Defines relationship between economy and society; sociological approach to study of economic activity and organization; difference from the theoretical and methodological assumptions orienting the discipline of economics; tackles these questions in two ways: studies foundations as established in works of Smith, Marx, Weber, Polanyi, and Schumpeter, and considers current research in economic sociology, focusing on concepts of markets, networks, and embeddedness. Prereq., SOCY 1001. Restricted to sophomore, junior, senior SOCY majors.