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The article presents several papers related developments in economics as realist social theory. According to the author, social theory expressly committed to work out the nature of social being, and, or how people access social reality is going through something of a revival in economics. The papers presented, provide numerous results, arguments, conjectures, and critiques have been produced in recent years, and aim to take some of these specific developments further. Context of the papers and basic ideas and results are presented.

Within the growing number of analysts who employ the world system perspective on national development, theoretical disagreements have evolved which may only be settled by examination of available data. Using an adaptation of the network metaphor, this paper blockmodels the world trade system in order (1) to demonstrate a single mode of international exchange in the world system instead of the competing capitalist and communist modes proposed by some, and (2) to illustrate the unique position of the middle level of nations in a three tier world system—a position sometimes denied. Implications for the competing world system theories and world development itself are presented. [ABSTRACT FROM AUTHOR]

Theorizing in economics is often associated with some form of individualism. This paper considers the nature of this association in the work of Carl Menger. I adopt this focus not only because of continuing interest in Menger's work, but because recent developments in social theory facilitate a fruitful reevaluation of his general position. I argue that a convincing link between theory and individualism is absent in Menger's work. Moreover, I argue that the various criticisms often made of his work actually relate to the ideas which underlie his individualism rather than, as is usually supposed, those arising from an adherence to a form of Aristotelianism. [ABSTRACT FROM AUTHOR]