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(Blau, 1964). Economic exchanges tend to be quid pro quo and involve less trust and more active monitoring, whereas social exchange tend to be open-ended and involve greater trust and flexibility (Organ, 1988; 1990). Building on these straightforward ideas, social exchange theory is one of the most enduring and widely
Blau (1964) also outlined exchange relations as causally related, although the direction of the causal arrow is somewhat ambiguous. For example, at one point, he argues that social exchange involves “trusting others" and “personal obligations" (Blau, 1964: 94).
Starting with the early theoretical work of both Blau (1964, 1986) and Emerson (1962,1972a,b) exchange research has focused on the connection between social structure and the use of power. For Emerson, the relationship between power and social structure was the central theo- retical problem in social exchange theory.
22 Dec 2017 Toward A Theory of Value - Richard M Emerson Notes on a Theory of Value - Debra Friedman Free Riders and Zealots - James S Coleman Microprocess and Macrostructure - Peter M Blau Linking Power Structure and Power Use - Linda D Molm Reinforcement Processes in Power-Dependence Relations
BInu P M. Exchange and power in sociai life. New York: Wiley, 1964. 352 p. [Department of Sociology, Universtly of Chicago. IL). The theory conceptualizes social relations in terms of exchange processes. Mutual bonds emerge in social interaction as persons who incur obligations redprocate, but the imbalance resulting
Peter Blau is one of the most influential figures in post-war American the range from small-groups and social ex- change theory to organizational theory, the ana- lysis of status attainment, and finally general sociological theory. One significant legacy is . of modern exchange theory in structural social psychology.
Peter Blau focused his early writings on social exchange theory more towards the economic and utilitarian perspective, whereas Homans focused on reinforcement principles which presuppose individuals base their next social move on past experiences. Blau's utilitarian focus encouraged the theorist to look forward, as in

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March 2018