Socio-economics and rational choice theory: Specification of their relations

In this paper an attempt is made to put the relationship between socio-economics and rational choice theory into proper perspective. The attempt is motivated by some recent confusions between the two. In particular, there is a tendency among the adherents of rational choice theory to subsume socio-economics and, for that matter, social science as a whole under their theory. On the other hand, many socio-economists or economic sociologists evince some degree of lenience vis-à-vis rational choice theory as if the latter were fully compatible with their discipline. We show that the rational choice reduction of socio-economics and sister disciplines (e.g., economic sociology) to the “economic approach to human behavior” or to a utilitarian paradigm of socio-economic life, is theoretically and methodologically untenable, and thus that many socio-economists' generous attitude to rational choice theory is not entirely justified.     

Reconsidering equilibrium: a socio-economic perspective

Equilibrium is one of the most venerable concepts of neoclassical economics. In this paper we undertake a critical reconsideration of the concept of equilibrium within the framework of socio-economics (or economic sociology) as an analysis of the social nature, composition, and co-determination of the economy. The concept of market-economic equilibrium is critically reconsidered on the following grounds: its static implications, its spurious equation with optimum, its complex relations to social equilibrium, and its social co-determination. The conclusion is that the concept of (especially general) market equilibrium is of questionable explanatory value from the perspective of socio-economics.     

Considerate Exchange: Exploring Social Exchange on Family Farms

Much theory about economic action has emphasized tensions between exchange and care for others. Based on a mixed methods study of family farms, this article shows how considerateness may be conceptualized in social exchange theory and how such conceptualization facilitates research on interaction among close relations. The article shows how scholars may combine an exchange purpose typology with existent concepts of social exchange to analyze multiple dimensions of exchange. Data from family farms illustrate how various forms of exchange unfold among close relations. The article sheds light on actors’ management of emotional and moral ties in economic matters. It argues that social exchange theory has an unfulfilled potential in research on economic interaction among close relations.     

‘Intermediation’ in used goods markets: Transactions,confidence, and social interaction

An economic sociology approach grounded in an empirical study of second-hand sporting goods stores is used to examine ‘intermediation’ in used goods markets and its impact on confidence-building in market relations. Neo-institutional economic interpretation is contrasted with interpretation that uses a Goffmanian microsociological approach. The first type emphasizes the development of market credibility, analyzing the cognitive and formal arrangements (contractual and technical) which, by ‘professionalizing’ the behavior of self-improvised salespeople, reduce both ‘market opacity’ and the threat of opportunistic behavior. The second shows that such analysis is insufficient for understanding how actual relations in the marketplace are maintained. It aims to describe how partners to a transaction co-produce confidence, using their social skills and signaling honesty by the way they allow the quality of second-hand goods to be assessed. The two approaches converge, however, in that they both involve recognition of the limitations of analysis in terms of personal networks and the impersonality of economic transaction determinants. The article concludes by calling for closer attention to social relations in the marketplace and greater focus on how those relations are depersonalized.     

The expanding definition of framing and its particular impact on economic experimentation

In both experimental economics and psychology, framing research has focused primarily on the reflection effect. Recently, however, economic research on framing has employed a broader definition which incorporates context and institutional factors in a more general and productive way-a way which is also more consistent with the goals of socio-economics. This paper explores this expanding definition of framing and its particular impact on economic experimentation. A wide range of studies are reviewed to illustrate the influence on economics of the changes in understandings of framing, and to examine some of the evidence for context-dependent choice. Research concerning fairness and institutional framing, social norms, reference points, and non-rational choice is considered. Because of the complementarity between economic experimentation and economic theory, these advances in framing research are viewed as further positive signs of the opening of neoclassical economics to socio-economic premises.     

Towards the social analysis of twinship

The article examines the proposition that twinship is an irreducibly social phenomenon. Gender, age, birth order, socio-economic status and other variables are considered, along with the role of different patterns of socialization as these affect twinship. It is argued that, to a very large extent, from conception. through gestation, childbirth and subsequently childhood and adolescence, the social processing and regulation of social members take place in unitary terms and that therefore twins (and higher multiples) are an anomaly in relation to such processes. Twins' reactions to stigma, stereotyping and labelling are explored as an integral aspect of the social structuring of twinship. The role of the twin, as distinct from the role of the non-twin, is examined in the context of cultural expectations of twinship regarding similarity of identity and similarity of behaviour. Subsequent or concurrent processes of differentiation between twins are also examined. The article concludes with suggestions for further analyses of twinship.     

