Uncertainty, Conventional Behavior, and Economic Sociology |
| |
| Authors: | Jörg Bibow Paul Lewis Jochen Runde |
| |
| Institution: | Department of Economics and Finance, Franklin College, Selwyn College, Faculty of Social and Political Sciences, and Faculty of Economics and Politics, University of Cambridge, and Judge Institute of Management and Girton College, University of Cambridge, respectively. |
| |
| Abstract: | A bstract 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 writings on uncertainty and conventional behavior on the stock market, and 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 illustrated with concrete examples from a prominent study of the stock market boom of the 1990s. |
| |
| Keywords: | |
|
|
