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A Companion to the History of Economic Thought - Chapter 30

C H A P T E R T H I R T Y The Sociology of Economics and Scientific The title of this essay conveys only a hint of the terminological and substantive confusion, yet also the promise, suggested by the loosely interlinked network of subjects (disciplines, sub-disciplines, and fields) to which it refers. | CHAPTER THIRTY The Sociology of Economics and Scientific Knowledge and the History of Economic Thought A. W. Bob Coats 30.1 Introduction The title of this essay conveys only a hint of the terminological and substantive confusion yet also the promise suggested by the loosely interlinked network of subjects disciplines sub-disciplines and fields to which it refers. Some of these subjects are venerable and comparatively static whereas others of more recent origin are not merely rapidly expanding and overlapping but also changing their shape and content. Current general terminology includes the sociology of knowledge the sociology of science the sociology of scientific knowledge social studies or theories of science science as social knowledge science studies or theory the science of science and social economics. More specific terms such as the economics of science and the economics of scientific knowledge suggest possibilities for further perhaps even endless terminological proliferation. However in recent years there seems to have been an increasing tendency to use the portmanteau term science studies. This state of affairs may be stimulating to scholars working or specializing in these branches of knowledge but it is somewhat bewildering to newcomers and students who are trying 508 A. W. Bob Coats to take their bearings and find their way through the substantial volume of relevant literature. The following account is subdivided into five sections Section 30.2 is a brief introduction to Schumpeter s conception of economic sociology which originated in 1912 and its relationship to sociology economic history and the history of economic thought. His unfinished posthumous History of Economic Analysis 1994 1954 covers a much broader territory than the title suggests. Between Schumpeter s death in 1950 and the extraordinary impact of Thomas Kuhn s The Structure of Scientific Revolutions 1970 1962 the most influential American version of the sociology of science was Robert