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13 April 2012

"Irrational Choice Theory"

Read this article now. It's an interview with economic sociologist Neil Fligstein. Here's a snarky selection:

But economics has remained by and large impervious to most sociological ideas. Every so often economists pick one up – they picked up social capital and they’ve picked up network analysis a little bit. What they do is usually separate it from its roots and fail to cite its original source....When they do pick up and deploy ideas they use their own grammar and act as if they made the ideas up.
...
And as for the dismal science of economics, I think reality undermines it every day without this assistance of sociologists.

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