The economy and economics are important fields in Talcott Parsons's work. Parsons's contributions on this subject were, however, mostly critically received in the new economic sociology. In this article, main points of criticism of Parsons's economic sociology will be discussed and the question...

In this article I attempt to contribute to the development of foundations for a sociological theory of economic action. Such a theory, it is argued here, has to make a substantial break with the teleological structure that informs both rational actor theory and normative theories of action....

Illegal markets differ from legal markets in many respects. Although illegal markets have economic significance and are of theoretical importance, they have been largely ignored by economic sociology. In this article we propose a categorization for illegal markets and highlight reasons why...