266 REVIEWS action, comes about as not only due to the aforementioned interests but also as habits and emotions lead to a type of conduct reaching out towards both the individual goal of the actor herself and also to other actors. Economic social action, the core argument of (Weberian) economic sociology, blends the two where both one’s own utility and that of others matter for a behavior induced by economic and social driving forces. ‘In other words, economic social action, the basic unit in Weber’s economic sociology, differs from economic action, the basic unit of analysis in economic theory, in that it not only is driven by material inter- ests and directed at utility, but also takes the behavior of others into account.’ (Swedberg: 5). Weber’s notion of social economic action according to Swedberg ( p. 24) In addition, Weber’s interpretation of the relation between economic and sociological theory allegedly focuses rational/nonrational action and social/nonsocial action where eco- nomic theory is more conﬁned to the ﬁrst sense, given its unique preoccupation with eco- nomic goals. Swedberg further identiﬁes four themes that inspire Weber’s second chapter of Economy and Society wherein the lion’s share of his economic sociology is found.
The Review of Austrian Economics – Springer Journals
Published: Oct 6, 2004
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