The United States is characterized by what may be best described as a “permanently new economy” because radical changes can be expected to continue to occur. Four broad types of change are discussed-those external to the United States, internal changes, changes in technology and knowledge, and demographic shifts. While various subareas within sociology have made important contributions to our understanding of these changes, there is a strong need for the revival of economic sociology to deal in a more general manner with economic changes. A resuscitated economic sociology could help us focus on the relationship between the economy and other social institutions. Also of great utility would be increased cross-fertilization between economics and economic sociology.
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