” , MPIfG conference from February 1st to 3rd, 2007
The institutional embedding of markets. Conference February 1-3, 2007. Conference Papers

Individual evidence

^ Wolfgang Streeck : Introduction: Explorations into the Origins of Nonliberal Capitalism in Germany and Japan. P. 1 ff. In: Wolfgang Streeck, Kozo Yamamura: The Origins of Nonliberal Capitalism. Germany and Japan in Comparison. Cornell University Press: Ithaca and London 2001. ISBN 0-8014-3917-5 .
^ Gerhard Lehmbruch: The Institutional Embedding of Market Economies: The German 'Model' and its Impact on Japan. In: Wolfgang Streeck, Kozo Yamamura, (eds.): The Origins of Nonliberal Capitalism. Germany and Japan in Comparison. Cornell University Press: Ithaca and London 2001. ISBN 0-8014-3917-5 . P. 39 ff.
^ Karl Polanyi: The Great Transformation. Beacon Press: Boston 1944. p. 57
↑ Joseph A. Schumpeter, (Elizabeth B. Schumpeter, ed.): History of economic analysis. First part of the volume. Vandenhoeck Ruprecht Göttingen 1965. p. 52

[1] Wolfgang Streeck : Introduction: Explorations into the Origins of Nonliberal Capitalism in Germany and Japan. P. 1 ff. In: Wolfgang Streeck, Kozo Yamamura: The Origins of Nonliberal Capitalism. Germany and Japan in Comparison. Cornell University Press: Ithaca and London 2001. ISBN 0-8014-3917-5 .

[2] Gerhard Lehmbruch: The Institutional Embedding of Market Economies: The German 'Model' and its Impact on Japan. In: Wolfgang Streeck, Kozo Yamamura, (eds.): The Origins of Nonliberal Capitalism. Germany and Japan in Comparison. Cornell University Press: Ithaca and London 2001. ISBN 0-8014-3917-5 . P. 39 ff.

[3] Karl Polanyi: The Great Transformation. Beacon Press: Boston 1944. p. 57

[4] Joseph A. Schumpeter, (Elizabeth B. Schumpeter, ed.): History of economic analysis. First part of the volume. Vandenhoeck Ruprecht Göttingen 1965. p. 52