The American Journal of Economics and Sociology

The American Journal of Economics and Sociology publishes scholarly essays in the social sciences, with an emphasis on the intersection of sociology and economics. Also included are book reviews and profiles of historical figures.

Articles from Vol. 58, No. 4, October

A Household Production Analysis of Religious and Charitable Activity
CHARLES B. ZECH [*] ABSTRACT. Two conventional wisdoms are prevalent among churchgoers with regards to monetary contributions. One is that contributions of their time and money to their church are complementary. The other is that churches are in...
Allocation of Time and Hateful Behavior: A Theoretical and Positive Analysis of Hate and Hate Crimes
MARSHALL H. MEDOFF [*] ABSTRACT. This paper uses the rational-choice economic approach to analyze hateful behavior. The theoretical model predicts that hateful activity decreases with increases in (i) the market wage rate, (ii) the value of time,...
All's Fair: War and Other Causes of Divorce from a Beckerian Perspective
DEREK W. LITTLE [*] ABSTRACT. The authors examine divorce rates in the United States in the 20th century, looking especially at the effects that wars have had on those rates. Gary Becker's theories on the family are the basis for analysis. Of particular...
An Exploration of the Beckerian Theory of Time Costs: Symphony Concert Demand
ABSTRACT. The passage of time has long been known to have economic effects. The most important effect in the arts has heretofore been the so-called "cost disease" whereby productivity in manufacturing and even service activities outstrips those in...
Assessing the New Synthesis of Economics and Sociology: Promising Themes for Contemporary Analysts of Economic Life [*]
DAN KRIER [**] ABSTRACT. In this essay, the emergence of the "New Synthesis" of economics and sociology is explored and analyzed in the context of the classical writings in economic sociology ("Old Synthesis"). The aim is not to provide an exhaustive...
Beyond Twin Deficits: Emotions of the Future in the Organizations of Money
ABSTRACT. This paper outlines new developments in the sociology of money. It highlights certain aspects of Post Keynesian monetarism and explores Keynesian concepts of emotions relative to economics and economic sociology. Gunnar Myrdal's work on time...
Conceptualizing Professionalism: Why Economics Needs Sociology
MICHAEL DIETRICH [*} ABSTRACT. The main argument presented here is that economics provides a necessary but not sufficient analysis of professionalism. A sufficient analysis can only be generated by recognizing the sociological significance of professionals,...
Discursive Rationality and the Division of Labour: How Cooperation Emerges
JORG GUIDO HULSMANN [*] ABSTRACT. One of the great achievements of economic science is the explanation of the benefits of the division of labour in market economies. However, despite its merits this utilitarian, explanation is insufficient as an...
Economic Sociology in Retrospect and Prospect: In Search of Its Identity within Economics and Sociology
MILAN ZAFIROVSKI [*] ABSTRACT. Theory and research in the field of economic sociology have seen steady advancements in recent years. Economic sociology has become a legitimate branch of sociology as well as of economics. Nonetheless, the treatment...
Editor's Introduction
The AJES is proud to present a selection of papers centered on the theme "Economics and Sociology: The New Joint Venture." We have divided the papers into six sections starting with the historical foundations of the economic sociology research program....
Enriching Exchange: Cultural Dimensions of Markets
LYN SPILLMAN [*] ABSTRACT. As economic sociologists have been arguing for some time, markets are not to be abstractly opposed to other social relations but rather to be understood as embedded in them, and indeed subject to the same kinds of analysis...
Ethnic Solidarity and Black Business: The Case of Ethnic Beauty Aids Distributors in Chicago
ROBERT MARK SILVERMAN [*] ABSTRACT. This paper examines the development of a separate economic niche for black entrepreneurs in Chicago's ethnic beauty aids industry. It argues that this economic niche developed in response to advantages black entrepreneurs...
Katallactic Rationality: Exploring the Links between Co-Operation and Language
DAVID LEVY [*] ABSTRACT. Is the well-known finding of experimental economics that talk is correlated with co-operation in prisoner-dilemma contexts related to Adam Smith's claim that trade requires language? Using Smith's postulate of the existence...
