Topic
Embeddedness
About: Embeddedness is a(n) research topic. Over the lifetime, 4773 publication(s) have been published within this topic receiving 229721 citation(s).
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TL;DR: In this article, the extent to which economic action is embedded in structures of social relations, in modern industrial society, is examined, and it is argued that reformist economists who attempt to bring social structure back in do so in the "oversocialized" way criticized by Dennis Wrong.
Abstract: How behavior and institutions are affected by social relations is one of the classic questions of social theory. This paper concerns the extent to which economic action is embedded in structures of social relations, in modern industrial society. Although the usual neoclasical accounts provide an "undersocialized" or atomized-actor explanation of such action, reformist economists who attempt to bring social structure back in do so in the "oversocialized" way criticized by Dennis Wrong. Under-and oversocialized accounts are paradoxically similar in their neglect of ongoing structures of social relations, and a sophisticated account of economic action must consider its embeddedness in such structures. The argument in illustrated by a critique of Oliver Williamson's "markets and hierarchies" research program.
24,320 citations
TL;DR: In this article, the authors develop one of perhaps multiple specifications of embeddedness, a concept that has been used to refer broadly to the contingent nature of economic action with respect to cognition, social structure, institutions, and culture.
Abstract: This chapter aims to develop one of perhaps multiple specifications of embeddedness, a concept that has been used to refer broadly to the contingent nature of economic action with respect to cognition, social structure, institutions, and culture. Research on embeddedness is an exciting area in sociology and economics because it advances understanding of how social structure affects economic life. The chapter addresses propositions about the operation and outcomes of interfirm networks that are guided implicitly by ceteris paribus assumptions. While economies of time due to embeddedness have obvious benefits for the individual firm, they also have important implications for allocative efficiency and the determination of prices. Under the conditions, social processes that increase integration combine with resource dependency problems to increase the vulnerability of networked organizations. The level of investment in an economy promotes positive changes in productivity, standards of living, mobility, and wealth generation.
8,694 citations
Journal Article•
TL;DR: In this article, the authors tried to take the term of embededness out of the framework of the common program assumption and to disclose how the embeddness and network structure influence economic action and found that firms organized as networks had better chances to survive than those who support casual market ties.
Abstract: In this paper I try to take the term of embededness out of the framework of the common program assumption and to disclose how the embededness and network structure influence economic action. Basing on the existed theory and ethnographic analysis of the 23 clothes production companies I worked out the methodological scheme which depicts the details, functions and the sources of embededness. On the basis of this scheme I formulated and tested a list of hypotheses with the help of the data on network interactions of all the companies producing qualitative female clothes in the New-York sewing industry. It was found out that the embededness is the exchange system providing unique opportunities in comparison to the market and that firms organized as networks had better chances to survive than those who support casual market ties. However there is a pick of positive effect of embededness at a particular level after which it starts going down.
4,815 citations
TL;DR: In this paper, the authors deal with the problem of embeddedness of economic behavior in the social relations and analyze over and half-socialized concepts of human action in sociology and in economics.
Abstract: The paper deals with the problem of embeddedness of economic behavior in the social relations. This part of the text contains the theoretical definitions of embeddedness. The author analyzes over- and half-socialized concepts of human action in sociology and in economics. The issues of trust and fraud in economic life are in the focus.
3,772 citations
Book•
01 Jan 1974
TL;DR: In this article, the Second Edition, the authors present a survey of job search and economic theory in the context of information flow and the problem of embeddedness in the job search process.
Abstract: Preface to the Second Edition Preface Acknowledgments Introduction Pt. 1: Toward Causal Models Ch. 1: "Job Search" and Economic Theory Ch. 2: Contacts and Their Information Ch. 3: The Dynamics of Information Flow Ch. 4: The Dynamics of Vacancy Structure Ch. 5: Contacts: Acquisition and Maintenance Ch. 6: Career Structure Ch. 7: Some Theoretical Implications Pt. 2: Mobility and Society Ch. 8: Mobility and Organizations Ch. 9: Comparative Perspectives Ch. 10: Applications Afterword 1994: Reconsiderations and a New Agenda Appendix A: Design and Conduct of the Study Appendix B: Coding Rules and Problems Appendix C: Letters and Interview Schedules Appendix D: Economic Action and Social Structure: The Problem of Embeddedness References Index
3,730 citations