New Economic Sociology | BSOC 108 Unit 3 | IGNOU BA Sociology | Polanyi, Granovetter & Bourdieu

BSOC-108 Unit 3: New Economic Sociology | IGNOU BA Sociology In this lecture, we discuss New Economic Sociology – Unit 3 of BSOC-108 (Economic Sociology) for IGNOU BA Sociology. The complete unit is explained in simple language with important thinkers, concepts, theories and examples that are useful for IGNOU exams and term-end examinations (TEE). 📖 Topics Covered in This Lecture: • Meaning of New Economic Sociology • Emergence of New Economic Sociology • Two approaches in the emergence of New Economic Sociology • New Institutional Economics • Agency Theory • Transaction Cost Economics • Asymmetric Information • Criticism of New Institutional Economics • Background to New Economic Sociology • Three Major Theoretical Foundations • Karl Polanyi's Contribution • Double Movement • Polanyi's Forms of Integration • Mark Granovetter • Granovetter's Getting a Job • Networks and Trust • DiMaggio and Powell – Institutional Similarity • DiMaggio and Louch – Exchange Networks • Conception of Control • Stability of Markets • Swedberg's View of Markets • Swedberg and Interest • Entrepreneurship and New Economic Sociology • Property and Economic Sociology • Economic Power and Political Power • Economic Sociology – Efficiency vs Fairness • Bourdieu's Concept of Field • Bourdieu's Concept of Habitus • Bourdieu and Different Forms of Capital • Bourdieu and Housing • Flexible Labour • The Third Spirit of Capitalism • New Areas of Research • Reflexivity 🎓 Course: BSOC-108 – Economic Sociology 📌 Unit: Unit 3 – New Economic Sociology 🏫 University: IGNOU 📚 Programme: BA Sociology This video is especially useful for students searching for BSOC-108 Unit 3 notes, New Economic Sociology IGNOU, Economic Sociology lectures, IGNOU BA Sociology lectures and exam preparation material. If you are preparing for the IGNOU Term-End Examination, this lecture can help you understand the major concepts and thinkers covered in Unit 3. 👍 Like the video if it helps you 📤 Share it with other IGNOU students 🔔 Subscribe for more IGNOU BA Sociology lectures and complete unit-wise explanations. #BSOC108 #NewEconomicSociology #ignou Hashtags #BSOC108 #NewEconomicSociology #EconomicSociology #ignou #IGNOUBASociology #basociology #ignouexam2026 #ignoustudy #IGNOULecture #sociology #KarlPolanyi #MarkGranovetter #bourdieu #NewInstitutionalEconomics #TransactionCostEconomics #EconomicSociologyIGNOU #BSOC108Unit3 #Reflexivity