Economic sociology as disequilibrium economics: a contribution to the critique of the new economic sociology.

This paper analyses the problem of the asocial view of the market at the theoretical core of contemporary economic sociology. Despite much emphasis on the apparent interpenetration of society and the economy, contemporary economic sociology is rooted in an analytical distinction between the two spheres. The implicit reliance on the neoclassical economic conception of the market helps to explain why the 'new economic sociology' often collapses into disequilibrium economics, where disequilibrium becomes the central but unstated prediction of a good deal of the work in the paradigm. Using a sample of contributions from the field, I demonstrate that a strong tendency running through much of the new economic sociology tends to understand society as a fundamentally distortionary force. To resolve this problem, I argue that an independent field of economic sociology necessitates a distinction between social relationships and social relations. [ABSTRACT FROM AUTHOR]