ABSTRACT

At the outset it is necessary to say something about the scope of economic and sociological analysis and the extent to which they overlap. Economics consists of the intensive study of one type of function in, or sub-system of, society: that of producing, distributing and exchanging goods and services. This is also the subjectmatter of one branch of sociology, namely economic sociology, but in a way less specific to economics and more general to social institutions. The behaviour of individuals and groups and the nature of societal processes are the concern of sociology, whether these are features of the economic or of some other sub-system.