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Social exchange theory



 
 
Social exchange theory is a social psychological
Social psychology (psychology)

Social psychology is the science of how people's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others....
 and sociological perspective
Sociological perspective

The sociological approach is a particular way of approaching a phenomenon common in sociology. It involves drazen Objectivity , not by divesting oneself of values, but by critically evaluating and testing ideas, and accepting what may be surprising or even displeasing based on the evidence....
 that explains social change and stability as a process of negotiated exchanges between parties. Social exchange theory posits that all human relationship
Relationship

Relationship may refer to:* Interpersonal relationship* Intimate relationship* Relation * Casual relationship, a.k.a. causality...
s are formed by the use of a subjective cost-benefit analysis and the comparison of alternatives. For example, when a person perceives the costs of a relationship as outweighing the perceived benefits, then the theory predicts that the person will choose to leave the relationship.






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Social exchange theory is a social psychological
Social psychology (psychology)

Social psychology is the science of how people's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others....
 and sociological perspective
Sociological perspective

The sociological approach is a particular way of approaching a phenomenon common in sociology. It involves drazen Objectivity , not by divesting oneself of values, but by critically evaluating and testing ideas, and accepting what may be surprising or even displeasing based on the evidence....
 that explains social change and stability as a process of negotiated exchanges between parties. Social exchange theory posits that all human relationship
Relationship

Relationship may refer to:* Interpersonal relationship* Intimate relationship* Relation * Casual relationship, a.k.a. causality...
s are formed by the use of a subjective cost-benefit analysis and the comparison of alternatives. For example, when a person perceives the costs of a relationship as outweighing the perceived benefits, then the theory predicts that the person will choose to leave the relationship. The theory has roots in economics
Economics

File:Ballard Farmers' Market - vegetables.jpgEconomics is the Social sciences that studies the Production theory basics, Distribution , and Consumption of Good and Service ....
, psychology and sociology.

Social exchange theory is tied to rational choice theory
Rational choice theory

Rational choice theory, also known as rational action theory, is a framework for understanding and often Model social and economic behavior....
 and on the other hand to structuralism
Structuralism

Structuralism is an approach to the human sciences that attempts to analyze a specific field as a complex system of interrelated parts. It began in linguistics with the work of Ferdinand de Saussure....
, and features many of their main assumptions.

Important works


American sociologist George Caspar Homans is usually credited with the consolidation of the foundations of Social Exchange Theory. Homans’s article entitled “Social Behavior as Exchange” is viewed as the seminal work on this theory. Works by Richard Emerson, Peter M. Blau, Peter Ekeh, and Karen Cook are also important and often reference Homans, as do many other articles and books on the subject.

Another important work is Mark Knapp’s Social Intercourse: From Greeting to Goodbye. In this work, Knapp specifically defines stages of relationship development, including initiation, experimentation and bonding. In addition, Gerald Miller and Mark Steinburg’s book, Between People, added to the theory by noting the differences in the types of information we have about one another: cultural, sociological and psychological (Miller, 2005).

Critiques


Katherine Miller outlines several major objections to or problems with the social exchange theory as developed from early seminal works:
  • The theory reduces human interaction to a purely rational process that arise from economic theory.
  • The theory favors openness as it was developed in the 1970s when ideas of freedom and openness were preferred, but there may be times when openness isn’t the best option in a relationship.
  • The theory assumes that the ultimate goal of a relationship is intimacy when this might not always be the case.
  • The theory places relationships in a linear structure, when some relationships might skip steps or go backwards in terms of intimacy.


It also is strongly seated in an individualist mindset, which may limit its application in and description of collectivist cultures.

Applications


Currently, Social Exchange Theory materializes in many different situations with the same idea of the exchange of resources. Homans once summarized the theory by stating:

Social behavior is an exchange of goods, material goods but also non-material ones, such as the symbols of approval or prestige. Persons that give much to others try to get much from them, and persons that get much from others are under pressure to give much to them. This process of influence tends to work out at equilibrium to a balance in the exchanges. For a person in an exchange, what he gives may be a cost to him, just as what he gets may be a reward, and his behavior changes less as the difference of the two, profit, tends to a maximum ("Theories Used in Research").


Other applications that developed include fields such as anthropology, as evidenced in an article by Harumi Befu, which discusses cultural and social ideas and norms such as gift-giving and marriage.

See also

  • Complexity science
  • Economic network
    Economic network

    Economic network or refereed network of independent individuals has the primary purpose of making a strong community in order to gain strength and perform as a significant player in relation to current market situation....
  • Equity theory
    Equity theory

    Equity Theory attempts to explain relational satisfaction in terms of perceptions of fair/unfair distributions of resources within interpersonal relationships....
  • Exchange
    Exchange

    Exchange may mean:* Trade or barter , the voluntary exchange of goods and/or services* Social exchange theory* Student exchange program or high school exchange...
  • Institutional
  • Interdependence
    Interdependence

    Interdependence is a dynamic of being mutually responsible to and sharing a common set of principles with others. This concept differs distinctly from "dependence" in that an interdependent relationship implies that all participants are emotionally, economically, ecologically and or morally "interdependent." Some people advocate Freedom or i...
  • Open innovation
    Open Innovation

    Open Innovation is a term promoted by Henry Chesbrough, a professor and executive director at the Center for Open Innovation at University of California, Berkeley....
  • Social good
  • Social networks
  • Value (economics)
    Value (economics)

    The economic value of a good or service has puzzled economists since the beginning of the discipline. First, economists tried to estimate the value of a good to an individual alone, and extend that definition to goods which can be exchanged....
  • Value conversion
    Value conversion

    Value conversion is the act of converting one type of value or financial instrument into another type of negotiable value. In the securities profession the definition of conversion value is very narrowly defined as the positive difference between the market price of a convertible security and the price at which it is convertible....
  • Value network
    Value network

    A value network is a complex set of social and technical resources. Value networks work together via relationships to create social goods or value ....
  • Value network analysis
    Value network analysis

    Value network analysis is a methodology for understanding, using, visualizing, optimizing internal and external value networks and complex economic ecosystems....


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