This paper explores the presence and consideration of economics in sociology, specifically its classical version. It identifies certain original and independent economic theories, concepts and approaches in classical sociological theory as central and its derivations, implications and extensions of economics as peripheral. The paper argues and demonstrates that classical sociology is far from being the science of noneconomic or irrational phenomena, as often sociologists conceive it and economists perceive it in counter-distinction from economics defined as the science of rational behavior, and indeed encompasses virtually all economic activities and processes, and thus prefigures New Economic Sociology adopting the same approach. [ABSTRACT FROM AUTHOR]
*NEOCLASSICAL school of economics, *ECONOMICS, *ECONOMIC activity, *ECONOMIC sociology, *PLURALISM
Abstract
Economic thought evolved over the past two centuries to focus on individual behavior as the basis for all economic activity. Some heterodox economists have pointed to the importance of group behavior and the influence of organizations on economic activity, but the neoclassical paradigm, with the rational isolated individual as its main actor, prevails in mainstream economics. This paper presents a "sociology of economics" to explain why the prevailing paradigm of economics does not allow seeing and studying group behavior. Drawing on the work of Pierre Bourdieu, the paper details the habitus, the system of beliefs and the symbolic violence against those who question them. Also, it highlights the support of commercial and financial interests to the dominant culture. [ABSTRACT FROM AUTHOR]