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- DescriptionMuch orthodox ecomic 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 kws his interests and how to make decisions corresponding to them, and so on. But one has only to examine an ecomic transaction closely, as Pierre Bourdieu does here for the buying and selling of houses, to see that these abstract assumptions cant 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 ecomic theory has been criticised by some ecomists, 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 a ecomica 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 ecomics are in fact part of a single discipline, the object of which is the analysis of social facts, of which ecomic 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, ecomics, anthropology and related disciplines.
- Author BiographyPierre Bourdieu was the Professor of Sociology at the College de France.
- Author(s)Pierre Bourdieu
- PublisherPolity Press
- Date of Publication02/03/2005
- SubjectEconomics: Professional & General
- Place of PublicationOxford
- Country of PublicationUnited Kingdom
- ImprintPolity Press
- Content Note0
- Weight385 g
- Width154 mm
- Height229 mm
- Spine20 mm
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