Keywords
market
innovation
economy institutions
incertitude and classical Sociology.
How to Cite
Abstract
In this article we address two important dimensions of the sociological approach to markets by such classics as Max Weber, Emile Durkheim, Georg Simmel and Charles Horton Cooley. We observe the way in which they have all analysed two important dimensions: the role of innovation and the role played by institutions. In particular, we look at the role of innovation in the division of labor and the expansion of markets, and analyze the role of institutions in the social construction of markets, the reduction of uncertainty and its performance in the circulation of commodities. The paper shows how they have all adopted an evolutionary and historical perspective and, with the exception of Weber, chosen a dynamic perspective (that is, a critical perspective using the neo-classical approach in economics).
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