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127: The Problem of Embeddedness -- Mark Granovetter (Part 1)

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Content provided by Talking About Organizations. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Talking About Organizations or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

In this month’s episode, we discuss Mark Granovetter's 1985 paper, Economic Action and Social Structure: The Problem of Embeddedness. Granovetter's work provided a middle ground between two overly simplistic perspectives presented respectively by economists and sociologists-- the undersocialized view that treated individuals as isolated, purely rational agents and the oversocialized perspective that viewed individuals as enmeshed in social norms and lacking personal agency. Embeddedness allows social ties, trust, and networks to mediate economic transactions—reducing uncertainties, lowering transaction costs, and facilitating cooperation.

  continue reading

329 episodes

Artwork
iconShare
 
Manage episode 493262412 series 2416900
Content provided by Talking About Organizations. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Talking About Organizations or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

In this month’s episode, we discuss Mark Granovetter's 1985 paper, Economic Action and Social Structure: The Problem of Embeddedness. Granovetter's work provided a middle ground between two overly simplistic perspectives presented respectively by economists and sociologists-- the undersocialized view that treated individuals as isolated, purely rational agents and the oversocialized perspective that viewed individuals as enmeshed in social norms and lacking personal agency. Embeddedness allows social ties, trust, and networks to mediate economic transactions—reducing uncertainties, lowering transaction costs, and facilitating cooperation.

  continue reading

329 episodes

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