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Social Capital, the advantage created by location in social structure, is a critical element in business strategy. Who has it, how it works, and how to develop it have become key questions as markets, organizations, and careers become more and more dependent on informal, discretionary relationships. The formal organization deals with accountability; Everything else flows through the informal: advice, coordination, cooperation friendship, gossip, knowledge, trust. Informal relations have always been with us, they have always mattered. What is new is the range of activities in which they now matter, and the emerging clarity we have about how they create advantage for certain people at the expe...
Ronald Burt describes the social structural theory of competition that has developed through the last two decades. The contrast between perfect competition and monopoly is replaced with a network model of competition. The basic element in this account is the structural hole: a gap between two individuals with complementary resources or information. When the two are connected through a third individual as entrepreneur, the gap is filled, creating important advantages for the entrepreneur. Competitive advantage is a matter of access to structural holes in relation to market transactions.
There is a moral to this book, a bit of Confucian wisdom often ignored in social network analysis: "Worry not that no one knows you, seek to be worth knowing." This advice is contrary to the usual social network emphasis on securing relations with well-connected people. Neighbor Networks examines the cases of analysts, bankers, and managers, and finds that rewards, in fact, do go to people with well-connected colleagues. Look around your organization. The individuals doing well tend to be affiliated with well-connected colleagues. However, the advantage obvious to the naked eye is misleading. It disappears when an individual's own characteristics are held constant. Well-connected people do n...
Toward a Structural Theory of Action: Network Models of Social Structure, Perception, and Action centers on the concept of social structure, perceptions, and actions, as well as the strategies through which these concepts guide empirical research. This book also proposes a model of status/role-sets as patterns of relationships defining positions in the social topology. This text consists of nine chapters separated into three parts. Chapter 1 introduces the goals and organization of the book. Chapters 2-4 provide analytical synopsis of available network models of social differentiation, and then use these models in describing actual stratification. Chapter 5 presents a model in which actor interests are captured. Subsequent chapter assesses the empirical adequacy of the two predictions described in this book. Then, other chapters provide a network model of constraint and its empirical adequacy. This book will be valuable to anthropologists, economists, political scientists, and psychologists.
This insightful book explores the spread of network imagery in three areas of sociology – social capital, social support, and China – using as its protagonist a man active in all three: Nan Lin. Social Capital, Social Support and Stratification provides a unique combination of Nan Lin’s core contributions to the field presented alongside new and original analyses.
In 1976, five years after his death, serious charges were leveled against the distinguished British scientist Sir Cyril Burt. His research on the nature of intelligence was challenged as fraudulent by a number of respected commentators, among them Leon Kamin, Oliver Gillie, Ann and Alan Clarke, and Leslie Hearnshaw. The evidence they marshaled, and the charges themselves are examined here in scrupulous detail. Written as a straightforward defense of Burt, this volume also tells a second story: the intrusion of the mass media into science, the power of the new media, and the success of this invasion, which threatens to replace intellectual authority. Convinced that a great injustice had been ...
Networks and Markets argues that economists' knowledge of markets and sociologists' rich understanding of networks can and should be combined. Together they can help us achieve a more coherent view of economic life, where transactions follow both the logic of economic incentives and the established channels of personal relationships. Market exchange is impersonal, episodic, and carried out at arm's length. All that matters is how much the seller is asking, and how much the buyer is offering. An economic network, by contrast, is based upon more personalized and enduring relationships between people tied together by more than just price. Networks and Markets focuses on how the two concepts rel...
Leading scholars in the field of social networks from diverse disciplines present the first systematic and comprehensive collection of current theories and empirical research on the informal connections that individuals have for support, help, and information from other people. Expanding on concepts originally formulated by Pierre Bourdieu and James Coleman, this seminal work will find an essential place with educators and students in the fields of social networks, rational choice theory, institutions, and the socioeconomics of poverty, labor markets, social psychology, and race. The volume is divided into three parts. The first segment clarifies social capital as a concept and explores its ...
Economics is a science that can contribute substantial powerful and fresh insights! This book collects essays by leading academics that evaluate the scholarly importance of contemporary economic ideas and concepts, thus providing valuable knowledge about the present state of economics and its progress. This compilation of short essays helps readers interested in economics to identify 21st century economic ideas that should be read and remembered. The authors state their personal opinion on what matters most in contemporary economics and reveal its fascinating and creative sides.
As the American economy surged in the 1990s, economic sociology made great strides as well. Economists and sociologists worked across disciplinary boundaries to study the booming market as both a product and a producer of culture, tracing the correlations they saw between economic and social phenomena. In the process, they debated the methodological issues that arose from their interdisciplinary perspectives. The New Economic Sociology provides an overview of these debates and assesses the state of the burgeoning discipline. The contributors summarize economic sociology's accomplishments to date, identifying key theoretical problems and opportunities, and formulating strategies for future re...