Social inclusion in terms of hospitality

The aim of this essay is to analyse social inclusion from two distinct points of view. On the one hand, in order to underline the complex nature of the paradigm of social inclusion, we will sketch a critical approach to the notion of exchange, a notion which has had an enormous influence on the field of social relations at large. On the other hand, we wish to explore also the ethical concept, and jurical practice, of ‘hospitality’. This is particularly important today because of the growing magnitude of globalisation and migration, phenomena which define the ways in which ‘outsiders’ relate to each other in many contemporary societies. The paper analyses the issue of social inclusion under two distinct headings. The first, which involves a critique of the economic idea of exchange, attempts to highlight the limits and contradictions that beset this paradigm, which has become such an intrinsic aspect of our lives today, when it imposes itself onto the entire range of social relationships. Under the second heading, which re-examines the ethical and juridical topic of ‘hospitality’, we try to take another look at the problem of migratory movement and all its paradoxical aspects in the light of current processes of globalisation of markets. These two issues have never been so interconnected as they are today, especially if it is the case that the problem posed by the growing phenomenon of migration in democratic and multi-ethnic societies, which are more and more involved in difficult relationships with ‘outsiders’, is bound to reappear, for good or for ill, on the level of social inclusion.     

Anthropological Perspectives on the Trafficking of Women for Sexual Exploitation

Abstract The sexual exchange of girls and women embodies deep cultural practices and is historically embedded in many family and kinship systems. Contemporary trafficking operations transform traditional bride wealth and marriage exchanges (prestations) by treating women's sexuality and bodies as commodities to be bought and sold (and exchanged again) in various Western capitals and Internet spaces. Such operations are also global with respect to scale, range, speed, diversity, and flexibility. Propelling many trafficking exchanges are political economic processes, which increase the trafficking of women in times of stress, such as famine, unemployment, economic transition, and so forth. However, the disparity between the global market operations, which organize trafficking, and the late nineteenth century social/public welfare system of counter‐trafficking suggests why the latter do not effectively address women's risks and may even expose them to increased levels of violence and stress. Drawing on historical accounts, anthropological theory, and ethnographic work in Viet Nam and Bosnia and Herzegovina, this essay examines how specific cultural practices embedded in family and kinship relations encourage and rationalize sexual trafficking of girls and young women in times of stress and dislocation. The essay also analyses how technologies of power inform both trafficking and counter‐trafficking operations in terms of controlling women's bodies, sexuality, health, labour, and migration. By analysing sexual trafficking as a cultural phenomenon in its own right, such an analysis seeks to inform and address the specific situations of girls and young women, who suffer greatly from the current migration regimes.     

Monetary incentives,motivational orientation and affective commitment in contact centers. A multilevel mediation model

High quality contact and customer relationships are key services for all types of firms. To achieve this high quality performance standard, companies need highly motivated and committed employees, and human resources managers are responsible for designing and implementing practices capable of satisfying both economic exchanges and social exchanges in employee-organization relationships. The aim of this study is to analyze the relationships between monetary incentive expectation and affective commitment, in addition to the mediating role of motivation orientation in this relationship, in contact center employees. In particular, based on the social exchange theory (Blau, 1964), the social exchange model of Cropanzano and Mitchell (2005), and the self-determination theory (Deci, Olafsen, & Ryan, 2017), our study adopts a multilevel perspective to examine these relationships in a sample of 2367 contact center employees from 297 teams (3 or more members). The results showed that the level of performance-contingent rewards (team-level) guides the team’s autonomous motivation (team-level), which, in turn, fosters employees’ affective commitment (individual-level). The results have practical implications for human resource managers and for interventions aimed to promote contact center employees’ affective commitment, taking performance-contingent rewards into account.     