Market Evolution and Economic Development: The Evolution of Impersonal Markets
RICHARD GRABOWSKI [*] ABSTRACT. This paper seeks to integrate the concepts of embedded exchange and impersonal exchange via the notion of integrated markets. The more integrated market exchange is, the more likely that each potential actor in the...
Max Weber as an Economist and as a Sociologist: Towards a Fuller Understanding of Weber's View of Economics
RICHARD SWEDBERG [*] ABSTRACT. In this article I first give a picture of Weber as an economist, mainly by focussing on a text which he distributed to his students when he taught economics in the 1890s. From this text it is, for example, clear that...
Money and Its Economic and Social Functions: Simmel and European Monetary Integration
JURGEN G. BACKHAUS [*] ABSTRACT. This essay tries to put Georg Simmel's The Philosophy of Money into the context of current monetary discussions in economics. Part I looks at the contribution of Georg Simmel in context and offers remarks about the...
Slapping the Grasping Hand: Correlates of Political Corruption in Emerging Markets
ARTHUR A. GOLDSMITH [*] ABSTRACT. The international community is redoubling efforts to curb political corruption in the developing and transitional economies. The consensus now is that the abuse of public office stunts economic growth, replacing...
Social Networks and Prestige Attainment: New Empirical Findings
MICHAEL DAVERN [*] ABSTRACT. Several hypotheses are derived that relate social networks to the occupational prestige attainment process. These hypotheses are evaluated using theoretically derived indicators and ordinary least squares regression....
The Changing Relationship between Economic Sociology and Institutional Economics: From Talcott Parsons to Mark Granovetter [1]
OLAV VELTHUIS [*] ABSTRACT. In his early work, Talcott Parsons severely criticized Old Institutional Economists like Thorstein Veblen and Clarence Ayres. Parsons' main objection was that institutional economics had a misconceived view on the scope...
The Consumption of Music and the Expression of VALUES: A Social Economic Explanation for the Advent of Pop Music
WILFRED DOLFSMA [*] ABSTRACT. By consuming pop music, people want to express who they are, to which group they belong, what their identity is. People's identity, however and contrary to what many believe, is not strictly individual. Instead, people's...
The Economic Sociology of Alfred Marshall: An Overview
PATRIK ASPERS [*] ABSTRACT. The aim of the paper is to present the economic sociology of Alfred Marshall (1842-1924), Three topics are discussed in the paper: Marshall's ideas of how preferences are generated, the theory of action, and finally the...
The Economics of the Criminal Behavior of Young Adults: Estimation of an Economic Model of Crime with a Correction for Aggregate Market and Public Policy Variables
MARK GIUS [*] ABSTRACT. This study uses a combination of individual-level and county-level data to estimate an economic model of crime for young adults similar to that used by Becker (1968) and Trumbull (1989). In order to estimate a model of crime...
The Social Norms of Discrete Consumer Exchange: Classification and Quantification [*]
SARAH MAXWELL [**] ABSTRACT. Social norms have been recognized as an important influence in long-term relational exchange between firms. It is here argued that social norms are equally important in short-term discrete exchange that takes place between...
Towards A Synthesis of Transaction Cost Economics and a Feminist Oriented Network Analysis: An Application to Women's Street Commerce
ANN DUPUIS [*] ABSTRACT. This paper suggests the possibility of an interdisciplinary, tripartite merger of transaction cost economics and the concept of embeddedness, with feminist insights. It demonstrates that in isolation, a simple application...
Transaction Costs and the Structure of the Market: A Case Study
NING WANG [*] ABSTRACT. Drawing upon the development of fish markets in a Chinese fishery community, this paper investigates the impact of transaction costs on the institutional structure of exchange. Fish markets in this region are connected and...
Two Views on Social Stability: An Unsettled Question
ABSTEACT. Emil Durkheim published The Division of Labour in Society as part of his strategy to create a place for sociology as a science independent from economics. The book describes how social cohesion and cooperation evolve spontaneously in the...