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Economic sociology is the study of the social cause and effect of various economic phenomena. The field can be broadly divided into a classical period and a contemporary one, known as "new economic sociology".
[36] to mean a society ruled by a scientific government, i.e., one whose sovereignty rests upon reason, rather than sheer will. [37] Although the term socialism has come to mean specifically a combination of political and economic science, it is also applicable to a broader area of science encompassing what is now considered sociology and the ...
Sociology is the scientific study of human society that focuses on society, human social behavior, patterns of social relationships, social interaction, ...
In Marxist philosophy, reification (Verdinglichung, "making into a thing") is the process by which human social relations are perceived as inherent attributes of the people involved in them, or attributes of some product of the relation, such as a traded commodity.
In classical political economy and especially Karl Marx's critique of political economy, a commodity is any good or service ("products" or "activities") [1] produced by human labour [2] and offered as a product for general sale on the market. [3]
The socialist mode of production, also known as socialism or communism, [a] is a specific historical phase of economic development and its corresponding set of social relations that emerge from capitalism in the schema of historical materialism within Marxist theory.
Social capital is a concept used in sociology and economics to define networks of relationships which are productive towards advancing the goals of individuals and groups. [1] [2] It involves the effective functioning of social groups through interpersonal relationships, a shared sense of identity, a shared understanding, shared norms, shared values, trust, cooperation, and reciprocity.
In sociology, a social system is the patterned network of relationships constituting a coherent whole that exist between individuals, groups, and institutions. [1] It is the formal structure of role and status that can form in a small, stable group. [1]