Jamal Awil

← SocialCapitalCreation-1988

Economic exchange theory needs a micro-macro transition to generalize. [causal]

One was the limitation to microsocial relations, which abandons the principal virtue of economic theory, its ability to make the micro-macro transition from pair relations to system. … The other was the attempt to introduce principles in an ad hoc fashion, such as "distributive justice" (Homans 1964, p. 241) or the "norm of reciprocity" (Gouldner 1960). The former deficiency limits the theory's usefulness, and the latter creates a

XREF: Connects to sociological theory debates about micro-macro links, agency vs. structure, and the limits of exchange theory as critiqued in network sociology.

Coleman, SocialCapitalCreation-1988, loc. 37