Talcott Parsons on Economic and Social Theory: The Relevance of the Amherst Term Papers.

The article discusses economic and social theory of Talcott Parsons. Parsons's persistent attention to economic theory has been relatively neglected by critics of Parsons who, in attacking the alleged functionalism of Parsonian sociology, concentrated on the issues of value consensus and normative integration, believing that Parsons had relatively little interest in the economic base of society. This neglect of Parsons's economic sociology was probably intensified by the Marxist undercurrent of much so-called conflict theory. In recent years there has fortunately been considerable interest shown in Parsons's analysis of economic theory and more specifically in his economic sociology. At Amherst, Parsons came under the influence of the philosopher Alexander Meiklejohn, who prompted his students to consider broad questions relating to alternatives to industrial capitalist society and who created an educational environment within which students were involved in a general analysis of the social sciences. It was this engagement with institutional economics that marked Parsons's departure from biology into the social sciences as an academic career. Parsons was introduced to a broad spectrum of social theory relating to cultural and biological dimensions of human existence as explanations of social differentiation.