127: The Problem of Embeddedness -- Mark Granovetter (Part 1)

In this month’s episode, we discuss Mark Granovetter's 1985 paper, Economic Action and Social Structure: The Problem of Embeddedness. Granovetter's work provided a middle ground between two overly simplistic perspectives presented respectively by economists and sociologists-- the undersocialized view that treated individuals as isolated, purely rational agents and the oversocialized perspective that viewed individuals as enmeshed in social norms and lacking personal agency. Embeddedness allows social ties, trust, and networks to mediate economic transactions—reducing uncertainties, lowering transaction costs, and facilitating cooperation.

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Talking About Organizations is a conversational podcast where we talk about one book, journal article or idea per episode and try to understand it, its purpose and its impact. By joining us as we collectively tackle classic readings on organization theory, management science, organizational behavior, industrial psychology, organizational learning, culture, climate, leadership, public administration, and so many more! Subscribe to our feed and begin Talking About Organizations as we take on great management thinkers of past and present!