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date: 12 December 2019

Abstract and Keywords

This chapter reviews the literature on cognition and social meaning in economic sociology, with special attention to the case of money. The first part discusses subfields related to economic sociology that have carved space for attention to the role of cognitive processes, or cognitive embeddedness, including the institutional logics, conceptions of control, and classification/categorization perspectives. The second part takes up one central economic object, money, to compare and contrast the behavioral economics perspective on mental accounting with the research on the social meaning of money and relational work, which emphasizes how money’s multiple meanings and forms influence the negotiation of social-economic relations.

Keywords: cognitive embeddedness, institutional logics, conceptions of control, mental accounting, relational work

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