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Social Exchange Theory

Strengths

- very simply theory, allowing many to follow and relate to it

-can help detect a good, worthy relationship quickly

-helps explain many family issues (ex. divorce)

- can help people look for and find better relationships upon knowing and undertsanding theory

Study of the Family

This theory is often what individuals base their relationships around. If the costs do not outweigh the benefits, then the individual will most likely leave knowing they are not getting as much out of the relationship as they are putting in.

Definition

Weaknesses

Main Principles

-implies that humans are selfish (spoiler, we are)

The social exchange theory can be defined as: a theory that explains social change and stability as a process of negotiated exchanges between parties

-viewed as low, generalized way to classify relationships

The social exchange theory's main principle is that relationships are typically formed by humans using a cost-benefit analysis.

Example:

-sometimes costs and benefits cannot be reduced to a perfect number or ratio

If someone feels the costs or negatives outweigh the positives of their relationship, said person is likely to leave that relationship.

-places relationships on a linear, traditionalist spectrum while not all relationships work that way

Origin of Theory

The Social Exchange Theory was introduced in the late 1950s and early 1960s from the work of sociologists George Homans (1961) and Peter Blau (1964) and the work of social psychologists John Thibaut and Harold Kelley (1959).

Harold Kelley

George Homans

John Thibaut

Peter Blau

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