Question
Meaning of New Economic Sociology
Answer :
Word Count : 227
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New Economic Sociology refers to a contemporary approach within economic sociology that emerged in the late twentieth century as a response to the dominance of neoclassical economics. It emphasizes that economic actions are not isolated, purely rational decisions made by individuals, but are deeply embedded in social relations, cultural norms, institutions, and networks. This perspective challenges the assumption of the self-interested “economic man” and instead views economic behavior as socially constructed and context-dependent. A central
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