The social order of transnational migration markets

The ‘infrastructural turn’ in labour migration studies has shifted attention away from the experiences of migrants to the role of public authorities and private actors in facilitating migrant mobilities. As part of a broader turn towards studying transnational mobilities rather than immigration and settlement, this research shows that the formalization of transnational labour migration has made mobility both freer and more difficult. In this article, I reinterpret mobility infrastructures from a market sociological perspective. Transnational labour migration, I argue, is more clearly conceptualized as the organized ‘making’ of cross‐border labour markets. Moreover, from a market sociological perspective the construction of cross‐border labour exchanges is at the same time a question of how the uncertainties inherent in market exchanges are coordinated by market actors. In its focus on how exchanges across borders are possible at all, a market sociological perspective makes note of the conflicting interests, power imbalances and uncertainties that must be handled for a social order of transnational migration markets to emerge. An important question concerns whether alternatives to the less regulated neo‐liberal market order that is evident in most migration corridors are possible and under what conditions. With reference to the challenges facing the regulation of cross‐border labour markets, in my conclusion, I map an agenda for future research.     

A critical evaluation of the commodification thesis

A recurring theme across the social sciences is that non‐capitalist production is disappearing albeit slowly and unevenly, and is being replaced by a commodified economy in which goods and services are produced by capitalist firms for a profit under conditions of market exchange. In this paper, however, I evaluate critically this commodification thesis. Even in the heartland of commoditisation ‐ the advanced economies. Large economic spaces are identified where alternative economic relations and motives prevail. Rather than view them as leftovers of pre‐capitalist formations, this paper argues that they are the result of both the contradictions inherent in the structural shifts associated with the pursuit of commodification as well as the existence of‘cultures of resistance’, As such, they are viewed as 'spaces of hope’which highlight the demonstrable construction and practice of alternative social relations and logic's of work outside profit‐motivated market‐oriented exchange.     

Microbusiness, household and class dynamics: the embedding of minority ethnic petty commerce

Microbusinesses are embedded in wider social processes, and it is the nature of this social embeddedness that is the principal focus of the article. In particular,‘domestic embedding’ of petty commerce is crucial, and involves a mixture of competition, domination, negotiation, and custom (Wheelock and Mariussen, 1997). Furthermore, as a socio‐economic group, petty traders and producers occupy an ambivalent position in the class structure, as they are vulnerable both to upward and downward social mobility. While the petty capital class has the advantage of possessing property assets, many members lack significant symbolic and cultural assets. Nonetheless, property assets offer the most robust bases for class formation (Savage et al., 1992). In addition, the embedding of petty commerce can be both ‘identity‐sensitive’ and ‘identity‐neutral’(Sayer, 1995; 2000; Fraser, 1995). Extra‐ethnic factors are significant in this process. The research uses formal interviews and ‘quasi‐ethnographic’ methodology to explore the different contexts in which restaurateurs and market traders operated in Birmingham, UK. The article draws critically on several literatures on industrial organisation, economic sociology, family businesses and minority ethnic businesses. One aim is to give the rather indifferent concept of ‘embedding’ substantive content, and in this way to make an empirically informed contribution to ‘new economic sociology’.     

The Relationship between Economics and Sociology: The Contribution of Economic Sociology,Setting out from the Problem of Embeddedness

This essay aims to analyse the most recent acquisitions in economic sociology, setting out from the problem of embeddedness. Firstly, the contribution offered by Mark Granovetter shall be illustrated, demonstrating how the interpretation proposed by this scholar is concentrated on a structural–relational perspective that tends to trace the explanation of economic phenomena to a theory of social networks. In order to enrich and integrate this approach, the contribution offered by the new-institutionalist perspective in contemporary economic sociology will be emphasised, which has focused on the social construction of economic institutions. This current has underlined, on the one hand, the cognitive dimension of embeddedness, related to the way in which the uniformities structured by mental processes limit economic reasoning, and, on the other, the cultural dimension of embeddedness, concerning the role of collectively shared representations in the formation of economic goals. It will be concluded by illustrating the acquisitions of some theoretical perspectives linked to the polanyian tradition that have developed a ‘plural’ conception of economy, founded on the emphasis of socio-regulative principles, such as those of exchange, redistribution and reciprocity, which, in becoming hybrid, give shape to variable and historically anchored economic worlds. The concept of embeddedness roots historically and transmits a vision of economic processes as inseparable from non-economic institutions.     

Air pollution and stock returns in the US

Health related research documents that air pollution has negative mood effects. Experimental works in psychology relate bad mood to increased risk aversion. Studies in financial economics report an observed link between mood effects and stock market returns. This study therefore investigates whether the mood effects caused by air pollution can have economic implications. It examines the relationship between air pollution and stock returns using data from the Air Quality Index, and stock returns from four stock exchanges in the US. We find that air pollution is negatively related to stock returns, even when controlling for other variables. The relationship becomes weaker as the distance of the stock exchange from the polluted area increases. The results also indicate that air pollution may even affect local traders investing in securities exchanges located far from the polluted area. The findings imply that a profitable trading strategy can be constructed.     

