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Social exchange theory views exchange as a social behavior that may result both in economic and social outcomes. [17] Social exchange theory has been generally analyzed by comparing human interactions with the marketplace. The study of the theory from the microeconomics perspective is attributed to Blau. [6]
Equity theory stems from Social Exchange Theory. [4] It proposes that individuals who perceive themselves as either under-rewarded or over-rewarded will experience distress, and that this distress leads to efforts to restore equity within the relationship. [5]
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. He also was the first to map out the wide variety of social forces, dubbed "Blau space" by Miller McPherson. This idea was one of the first ...
The idea of organizational justice stems from equity theory, [10] [11] which posits that judgments of equity and inequity are derived from comparisons between one's self and others based on inputs and outcomes. Inputs refer to what a person perceives to contribute (e.g., knowledge and effort) while outcomes are what an individual perceives to ...
Interdependence theory is a social exchange theory that states that interpersonal relationships are defined through interpersonal interdependence, which is "the process by which interacting people influence one another's experiences" [1] (Van Lange & Balliet, 2014, p. 65). The most basic principle of the theory is encapsulated in the equation I ...
OpEd: DEI is intrinsically intertwined with Critical Race Theory (CRT) and “woke” cancel culture.
Exchange Theory is the "perspective that individuals seek to maximize their own private gratifications. It assumes that these rewards can only be found in social interactions and thus people seek rewards in their interactions with each other". [21] Homans' Exchange Theory propositions are partially based on B.F. Skinner's behaviorism.
Generalized exchange theory believes that there is a social consensus out of commonly shared value or lifestyle that exchange does not require an immediate reciprocity but promise another activity, which, after several iterations, closes the cycle.