Economic action and social structure¶
Granovetter, M. (1985). Economic action and social structure: The problem of embeddedness. American Journal of Sociology, 91(3), 481-510.
Cited by¶
3 citations across 3 artifacts.
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Primes¶
- Exchange
- Granovetter's (1985) embeddedness analysis sharpens this: real-world exchange relations are sustained by social ties as well as by formal market institutions, with the enforcement-context role filled jointly by trust, reputation, and price signals rather than by any single institutional form.
This sourceReal-world exchange relations are embedded in ongoing social networks rather than carried out by atomized actors
- Granovetter's (1985) embeddedness analysis sharpens this: real-world exchange relations are sustained by social ties as well as by formal market institutions, with the enforcement-context role filled jointly by trust, reputation, and price signals rather than by any single institutional form.
- Trust
- The distinction between trust and trustworthiness is critical: trustworthiness is a property of the trustee (competence + benevolence + integrity); trust is the trustor's reliance decision—a distinction Granovetter (1985) anchors in his account of how trust and malfeasance both emerge from the embeddedness of economic action in concrete networks of social relations.
This sourceArgues that real-world exchange relations are embedded in ongoing networks of social relations rather than carried out by atomized actors; the enforcement-context role is filled jointly by trust, reputation, repeated interaction, and formal institutions, with social ties often substituting for or augmenting market-based enforcement.
- The distinction between trust and trustworthiness is critical: trustworthiness is a property of the trustee (competence + benevolence + integrity); trust is the trustor's reliance decision—a distinction Granovetter (1985) anchors in his account of how trust and malfeasance both emerge from the embeddedness of economic action in concrete networks of social relations.
Domain-specific¶
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