Corporate corruption of the environment: sustainability as a process of compromise

A key response to environmental degradation, climate change and declining biodiversity has been the growing adoption of market principles in an effort to better value the social good of nature. Through concepts such as ‘natural capitalism’ and ‘corporate environmentalism’, nature is increasingly viewed as a domain of capitalist endeavour. In this article, we use convention theory and a pluralist understanding of social goods to investigate how the social good of the environment is usurped by the alternate social good of the market. Through analysis of interviews with sustainability managers and corporate documentation, we highlight how organizational actors employ compromise to temporally settle disputes between competing claims about environmental activities. Our findings contribute to an understanding of the processes of empirically grounded critique and the under‐theorized concept of compromise between social goods. Rather than protecting the environment, the corporate promotion of sustainability facilitates the corruption of the social good of the environment and its conversion into a market commodity.     

Face and the Dynamics of Its Construction: A Relational and Multilayered Perspective

This article proposes a new understanding of the concept of face as coconstructed and characterized by various and not always polarized dynamics, such as gain/loss. In elaborating on this conceptual frame, I revisit Goffman's work on social appraisal and argue it is marked by a shift from an expositional to a relational approach. Using this reading of Goffman, together with characteristics of the Chinese concept of face, I analyze interview data about users' interpretations, motivations, and intentions behind public exchanges of information on Facebook. The data illustrate both interactive processes of gradual acquisition/erosion of mien‐tzu and loss of lien.     

Gender,Migration, and Law: Crossing Borders and Bridging Disciplines

The gendered nature of the immigration experience is shaped and reinforced by law, legal consciousness, and the normative understandings they help constitute. This article provides an overview of the role of gender in migration processes from a law and society perspective, and includes an empirical focus on the new immigration to Italy and Spain as an illustration of the utility of such an approach. Beginning with a brief summary of the literatures of feminist jurisprudence and law and migration, respectively, the small body of scholarship at the intersection of these fields is reviewed. The author then examines the new immigration to Italy and Spain and argues that this immigration and the policies that shape it highlight the role of the state in gendering immigrant labor and offer new angles from which to consider the interplay of gender, race, migration status, and marginality. In concluding, the author proposes that such exploration of immigrants’ experiences in southern Europe reveals the surprising complexity of immigrants’ multiple marginalities, and exposes the powerful contingencies of economic context, prevailing stereotypes, the particulars of state policy, and the agentive power of people struggling to survive.     

Commodities in action: measuring embeddedness and imposing values

Recent approaches in political economy look at the effects of technology and social values on economic action. Combining these approaches with those of economic anthropologists, this article poses that the way the economy is instituted can be understood by looking at reasons actors have for participating in actor‐networks of production, distribution and consumption. Using the author's research on American recycling, this article first shows that much of the‘making’or instituting of the economy happens outside the market, through political machinations, contracts and standards. Second, it suggests that these relationships impose value upon goods differently than do market relations. The details of the recycling‘chain’show the ways actors shape the network and demonstrate that the social values that add‘economic value’to goods are not uniform, but are highly contextual. Starting from Mark Granovetter's notion of 'social embeddedness', the article explains that the measure of social embeddedness is not as important as the values imposed upon other actors through social structure in the economy. It calls for a close observation of economic action in the locales within which production takes place to understand better the‘actions‐at‐a‐distance’where the politics of technology, social movements and power create the empirical, instituted economy.     

Negotiating Unequal Exchange: Relational Work in Cross-Class Sibling Relationships1

Based on 60 in-depth, semi-structured interviews, this article examines exchanges of support in cross-class adult sibling relationships. Whereas previous studies of family exchange have largely focused on parent–child support and patterns of inequality across families, this study addresses a gap in the literature by focusing on sibling exchanges and within-family inequality. How is support exchanged when expectations of peer equality are violated—when there is an economic difference between adult siblings? I find that cross-class siblings engage in relational work to shape and reframe exchanges in ways that are more indirect, often involving third parties. I identify four types of indirect economic support—proxy support, dependent support, compensatory support, and shared resources—which contribute to our understanding of the dynamics of sibling exchange, and point to ways in which inequality can be interactionally managed.