write a note on contemporary economic sociology
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Economic sociology is the study of the social cause and effect of various economic phenomena. ... Contemporary economic sociology may include studies of all modern social aspects of economic phenomena; economic sociology may thus be considered a field in the intersection of economics and sociology.
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Contemporary economic sociology:
- Contemporary economic sociology is the thought of the social movement and the effect of different economic phenomena.
- Economic sociology witnessed an extraordinary resurgence in the 1980s. It was now considered the Contemporary Economic Sociology.
- New economic theory has influenced the explosion of publications in the subfield.
- The economic sociologist Mark Granovetter coined this phrase, stressing the convergence of economic activity into substantive social ties.
- Granovetter concluded that organizations are often congealed social networks and, as economic activity is carried out within the networks, social sciences must consider interpersonal relationships during economics studies.
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