Exchange Theory: Levi Strauss - Concept, Features, Institutional Basis |Sociology

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Chapters:
0:00 Exchange theory by Levi Strauss
0:40 Introduction of Levi Strauss
1:58 Concept
3:40 Institutional bases of social exchange behaviour
6:31 Features of social exchange
7:20 MCQ about Exchange theory
Concept
Rejected the psychological interpretation of social exchange.
Why ?
Social exchange is a symbolic process, only humans are capable of this
It is normative behaviour - governed by rules and norms of society
It is creative and dynamic
Well defined institutional framework help carry the exchange
Institutional bases of social exchange behaviour
Principle of social scarcity and social intervention - eg. Exogamy - creating artificial scarcity
Principle of social cost of exchange - exchange by the virtue of festivals
Principle of reciprocity - obligation
According to Levi Strauss,
Exchange is done as a means of structural integration of the society
The items of exchange are defined culturally
The value of things exchanged is symbolic
Different patterns of exchange with change in society
Exchange regulated by norms and values
A Cost for individuals with each exchange
Not directly to individual but the social order
Men attribute meanings and values to things
Features of social exchange
Social exchange behaviour is human
Supra-individual process
Individual self interests form a part of it
They do not sustain the practice
#sociologicaltheories #structural #exchangetheory #levistrauss #exchangetheorybylevi strauss #institutionalbasesofsocialexchangebehaviour #featuresofsocialexchange #mcqaboutexchangetheory #testprep #ugcnet #doorsteptutor #examrace

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