Social relations are crucial for understanding diverse economic actions and a network perspective is central to that explanation. Simple exchanges involving money, labor, and commodities combine into complexly connected systems. Economic networks span many levels of analysis, from persons (consumers, employees), to groups (households, workteams), organizations (corporations, interest groups), populations (industries, markets) and the rapidly expanding global economic system.
David Knoke blends network theories from a range of disciplines and empirical studies of domestic and international economies to illuminate how economic activity is embedded in and constrained by social ties among economic actors. Social capital, in the form of connections to others holding valuable resources, is vital for finding a job, buying a car, creating a new industry, or triggering a global financial crisis. In nontechnical terms the author explicates the core network concepts, measures, and analysis methods behind these phenomena. The book also includes many striking network diagrams to provide visual insights into complex structural patterns.
This accessible book offers an invaluable critique for both undergraduate and graduate students in economic sociology and social network analysis courses who seek a better understanding of the multifaceted economic webs in which we are all entangled.
David Knoke
Development Studies Economics Entwicklung u. Globalisierung Entwicklungsforschung Globalization & Development Ökonomische Soziologie Political Economics Politische Ökonomie Sociology Sociology of Economics Soziologie Volkswirtschaftslehre
Winner of the Choice award for Outstanding AcademicTitle
"Knoke very aptly illustrates the importance of networks in theeconomy and thus helps to make concrete contributions to economicsociology... The book is an excellent introduction ... andwould work well as a supplement for an introductory course ineconomic sociology and sociology of networks."
Lectures
"A masterful integration of numerous and diverseprojects pertainingto economic networks."
Sociologica
"Scholarship on the role of social networks in economic exchangehas been growing at a fast clip, suffusing through several regionsof sociology and even into economics itself. David Knoke performs asignal service in ordering and integrating diverse streams ofresearch - at every level from individual economic choices tothe structure of the global economy - in this comprehensive,sagacious, and highly readable volume."
Paul DiMaggio, Princeton University
"David Knoke brings his years of experience analyzing politicalnetworks to a broad review of network mechanisms in economicsociology. This is a useful text for anyone interested in a quick,literate, and insightful overview of the burgeoning research on theways social networks shape economic phenomena."
Ronald Burt, University of Chicago Booth School ofBusiness
"Having shown the power of the structural approach in bothpolitical (1990) and organizational (2001) settings, Dr. Knoke nowturns his clear eye to the structural foundations of our economicsystem. Skillfully bridging levels of analysis from theembeddedness of employees to connectivity in the global system,this book provides a wonderful overview of how economicunderstanding requires networks. This clear and careful book willbe an asset to scholars across the social sciences."
James Moody, Duke University
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