This review essay addresses Richard Swedberg's recent attempt to redefine the field of economic sociology. Grounding his position in Max Weber's work, Swedberg advocates a type of economic sociology that not only focuses on social relations but also considers culture and interests, arguing that it is interests that drive action but that they are shaped by culture and enacted through social relations. We conclude our analysis with a consideration of the practical and empirical implications of this new approach for the study of economic life.