Social Theory and Concepts

Social Exchange Theory

Also Known As Exchange theory
Symbolic Interactionism and Microsociology

A sociological and psychological theory holding that people evaluate relationships and interactions through a cost-benefit analysis, weighing what each party gives and receives and deciding whether to continue an exchange based on how beneficial and fair it feels over time. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/

Facts
Core ClaimSourced to the subject's own account
Social relationships function like economic exchanges in which each party controls resources the other values; a norm of reciprocity, that a benefit received should be returned without harming the giver, stabilizes relationships and tempers pure self-interest. 1
Origin Year
1958 1
Sourced to the subject's own account1958 marks George Homans's foundational paper "Social Behavior as Exchange"; the fullest versions of the theory were developed across the following decade by Homans, Peter Blau, John Thibaut and Harold Kelley, and, from the kinship-exchange angle already on this atlas, Claude Levi-Strauss.
Level of AnalysisSourced to the subject's own account
Micro 1
Disciplinary HomeSourced to the subject's own account
Sociology 1
Social Exchange Theory
Filter Results2 entries
Connections

Associated With

Both are exchange-logic accounts of social relations; the exchange-theory literature itself names Claude Levi-Strauss, already Alliance Theory's developer on this atlas, among its contributors, applying the same reciprocity logic to kinship exchange rather than everyday relationships generally.

Source Wikipedia: Social Exchange Theory

Developed By

George C. Homans founded social exchange theory (Social Behavior as Exchange, 1958).

Source Wikipedia: Social Exchange Theory

Kinship Systems Shaped

Source George C. Homans (Wikipedia)
Source Wikipedia: Hypergamy
Source Wikipedia: Hypergamy
Source Peter Blau (Wikipedia)
Sources
1. Wikipedia: Social Exchange Theory
Wikipedia
  • Opening definition, description
    Social exchange theory is a sociological and psychological theory that explains how people behave in relationships by using cost-benefit analysis to determine risks and benefits.
  • Reciprocity norm section, core claim
    a benefit should be returned and the one who gives the benefit should not be harmed.
  • History section, origin
    the most comprehensive social exchange theories are those of the American social psychologists John W. Thibaut and Harold H. Kelley, the American sociologists George C. Homans, Peter M. Blau, Richard Marc Emerson, and Claude Levi-Strauss.
  • History section, Levi-Strauss link to Alliance Theory
    the American sociologists George C. Homans, Peter M. Blau, Richard Marc Emerson, and Claude Levi-Strauss.
  • Lead
    Social exchange theory is a sociological and psychological theory that explains how people behave in relationships by using cost-benefit analysis to determine risks and benefits, expecting that what they give will lead to a fair return, and treating social relationships like economic exchanges (for romantic relationships specifically, see sexual economics) in which each person controls things the
  • Lead, analysis-level micro
    Social exchange theory is a sociological and psychological theory that explains how people behave in relationships
View the Source
Wikipedia: Hypergamy
Wikipedia
  • Kinship Systems Shaped: Hypergamy, Lead and modern usage
    Modern social science (particularly evolutionary psychology, sexual economics and social exchange theory), and also modern informal discourse, broaden the concept of hypergamy beyond classical socioeconomic metrics to encompass multi-dimensional mate value trade-offs and compensatory exchange models.
  • Kinship Systems Shaped: Hypogamy, Article text
    Modern social science (particularly evolutionary psychology, sexual economics and social exchange theory), and also modern informal discourse, broaden the concept of hypergamy beyond classical socioeconomic metrics to encompass multi-dimensional mate value trade-offs and compensatory exchange models.
View the Source
George C. Homans (Wikipedia)
WikipediaKinship Systems Shaped: George C. Homans, Lead
Quote, Kinship Systems Shaped: George C. Homans, Lead
George Caspar Homans (August 11, 1910, May 29, 1989) was an American sociologist, founder of behavioral sociology, the 54th president of the American Sociological Association, and one of the architects of social exchange theory.
View the Source
Peter Blau (Wikipedia)
WikipediaKinship Systems Shaped: Peter Blau, Lead, Social Exchange Theory
Quote, Kinship Systems Shaped: Peter Blau, Lead, Social Exchange Theory
One of Blau's most important contributions to social theory is his work regarding exchange theory, which explains how small-scale social exchange directly relates to social structures at a societal level.
View the Source
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