and severity of the economic crisis and on the design of the reforms, but very much also on the political economy of …: - the power of sections of the economy and polity that will lose from effective implementation; - the political independence …

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 microfoundation of political economy beyond rational actor theory and behavioral …