embeddedness

138: Relational Work Perspective — Zelizer & Bandelj

This month we examine three pieces from the relational work perspective in economic sociology, one by Viviana Zelizer and two by her former student Nina Bandelj. The relational work perspective examines how ordinary economic transactions and social relationships work together to establish meaning behind each movement of money. Initially describing decisions in household budgets and other microeconomic moves, this perspective is now finding traction in the study of whole organizations and its programming and budgeting actions.Read More

127: The Problem of Embeddedness – Mark Granovetter

We discuss Mark Granovetter's 1985 paper, "Economic Action and Social Structure: The Problem of Embeddedness." He argued that economic behavior is not the product of isolated rational calculations, nor is it fully determined by social norms. Instead, individuals are embedded in a complex network of relationships that simultaneously provides structure and allows for personal discretion.Read More