Abstract
In fact, [new] economic sociology is a meeting place for economists and sociologists. It is a rejection of the maximization hypothesis of orthodox economic theory. Thus its approach regarding new venture creation might be controversial. This paper attempts to connect these two areas, following a qualitative approach. Findings show that three main elements, i.e. (i) social action, (ii) embeddedness, and (iii) social relations, affect new venture creation. These elements are elaborated in this research and three main propositions are proposed.
Highlights
Economic sociology, per se, is no longer a novel idea; its importance and new domains in which this concept is developed are to be taken into account
It was timely to look beyond our accumulation of important empirical studies and reassess what theoretical agenda a structural economic sociology might pursue, and where this agenda fits with the main concerns of sociology and economics (GRANOVETTER, 2000)
Economic sociology is a way to explain the economy with a sociological lens
Summary
Per se, is no longer a novel idea; its importance and new domains in which this concept is developed are to be taken into account. It was timely to look beyond our accumulation of important empirical studies and reassess what theoretical agenda a structural economic sociology might pursue, and where this agenda fits with the main concerns of sociology and economics (GRANOVETTER, 2000). Economic sociology is a way to explain the economy with a sociological lens. It deals with the multiple and complex relations between economy and society. It focuses on the impact of social, political and cultural factors on economic behavior (BECKERT; ZAFIROVSKI, 2013). The main point is that, while economic sociology deals with economically oriented action as well as with economic action, economic theory only deals with the latter (SWEDBERG, 1998)
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