THE CONCEPT OF EMBEDDEDNESS, BY MARK GRANOVETTER

[@caniggiasyabil470]

Thanks, his words was more understandable in this video rather than in his 1985's paper

[@Mirghanii]

Indeed. His paper could not be more complicated.

[@juanpriego1442]

I finally understand what he’s saying. I spent hours reading and dissecting his 1985 paper without fully understanding what he meant. This video further clarified his arguments. Yay

[@pianogerb]

i have a take-home exam about this next week. This helps a lot with all the incomprehensible online lectures due to covid

[@MrAjayapoudel]

Much more useful, and a most watch video!

[@shuktikachatterjee]

Brilliant!!!

[@sfeverton]

You probably should check out his 1985 article, "Economic Action and Social Structure: The Problem of Embeddedness" then.

[@Sagunt57]

The question is what is the difference between embeddedness and common sense? It sounds great that "social interaction and social network are important for economic action". Did somebody think differrent from 2000 b.c.?

[@mpfilgueiras]

Actually, governments frequently creates public policies that focus on economic incentives, but ignoring social relationships. So this discussion helps understand behavior that otherwise is labelled as irrrational. That helps to make technology thansference to traditional groups more sucessful, for example. So this discussion is more relevante than it appears

[@brettknoss486]

I suspect that a large portion is that networks filter out untrustworthy people. What I want to know is how do minimum wages, and barriers to unpaid internships affect the ability of outsiders to form trust relationships.

[@alexanderkurz3621]

Is the remainder of the interview available somwhere?

[@ardalangharehchaie9519]

His concept? It is Karl Polanyis concept.

[@Kiwi_DeFruit]

Yes, Polanyi introduced the concept and wrote about it in the context of a pre-market economy. Granovetter took the concept and thought about the implications of being embedded in a social network, and analysed it so in a context where the relationships have effects on the economic choices, but the context of the economy isn't taken much into consideration because it will vary greatly depending on the social networks someone is embedded in. But is also relatable in the context of a market economy. Karl Polanyi did amazing descriptions of economic liberalism but worked in the frames of other theories, and it is different to observe something and call it a name than to build a theory, so I'd say the concept is Polanyi's but the theory is Granovetter's.

[@muskduh]

brilliant

[@robpeters7185]

Professor Granovetter seems to be referring to a concept my team has been working on since 2005. Taking into account the quality of social relationships in business transactions & interactions by capturing and measuring Relationship Capital (RC).

[@mufsinpp1278]

As far as my understanding goes Prof. Granovetter developed his idea of embeddedness in 1980s

[@hyacinthars]

how can i cite this video into my paper?

[@Jack_Gatsby]

copy and paste the youtube link, and mention when you retrieve this video (time and date) - in case there is some editing or alteration by the uploader.

[@mingtaoshi]

Insightful

[@rayancharafeddine4982]

He called that embededness? Didn't Polanyi call that embededness?

[@Jack_Gatsby]

yes he is just extending Polanyi's works.

[@Andy_Z905]

If you're here from Minerva you're awesome!

[@Kiwi_DeFruit]

yeah man, Mcgonagall gave me an assignment on economic sociology... Apparently, she doesn't only teach transfiguration 🤭

[@rsaylors]

Your team has spent the better part of a decade re-creating guanxi and social capital theories? What Granovetter is talking about (published in 05) is updating TCE with his network-ties theories (which actually makes sense); Though now it reads like a mid-range theory built out of Structuration Theory. IMHO Describing novel ontologies is the future Sandberg & Tsoukas (2011). Grasping the logic of practice: Theorizing through practical rationality. Academy of Management Review, 36(2), 338-360.

[@SK-le1gm]

what sucks is that i was a sociology student at stanford in 1989-93 and i never learned about any of this 😭

[@BellaBella313]

:)