| Abstract: | The debate with the economy and with economics is an important focus of the works of Talcott Parsons. Parsons’s economic sociology has been, however, perceived rather critically by the new economic sociology. This article discusses these critiques and asks whether they did justice to Parsons’s economic sociology. I show that the critiques concentrate mostly on structural functionalism. Hardly any attention is given to the theory of expressive-symbolic communication of affect that Parsons developed later as part of systems-functionalism. This theoretical development, however, connects directly to the concept of social embeddedness as the core term of the new economic sociology. A connection to this part of Parsons’s theory could help to develop a basis in action theory that is still wanting in the new economic sociology. |
