Chapter 9: Moral economy: moral forces in economic activity
Restricted access

This chapter argues that the ‘moral economy’ concept can contribute to our understanding of the relation between morality and economy in economic sociology. The benefits of the concept are twofold: First, it allows scholars to conceptualize the relationship between morality and economic action not only on the level of single markets, as is common in economic sociology, but also with regard to the larger institutional architecture of capitalist societies. Second, while many economic sociology studies tend to focus on the role of morality for the functioning of markets, the moral economy perspective allows for the consideration of the potentially conflictual relationship between morality and economy. We discuss exemplary studies from the moral economy perspective in four substantive areas - transitions to capitalism, welfare regimes and the moral economy of (re)distribution, commodification and taboo markets, and collective agency - in order to flesh out these ideas.

You are not authenticated to view the full text of this chapter or article.

Access options

Get access to the full article by using one of the access options below.

Other access options

Redeem Token

Institutional Login

Log in with Open Athens, Shibboleth, or your institutional credentials

Login via Institutional Access

Personal login

Log in with your Elgar Online account

Login with you Elgar account
Edited by Milan Zafirovski
Monograph Book