This is true for most intimate as well as more distant relations, i. At this point, however, the junior may still profit from further association with the senior. Homans, Social Behavior, p.
Atone extreme are economic commodities, the significance of which isquite independent of the firm that supplies them. The neighbor is also likely to become less friendly toward anindividual who refuses to do favors after he accepts some.
The assumption is not that individuals makethese calculations explicitly but that such implicit calculationsunderlie the feelings of boredom or pressure from other work thatprompt their decisions to spend only a certain amount of timetogether.
The members recruited to the organization receive benefits, such as financial remuneration, in exchange for complying with the directives of superiors and making various contributions to the organization. Hence, he will beinclined to limit the time he spends in discussions with the juniorto the level at which the support he receives from his admirationstill outweighs in significance the advantages foregone by takingtime from other pursuits.
Action compelled Exchange in social life physical coercion is not voluntary, although compliance with other forms of power can be considered a voluntary service rendered in exchange for the benefits such compliance produces, as already indicated.
Suppose an individual to whom a neighbor has repeatedly lent some tools fails to reciprocate by doing his neighbor a favor when an opportunity arises.
Since taking risks earns an individual social approval and respect, these secondary reinforcers stimulate him to look for challenges he can meet. Ultimately, the declining marginal utility of additional benefits is no longer worth the cost of obtaining them, and the point at which this happens for both partners, often after some adjustment in the ratio at which they exchange services, governs the level of transactions most advantageous for both at which the volume of exchange between them presumably becomes stabilized.
In production and in marketing, profit is at a maximum "when themarginal cost and the marginal revenue are equal,"  and sinceboth these quantities are defined in dollars, an unequivocalcriterion for maximizing exists.
For it is the stamp of approval social agreement bestows on our values that validates them. The social approval of those whose opinions we value is of great significance to us, but its significance depends on its being genuine.
First, following Parsons, the concept of power is used to refer to an individual's or group's ability recurrently to impose his or its will on others, not to a single instance of influencing a decision of theirs, however important. Concern here is with extrinsic benefits, not primarily with the rewards intrinsic to the association itself, although the significance of the social "commodities" exchanged is never perfectly independent of the interpersonal relation between the exchange partners.
An individual who supplies rewarding services to another obligates him. Neighborsexchange favors; children, toys; colleagues, assistance;acquaintances, courtesies; politicians, concessions; discussants,ideas; housewives, recipes.
Although the systematic study of social exchange poses distinctive problems, the assumptions it makes about the maximization of utilities implicit in choice behavior are little different from those made by the economist in the study of consumption. This difference creates an interesting dynamic in interpersonal relations.
On this version of balance theory, we have three people and relations among those people. The basic principles underlying the conception of exchange may bebriefly summarized. While this could be conceptualized as an exchange of his money for his life, it seems preferable to exclude the result of physical coercion from the range of social conduct encompassed by the term "exchange.
Only social exchange tends to engender feelings of personal obligation, gratitude, and trust; purely economic exchange as such does not.Paperback.
Condition: New. 2nd New edition. Language: English. Brand New Book. In his landmark study of exchange and power in social life, Peter M. Blau contributes to an understanding of social structure by analyzing the social processes that govern the relations between individuals and groups.
exchange and power in social life, Peter M. Blau contributes to an understanding of social structure by analyzing the social rjphotoeditions.comion to the links between social exchange theory and theories of social.
6. Blast P M. Exchange and ~ssn’erin social life. New Brunswick. NJ: Transaction.
p. 7. AlexandrrJ C, GIeSSeIS B, Mueodi R & Smelner N 3, eds. The micm-macmlink. Berkeley, CA: University of California Press, ) p. Cc/s - ‘ S. This Week’s Citation Classic® ~ BInu P M.
Exchange and power in sociai life. New York:. Power and Social Exchange* DAVID A. BALDWIN Dartmouth College people's reluctance to view "your money or your life" as an exchange. The typical mugging occurs so quickly that the "muggee" does not have time to adjust his or her value expectation baseline (see Baldwin, b, p.
Sociological Theory. Sociological Theory Department of Sociology and Anthropology UMD. From Peter Blau, Exchange and Power in Social Life. New York: Wiley,pp. * FOUR. Social Exchange. The moral type on the other hand is not based on stated terms, but the gift or other service is given as to a friend, although the giver expects to.
Mar 01, · In his landmark study of exchange and power in social life, Peter M. Blau contributes to an understanding of social structure by analyzing the social processes that govern the relations between individuals and groups/5(19).Download