Study-Unit Description

Study-Unit Description


CODE SOC2034

 
TITLE Economic Sociology 1

 
UM LEVEL 02 - Years 2, 3 in Modular Undergraduate Course

 
MQF LEVEL 5

 
ECTS CREDITS 4

 
DEPARTMENT Sociology

 
DESCRIPTION Learning outcomes:

This introduction to the theoretical developments, from classical political economy at the end of the 18th century (beginning with Adam Smith 1723-1790) to Talcott Parsons (1902-1979), leading to the mainstream institutional divide between economic and sociological discourse, will enable students to appreciate the limitations that this separation places on a concrete analysis of the contemporary world. It will also deepen students' understanding of fundamental theoretical sociology and prepare them for the study of the contemporary revival of economic sociology (see Economic Sociology II).

Content:

An introduction to relationship between economy and society in the work of * Adam Smith, Adam Ferguson, * Thomas Malthus, David Ricardo, J.B. Say, * Karl Marx, the German Historical School (Friedrich List , Wilhelm G. F. Roscher, Karl G.A. Knies, B.Hildebrand, Gustav F. Schmoller, Karl Bücher), * Max Weber (critique of the historical school, early research in economic history, on the development of entrepreneurship, characteristics and origins of modern capitalism), * Marginalism (Stanley Jevons, Carl Menger, Leon Walras, Vilfredo Pareto, Alfred Marshall), * the economic sociologies of Georg Simmel, Werner Sombart, Emile Durkheim, Thorstein Veblen, Karl Polanyi, Joseph Schumpeter, * J. M. Keynes, a sociological appreciation, * Talcott Parsons (Phase One: Capitalism as a Society and an Economy 1927-1930, Phase Two: The "Analytical factor" 1931-1937, Phase Three: The Economy as a Sub-System of the Social System 1953-onwards).

Suggested Readings:

- Parsons, T. and Smelser, N.J. 1956 Economy and Society: A Study in the Integration of Economic and Social Theory. Glencoe
- Swedberg, R. 1999. Max Weber and the Idea of Economic Sociology. Princeton University Press
- Swedberg, R. 1991. Joseph A. Schumpeter: The Economics and Sociology of Capitalism. Princeton University Press
- Sociology: State, Market, and Society in Modern Capitalism. Blackwell pp. pp.15-116
- Trigilia, C. 2002. "Part I: The Classics and the Sociology of Capitalism", Economic

 
STUDY-UNIT TYPE Lecture

 
METHOD OF ASSESSMENT
Assessment Component/s Sept. Asst Session Weighting
Assignment Yes 40%
Examination (1 Hour) Yes 60%

 
LECTURER/S Mario Vella

 

 
The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints.
Units not attracting a sufficient number of registrations may be withdrawn without notice.
It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years.

https://www.um.edu.mt/course/studyunit