Pierre Bourdieu

(Author)

The Social Structures of the EconomyPaperback, 22 April 2005

The Social Structures of the Economy
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Print Length
180 pages
Language
English
Publisher
Polity Press
Date Published
22 Apr 2005
ISBN-10
0745625401
ISBN-13
9780745625409

Description

Much orthodox economic theory is based on assumptions which are treated as self-evident: supply and demand are regarded as independent entities, the individual is assumed to be a rational agent who knows his interests and how to make decisions corresponding to them, and so on. But one has only to examine an economic transaction closely, as Pierre Bourdieu does here for the buying and selling of houses, to see that these abstract assumptions cannot explain what happens in reality.

As Bourdieu shows, the market is constructed by the state, which can decide, for example, whether to promote private housing or collective provision. And the individuals involved in the transaction are immersed in symbolic constructions which constitute, in a strong sense, the value of houses, neighbourhoods and towns.

The abstract and illusory nature of the assumptions of orthodox economic theory has been criticised by some economists, but Bourdieu argues that we must go further. Supply, demand, the market and even the buyer and seller are products of a process of social construction, and so-called 'economic' processes can be adequately described only by calling on sociological methods. Instead of seeing the two disciplines in antagonistic terms, it is time to recognize that sociology and economics are in fact part of a single discipline, the object of which is the analysis of social facts, of which economic transactions are in the end merely one aspect.

This brilliant study by the most original sociologist of post-war France will be essential reading for students and scholars of sociology, economics, anthropology and related disciplines.

Product Details

Author:
Pierre Bourdieu
Book Format:
Paperback
Country of Origin:
GB
Date Published:
22 April 2005
Dimensions:
22.99 x 15.49 x 2.01 cm
ISBN-10:
0745625401
ISBN-13:
9780745625409
Language:
English
Location:
Cambridge, England
Pages:
180
Publisher:
Weight:
403.7 gm

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