Abstract
This chapter extends the analysis of approval theory to sociological exchange theory. In contrast to economic exchange, the network of social exchange makes binding constraints in and out of the organization. The market conditions outside of the organization, including “risk,” influences the internal structure of the organization. The interaction between the market and organization consists of the complex micro–macro linkages that emerge from both economic and social exchange.
Kiichiro Yagi, Keizai-teki Kokan to Shakai-teki Kokan: Seido Keizaigaku ni okeru Micro to Macro (Economic Exchange and Social Exchange: Micro and Macro in Institutional Political economy), Chiba Daigaku Keizai Kenkyu (Economic Studies of Chiba University), vol. 25, no. 3 (December 2010), pp. 113–146. Economics Society of Chiba University.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
Prize announcement. The Sveriges Riskbank Prize in Economic Sciences in Memory of Alfred Nobel 2009 (https://www.nobelprize.org).
References
Alexander JC, Giesen B, Münch A, Smelser NJ (eds) (1987) The micro-macro link. University of California Press, Berkeley
Aoki M (1984) The cooperative game theory of the firm. Oxford University Press, New York
Aoki M (2000) Information, cooperate governance, and institutional diversity: competitiveness in Japan, the USA, and the transition economies. Oxford University Press, Oxford. Transl. by Stacey Jehlik
Aoki M (2001) Towards a comparative institutional analysis. MIT Press, Cambridge
Barkow J, Cosmides L, Tooby J (eds) (1992) The adapted mind: evolutionary psychology and the generation of culture. Oxford University Press, New York
Blau PM (1964) Exchange and power in social life. Wiley, New York
Bowles S, Gintis H (2001) Contested exchange: a new microeconomics of capitalism. In: Hodgson GM, Itoh M, Yokokawa N (eds) Capitalism in evolution: global contentions—east and west. Edward Elgar, Cheltenham Glos.
Boyer R (2000) Is a finance-led growth regime a viable alternative to Fordism? A preliminary analysis. Econ Soc 29(1):111–145
Coase RH (1937) The nature of the firm. Econ New Ser 4:386–405
Coleman JS (1990) Foundations of social theory. Harvard University Press, Cambridge
Collins R (2005) Interaction ritual chains. Princeton University Press, Princeton
Cosmides L, Tooby J (1994) Better than rational: evolutionary psychology and the invisible hand. Am Econ Rev 84(2):327–332
Hirschman AO (1970) Exit, voice, and loyalty: responses to decline in firms, organizations, and states. Harvard University Press, Cambridge
Homans GC (1961) Social behavior: its elementary forms. Routledge & K. Paul, London
Knight FH (1921) Risk, uncertainty and profit. Houston Mifflin, Boston
Marshall A (1890) Principles of economics. Macmillan, London
Murakami Y (1994) Han-Koten no Seijikeizaigaku Yoko (Summary of the anti-classical political economy). Chuo Koron-sha, Tokyo (In Japanese)
Murakami Y, Rohlen TP (1992) Social exchange aspects of the Japanese political economy. In: Kumon S, Rosovsky H (eds) The political economy of Japan, vol 3: cultural and social dynamics. Stanford University Press, Stanford
Smith A (1759) The theory of moral sentiments, 1st edn. A. Miller and A. Kincaid, London and Edinburgh
Tominaga K (1997) Keizai to Soshiki no Shakaigaku Riton (Sociological theory of economy and organization). University of Tokyo Press, Tokyo (In Japanese)
Williamson OE (1996) The mechanisms of governance. Oxford University Press, New York
Yamagishi T (1998) Shinrai no Kozo (The structure of trust). University of Tokyo Press, Tokyo (In Japanese)
Yamagishi T, Cook KS, Watabe M (1998) Uncertainty, trust and commitment formation in the United States and Japan. Am J Sociol 104:165–194
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2020 Springer Japan KK, part of Springer Nature
About this chapter
Cite this chapter
Yagi, K. (2020). Economic Exchange and Social Exchange. In: Yagi, K. (eds) From Reproduction to Evolutionary Governance. Evolutionary Economics and Social Complexity Science, vol 20. Springer, Tokyo. https://doi.org/10.1007/978-4-431-54998-7_3
Download citation
DOI: https://doi.org/10.1007/978-4-431-54998-7_3
Published:
Publisher Name: Springer, Tokyo
Print ISBN: 978-4-431-54997-0
Online ISBN: 978-4-431-54998-7
eBook Packages: Economics and FinanceEconomics and Finance (R0)