This paper addresses the question of what role morally oriented behavior plays in the efficiency of market outcomes. This issue is as controversial in economics as it is in sociology. To get a better understanding of the problems and opportunities involved in morally oriented behavior in...

Auch die Wirtschaft moderner Gesellschaften folgt nicht einfach einer ökonomischen Eigengesetzlichkeit, sondern konstituiert sich aus ihrer Einbettung in ein Gefüge sittlicher Werte, Interessen und sozialer Macht. Von welcher theoretischen Grundlage lässt sich die Sittlichkeit der Wirtschaft...

Capitalism is an economic and social order oriented toward the future. In this paper, I describe the unfolding of the temporal order of capitalism and relate it to the restless dynamism of capitalism we have observed since the Industrial Revolution. Since the future is open, actors are...

Political economy and economic sociology have developed in relative isolation from each other. While political economy focuses largely on macrophenomena, economic sociology focuses on the level of social interaction in the economy. The paper argues that economic sociology can provide a...