Rethinking 'Embeddedness': Law, Economy, Community.

Ideas (of Karl Polanyi and others) that economies and markets are 'socially embedded' are central to recent research in economic sociology, closely paralleling socio-legal claims for studying law in 'social context'. But the concept of embeddedness is imprecise and inadequate: a sociology of law and...

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Publicado en:Journal of Law & Society Vol. 40; no. 1; pp. 49 - 68
Autor principal: Cotterrell, Roger
Formato: Artículo
Publicado: Wiley-Blackwell Mar2013
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Acceso en línea:Ver este registro en EBSCOhost
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        au: Cotterrell, Roger
        affil: Department of Law, Queen Mary, University of London, Mile End Road, London E1 4NS, England
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        Embeddedness (Socioeconomic theory)
        Legal research
        Economic sociology
        Sociological research
        Law & economics
        Sociocultural factors
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        subj:
          Embeddedness (Socioeconomic theory)
          Legal research
          Economic sociology
          Sociological research
          Law & economics
          Sociocultural factors
      ab: Ideas (of Karl Polanyi and others) that economies and markets are 'socially embedded' are central to recent research in economic sociology, closely paralleling socio-legal claims for studying law in 'social context'. But the concept of embeddedness is imprecise and inadequate: a sociology of law and economy cannot rely on it but must address intellectual and moral-political concerns that its use reflects. Max Weber's writings on law and economy have inspired advocates of a new economic sociology of law, but some of Weber's key claims may be outdated, and he treats law and economy as distinct spheres rather than as facets of the social. Sociological research on law and economy should focus on 'networks of community' and their regulation, thus illuminating the social character of both law and economic relations. Viewing the social (including economic life) through a 'community lens' makes it possible to analyse cultural factors in regulating markets, while emphasizing links between economic relations and other aspects of social life.
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