Social Exchange Theory is a social psychological and sociological perspective that explains social change and stability as a process of negotiated exchanges between parties. Social Exchange Theory posits that all human relationships are formed by the use of a subjective cost-benefit analysis and the comparison of alternatives. The theory has roots in economics, psychology and sociology. Social Exchange Theory features many of the main assumptions found in rational choice theory and structuralism.
Read more about Social Exchange Theory: History, Basic Concepts, 12 Theoretical Propositions, Assumptions, Comparison Levels and Modes of Exchange, Critiques, Applications
Famous quotes containing the words social, exchange and/or theory:
“Smitten as we are with the vision of social righteousness, a God indifferent to everything but adulation, and full of partiality for his individual favorites, lacks an essential element of largeness.”
—William James (1842–1910)
“... the subjective viewpoint is the only one to use regarding a library. Your true library is a collection of the books you want. You may have deplorably poor taste or bad judgment. Never mind. Correct those traits before you exchange your books.”
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“Don’t confuse hypothesis and theory. The former is a possible explanation; the latter, the correct one. The establishment of theory is the very purpose of science.”
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